Eversource Energy (ES) 10-Q2010 Q1 Quarterly report

Filed: 7 May 10, 12:00am

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Readability	H.S. sophomore Avg

New words: actuarially, additi, Advocate, affirmed, Agawam, andCombined, ant, app, Appellate, Ashuelot, auto, beneficial, bondable, Bonusdepreciation, card, chapter, check, classification, collaborative, confident, consecutive, Consumer, correction, Creek, damage, damaging, deemed, deteriorate, discrete, dispatch, drug, ebruary, EFSB, ei, electronically, Employer, engineering, exceptionally, expecta, expenditure, fee, felt, filer, fiscal, format, found, framework, frequently, gap, glossary, Healthcare, incentive, increa, inManagement, Instruction, instrume, Interactive, interconnect, ISO, jointly, Keene, launch, likelihood, lim, lion, LNG, lose, lost, meaningful, Medicare, ment, mil, Mill, millionof, Millstone, mmercial, mortization, NAESCO, nergy, NPT, ns, nt, NUTV, onal, outreach, overcollectio, par, PGA, pipeline, Pittsfield, pl, pose, practicable, pre, prescription, produce, produced, producing, projec, prolonged, reassessment, recession, recoupment, refusal, registrant, remainin, remanded, render, reorganize, reser, respectiveManagement, restoration, RFP, rollout, roximately, RRR, rural, SB, scenario, se, SECI, shell, shorter, slight, sly, som, sponsor, spread, struck, subsidy, Superior, Telephone, ther, thisManagement, Town, tranche, transmit, transmitted, trustee, ubstantially, unpaid, unregulated, upheld, vaporization, variance, version, Wallingford, warmer, WASHINGTON, Waterbury, Waterford, widespread, worker, writing, WWL

Removed: accrued, acquire, actively, addressing, adjust, advanced, analyzing, ancillary, apportionment, arranged, ascertain, assessed, began, bid, billing, borrower, broken, Canadian, carbon, CfD, cleared, closing, commencing, compare, conducting, confirming, consulting, consummation, contractor, contrast, Council, coupled, creditworthy, CYAPC, daily, declining, decreasing, deriving, description, diagnostic, directed, disaggregate, disclose, discounting, divided, downturn, dropped, enact, enacted, equipment, ERISA, ERM, essentially, estimable, experienced, expire, explain, explanatory, extension, fact, FASB, favor, Federally, front, function, generated, hand, hold, Holyoke, hydroelectric, ice, identifying, Illuminating, implementing, impose, inclusion, increasing, indirect, initial, IPP, IRS, kilovolt, larger, leverage, LIBOR, license, limit, liquidate, list, LOC, maintained, mandated, marked, metering, middle, Mode, monitored, nation, nonfinancial, nonrecurring, North, NYMEX, NYMPA, obligated, offer, offering, open, orderly, overrecovery, oversee, owed, paragraph, peak, petition, point, pollution, Poor, positively, posting, precursor, premium, preparing, prescribed, properly, Protection, prudency, prudent, ratio, realization, Realty, recognition, redemption, reduce, referencing, regularly, reissuance, reliable, remarketing, remediated, repayment, representative, requirement, requiring, retained, retired, retrospective, retrospectively, Rhode, Rocky, ruling, run, scheduling, segmented, segregated, segregating, September, sharing, significance, similarly, sinking, size, statute, structured, substation, substitute, target, tested, tie, transacting, transferred, treatment, ultimately, unable, unlimited, utilize, vested, volumetric, Water, weak, wholly, wound, York

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Western Massachusetts Electric Company											Exhibit 12
Ratio of Earnings to Fixed Charges

		Three Months
(Thousands of Dollars)		Ended
		March 31, 2010	For the Years Ended December 31,
		(unaudited)		2009		2008		2007		2006		2005
Earnings, as defined:
Net income	$	5,659	$	26,196	$	18,330	$	23,604	$	15,644	$	15,085
Income tax expense		6,446		14,923		10,545		14,586		7,766		9,294
Equity in (earnings)/losses of regional nuclear
generating companies		(9)		(78)		(101)		(526)		241		(311)
Dividends received from regional equity
investees		-		419		-		701		372		103
Fixed charges, as below		5,237		20,614		21,910		22,162		21,087		19,801
Less: Interest capitalized (including AFUDC)		(10)		(195)		(1,010)		(983)		(853)		(455)
Total earnings, as defined	$	17,323	$	61,879	$	49,674	$	59,544	$	44,257	$	43,517

Fixed charges, as defined:
Interest on long-term debt (a)	$	3,881	$	14,074	$	13,244	$	11,577	$	10,671	$	9,535
Interest on rate reduction bonds		937		4,335		5,133		5,839		6,723		7,570
Other interest (b)		126		877		1,256		2,430		1,507		1,041
Rental interest factor		283		1,133		1,267		1,333		1,333		1,200
Interest capitalized (including AFUDC)		10		195		1,010		983		853		455
Total fixed charges, as defined	$	5,237	$	20,614	$	21,910	$	22,162	$	21,087	$	19,801


Ratio of Earnings to Fixed Charges		3.31		3.00		2.27		2.69		2.10		2.20


(a) Interest on long-term debt amounts include amortized premiums, discounts and capitalized expenses related to indebtedness.

(b) For the three months ended March 31, 2010 and for the years ended December 31, 2009 and 2008, other interest includes interest related to accounting for uncertain tax positions.