Exhibit 12.01
PUBLIC SERVICE CO. OF COLORADO AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
|
| | | | | | | | | | | | | | | | | | | |
| | Year Ended Dec. 31 |
| | 2013 | | 2012 | | 2011 | | 2010 | | 2009 |
| Earnings, as defined: | |
| | |
| | |
| | |
| | |
|
| Pretax income | $ | 704,123 |
| | $ | 690,620 |
| | $ | 625,164 |
| | $ | 628,901 |
| | $ | 493,725 |
|
| Add: Fixed charges | 232,539 |
| | 254,443 |
| | 253,867 |
| | 233,604 |
| | 224,041 |
|
| Total earnings, as defined | $ | 936,662 |
| | $ | 945,063 |
| | $ | 879,031 |
| | $ | 862,505 |
| | $ | 717,766 |
|
| Fixed charges, as defined: | |
| | |
| | |
| | |
| | |
|
| Interest charges | $ | 173,602 |
| | $ | 188,094 |
| | $ | 186,885 |
| | $ | 171,945 |
| | $ | 166,212 |
|
| Interest charges on life insurance policy borrowings | 245 |
| | 310 |
| | 332 |
| | 372 |
| | 324 |
|
| Interest component of leases | 58,692 |
| | 66,039 |
| | 66,650 |
| | 61,287 |
| | 57,505 |
|
| Total fixed charges, as defined | $ | 232,539 |
| | $ | 254,443 |
| | $ | 253,867 |
| | $ | 233,604 |
| | $ | 224,041 |
|
| Ratio of earnings to fixed charges | 4.0 |
| | 3.7 |
| | 3.5 |
| | 3.7 |
| | 3.2 |
|
