Exhibit 12.01
XCEL ENERGY INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
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| Quarter Ended |
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| March 31, |
| Year Ended Dec. 31, |
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| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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Earnings as defined: |
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Pretax income from operations |
| $ | 289,238 |
| $ | 1,056,838 |
| $ | 984,406 |
| $ | 870,383 |
| $ | 750,092 |
| $ | 672,577 |
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Add: Fixed charges |
| 180,808 |
| 705,740 |
| 654,080 |
| 722,561 |
| 622,554 |
| 593,707 |
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Deduct: Undistributed equity in earnings of unconsolidated affiliates |
| 7,401 |
| 24,664 |
| 3,571 |
| 1,900 |
| 2,775 |
| 712 |
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Earnings as defined |
| $ | 462,645 |
| $ | 1,737,914 |
| $ | 1,634,915 |
| $ | 1,591,044 |
| $ | 1,369,871 |
| $ | 1,265,572 |
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Fixed charges: |
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Interest charges |
| $ | 143,830 |
| $ | 561,654 |
| $ | 552,919 |
| $ | 563,438 |
| $ | 486,967 |
| $ | 463,370 |
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Interest charges on life insurance policy borrowings |
| 117 |
| 324 |
| 248 |
| 105,396 |
| 117,536 |
| 107,610 |
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Interest component of leases |
| 36,861 |
| 143,762 |
| 100,913 |
| 53,727 |
| 18,051 |
| 22,727 |
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Total fixed charges |
| $ | 180,808 |
| $ | 705,740 |
| $ | 654,080 |
| $ | 722,561 |
| $ | 622,554 |
| $ | 593,707 |
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Ratio of earnings to fixed charges |
| 2.6 |
| 2.5 |
| 2.5 |
| 2.2 |
| 2.2 |
| 2.1 |
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