EXHIBIT 12.01
XCEL ENERGY INC.
AND SUBSIDIARIES
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS
TO CONSOLIDATED FIXED CHARGES
(not covered by Report of Independent Public Accountants)
| | Year Ended December 31, | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 1999 | 1998 | 1997 | 1996 | ||||||||||||
| | (in thousands, except ratios) | ||||||||||||||||
| Earnings: | |||||||||||||||||
| Net Income | $ | 526,828 | $ | 570,933 | $ | 624,330 | $ | 388,242 | $ | 546,880 | |||||||
| Provisions for Federal and state taxes on income | 304,865 | 179,673 | 240,391 | 230,629 | 300,463 | ||||||||||||
| Fixed charges as below | 791,187 | 472,364 | 402,608 | 375,176 | 311,033 | ||||||||||||
| Less: Undistributed equity in earnings of unconsolidated affiliates | 87,019 | 67,926 | 56,953 | 36,532 | 26,365 | ||||||||||||
| Total | $ | 1,535,861 | $ | 1,155,044 | $ | 1,210,376 | $ | 957,515 | $ | 1,132,011 | |||||||
| Fixed Charges: | |||||||||||||||||
| Interest charges, excluding AFC—debt | $ | 752,387 | $ | 433,564 | $ | 369,297 | $ | 352,889 | $ | 309,507 | |||||||
| Distributions on redeemable preferred securities of subsidiary trust | 38,800 | 38,800 | 33,311 | 22,287 | 1,526 | ||||||||||||
| Total | $ | 791,187 | $ | 472,364 | $ | 402,608 | $ | 375,176 | $ | 311,033 | |||||||
| Ratio of earnings to fixed charges | 1.9 | 2.4 | 3.0 | 2.6 | 3.6 | ||||||||||||
