Exhibit 12.01
NSP-WISCONSIN AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended March 31, 2015 | | Year Ended Dec. 31 |
| | 2014 | | 2013 | | 2012 | | 2011 | | 2010 |
Earnings, as defined: | | | |
| | |
| | |
| | |
| | |
|
Pretax income from operations | $ | 35,331 |
| | $ | 113,045 |
| | $ | 95,877 |
| | $ | 79,509 |
| | $ | 84,620 |
| | $ | 68,861 |
|
Add: Fixed charges | 7,836 |
| | 29,686 |
| | 28,325 |
| | 25,215 |
| | 24,628 |
| | 24,897 |
|
Total earnings, as defined | $ | 43,167 |
| | $ | 142,731 |
| | $ | 124,202 |
| | $ | 104,724 |
| | $ | 109,248 |
| | $ | 93,758 |
|
Fixed charges, as defined: | | | |
| | |
| | |
| | |
| | |
|
Interest charges | $ | 7,756 |
| | $ | 29,273 |
| | $ | 27,797 |
| | $ | 24,799 |
| | $ | 24,168 |
| | $ | 24,517 |
|
Interest component of leases | 80 |
| | 413 |
| | 528 |
| | 416 |
| | 460 |
| | 380 |
|
Total fixed charges, as defined | $ | 7,836 |
| | $ | 29,686 |
| | $ | 28,325 |
| | $ | 25,215 |
| | $ | 24,628 |
| | $ | 24,897 |
|
Ratio of earnings to fixed charges | 5.5 |
| | 4.8 |
| | 4.4 |
| | 4.2 |
| | 4.4 |
| | 3.8 |
|