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Content analysis
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Exhibit 12.01
NORTHERN STATES POWER COMPANY — WISCONSIN
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS
TO CONSOLIDATED FIXED CHARGES
|
| YEAR ENDED DEC. 31, |
| |||||||||||||
|
| 2004 |
| 2003 |
| 2002 |
| 2001 |
| 2000 |
| |||||
|
| (IN THOUSANDS, EXCEPT RATIOS) |
| |||||||||||||
EARNINGS: |
|
|
|
|
|
|
|
|
|
|
| |||||
Net income |
| $ | 54,385 |
| $ | 57,470 |
| $ | 54,373 |
| $ | 36,392 |
| $ | 30,296 |
|
Provisions for Federal and state taxes on income |
| 35,215 |
| 27,036 |
| 36,925 |
| 21,158 |
| 20,690 |
| |||||
Fixed charges as below |
| 21,871 |
| 23,249 |
| 23,467 |
| 23,139 |
| 21,557 |
| |||||
Less: Undistributed equity in earnings of unconsolidated affiliates |
| (10 | ) | 21 |
| 232 |
| 553 |
| 411 |
| |||||
Total |
| $ | 111,481 |
| $ | 107,734 |
| $ | 114,533 |
| $ | 80,136 |
| $ | 72,132 |
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest charges, excluding AFUDC – debt |
| $ | 21,871 |
| $ | 23,249 |
| $ | 23,467 |
| $ | 23,139 |
| $ | 21,557 |
|
Distributions on redeemable preferred securities of subsidiary trust |
| — |
| — |
| — |
| — |
| — |
| |||||
Total |
| $ | 21,871 |
| $ | 23,249 |
| $ | 23,467 |
| $ | 23,139 |
| $ | 21,557 |
|
RATIO OF EARNINGS TO FIXED CHARGES |
| 5.1 |
| 4.6 |
| 4.9 |
| 3.5 |
| 3.3 |
|
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