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?Positive | ||
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H.S. freshman Avg
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- 10-Q Quarterly report
- 10.2 EX-10.2
- 12 EX-12.(NU)
- 31 EX-31.(NU)
- 31.1 EX-31.1(NU)
- 32 EX-32.(NU)
- 12 EX-12.(CL&P)
- 31 EX-31.(CL&P)
- 31.1 EX-31.1(CL&P)
- 32 EX-32.(CL&P)
- 12 EX-12. (Nstar Electric)
- 31 EX-31. (Nstar Electric)
- 31.1 EX-31.1 (Nstar Electric)
- 32 EX-32. (Nstar Electric)
- 12 EX-12.(PSNH)
- 31 EX-31.(PSNH)
- 31.1 EX-31.1(PSNH)
- 32 EX-32.(PSNH)
- 12 EX-12.(WMECO)
- 31 EX-31.(WMECO)
- 31.1 EX-31.1(WMECO)
- 32 EX-32.(WMECO)
- Download Excel data file
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Exhibit 12
The Connecticut Light and Power Company
Ratio of Earnings to Fixed Charges
(Unaudited)
|
| Three Months |
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| Ended |
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| March 31, |
| For the Years Ended December 31, |
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(Thousands of Dollars) |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| ||||||
Earnings, as defined: |
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Net income |
| $ | 79,299 |
| $ | 279,412 |
| $ | 209,725 |
| $ | 250,164 |
| $ | 244,143 |
| $ | 216,316 |
|
Income tax expense |
| 45,541 |
| 141,663 |
| 94,437 |
| 90,033 |
| 132,438 |
| 118,847 |
| ||||||
Equity in earnings of regional nuclear generating companies |
| (7 | ) | (67 | ) | (40 | ) | (16 | ) | (134 | ) | (282 | ) | ||||||
Dividends received from regional equity investees |
| — |
| 289 |
| — |
| — |
| 440 |
| 1,520 |
| ||||||
Fixed charges, as below |
| 35,407 |
| 139,929 |
| 139,982 |
| 140,311 |
| 145,297 |
| 163,887 |
| ||||||
Less: Interest capitalized (including AFUDC) |
| (156 | ) | (2,249 | ) | (2,456 | ) | (3,317 | ) | (2,726 | ) | (2,203 | ) | ||||||
Total earnings, as defined |
| $ | 160,084 |
| $ | 558,977 |
| $ | 441,648 |
| $ | 477,175 |
| $ | 519,458 |
| $ | 498,085 |
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Fixed charges, as defined: |
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Interest on long-term debt (a) |
| $ | 32,908 |
| $ | 130,620 |
| $ | 124,894 |
| $ | 131,918 |
| $ | 134,553 |
| $ | 133,422 |
|
Interest on rate reduction bonds |
| — |
| — |
| — |
| — |
| 7,542 |
| 19,061 |
| ||||||
Other interest (b) |
| 1,335 |
| 3,030 |
| 8,233 |
| 809 |
| (4,357 | ) | 3,334 |
| ||||||
Rental interest factor |
| 1,008 |
| 4,030 |
| 4,399 |
| 4,267 |
| 4,833 |
| 5,867 |
| ||||||
Interest capitalized (including AFUDC) |
| 156 |
| 2,249 |
| 2,456 |
| 3,317 |
| 2,726 |
| 2,203 |
| ||||||
Total fixed charges, as defined |
| $ | 35,407 |
| $ | 139,929 |
| $ | 139,982 |
| $ | 140,311 |
| $ | 145,297 |
| $ | 163,887 |
|
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|
|
|
| ||||||
Ratio of Earnings to Fixed Charges |
| 4.52 |
| 3.99 |
| 3.16 |
| 3.40 |
| 3.58 |
| 3.04 |
|
(a) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness.
(b) For all periods presented, other interest includes interest related to accounting for uncertain tax positions.