Northern States Power 8-K Other Events

Exhibit 12.01

NSP-WISCONSIN AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(amounts in thousands, except ratio)

	Six Months Ended June 30, 2018		Year Ended Dec. 31
			2017		2016		2015		2014		2013
Earnings, as defined:
Pretax income from operations	$	62,185	$	123,588	$	112,037	$	118,874	$	113,045	$	95,877
Add: Fixed charges	19,553		35,431		34,849		33,073		29,686		28,325
Total earnings, as defined	$	81,738	$	159,019	$	146,886	$	151,947	$	142,731	$	124,202
Fixed charges, as defined:
Interest charges	$	19,358	$	35,040	$	34,452	$	32,731	$	29,273	$	27,797
Interest component of leases	195		391		397		342		413		528
Total fixed charges, as defined	$	19,553	$	35,431	$	34,849	$	33,073	$	29,686	$	28,325
Ratio of earnings to fixed charges	4.2		4.5		4.2		4.6		4.8		4.4