Exhibit 12.01
XCEL ENERGY INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
Six Months Ended | ||||||||||||||||||||||||
| June 30, | Year Ended Dec. 31, | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
| Earnings as defined: | ||||||||||||||||||||||||
| Pretax income from continuing operations | $ | 558,672 | $ | 1,188,591 | $ | 1,056,838 | $ | 984,406 | $ | 870,383 | $ | 750,092 | ||||||||||||
| Add: Fixed charges | 358,889 | 708,529 | 705,740 | 654,080 | 722,561 | 622,554 | ||||||||||||||||||
| Add: Dividends from unconsolidated subsidiaries | 16,931 | 32,538 | 29,059 | - | - | - | ||||||||||||||||||
| Deduct: Equity earnings of unconsolidated subsidiaries | 15,390 | 29,948 | 24,664 | 3,571 | 1,900 | 2,775 | ||||||||||||||||||
| Earnings as defined | $ | 919,102 | $ | 1,899,710 | $ | 1,766,973 | $ | 1,634,915 | $ | 1,591,044 | $ | 1,369,871 | ||||||||||||
| Fixed charges: | ||||||||||||||||||||||||
| Interest charges | $ | 290,692 | $ | 577,291 | $ | 561,654 | $ | 552,919 | $ | 563,438 | $ | 486,967 | ||||||||||||
| Interest charges on life insurance policy borrowings | 147 | 372 | 324 | 248 | 105,396 | 117,536 | ||||||||||||||||||
| Interest component of leases | 68,050 | 130,866 | 143,762 | 100,913 | 53,727 | 18,051 | ||||||||||||||||||
| Total fixed charges | $ | 358,889 | $ | 708,529 | $ | 705,740 | $ | 654,080 | $ | 722,561 | $ | 622,554 | ||||||||||||
| Ratio of earnings to fixed charges | 2.6 | 2.7 | 2.5 | 2.5 | 2.2 | 2.2 | ||||||||||||||||||