Eversource Energy (ES) 10-K 2017 FY Annual report

The Connecticut Light and Power Company													Exhibit 12
Ratio of Earnings to Fixed Charges
	For the Years Ended December 31,
(Thousands of Dollars)	2017			2016			2015			2014			2013
Earnings, as defined:
Net income	$	376,726		$	334,254		$	299,360		$	287,754		$	279,412
Income tax expense	186,646			208,308			177,396			133,451			141,663
Equity in earnings of equity investees	(39		)	(61		)	(31		)	(32		)	(67		)
Dividends received from equity investees	—			60			—			—			289
Fixed charges, as below	152,888			152,635			153,751			152,513			139,929
Less: Interest capitalized (including AFUDC)	(5,102		)	(3,319		)	(2,630		)	(1,867		)	(2,249		)
Total earnings, as defined	$	711,119		$	691,877		$	627,846		$	571,819		$	558,977
Fixed charges, as defined:
Interest expense	$	142,973		$	144,110		$	145,795		$	147,421		$	133,650
Rental interest factor	4,813			5,206			5,326			3,225			4,030
Interest capitalized (including AFUDC)	5,102			3,319			2,630			1,867			2,249
Total fixed charges, as defined	$	152,888		$	152,635		$	153,751		$	152,513		$	139,929
Ratio of Earnings to Fixed Charges	4.65			4.53			4.08			3.75			3.99