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EXHIBIT 12(a)
NORTHERN STATES POWER COMPANY—MINNESOTA
AND SUBSIDIARIES
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS
TO CONSOLIDATED FIXED CHARGES
(not covered by Report of Independent Public Accountants)
| | Year Ended December 31, | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 1999 | 1998 | 1997 | 1996 | ||||||||||||
| | (in thousands, except ratios) | ||||||||||||||||
| Earnings: | |||||||||||||||||
| Net Income | $ | 111,224 | $ | 158,980 | $ | 210,206 | $ | 199,465 | $ | 218,627 | |||||||
| Provisions for Federal and state taxes on income | 92,191 | 97,431 | 124,713 | 121,764 | 138,244 | ||||||||||||
| Fixed charges as below | 146,192 | 125,431 | 113,160 | 117,928 | 105,905 | ||||||||||||
| Less: Undistributed equity in earnings of unconsolidated affiliates | — | — | — | — | — | ||||||||||||
| Total | $ | 349,607 | $ | 381,842 | $ | 448,079 | $ | 439,157 | $ | 462,776 | |||||||
| Fixed Charges: | |||||||||||||||||
| Interest charges, excluding AFC—debt | $ | 130,442 | $ | 109,681 | $ | 97,410 | $ | 103,490 | $ | 105,905 | |||||||
| Distributions on redeemable preferred securities of subsidiary trust | 15,750 | 15,750 | 15,750 | 14,438 | — | ||||||||||||
| Total | $ | 146,192 | $ | 125,431 | $ | 113,160 | $ | 117,928 | $ | 105,905 | |||||||
| Ratio of earnings to fixed charges | 2.4 | 3.0 | 4.0 | 3.7 | 4.4 | ||||||||||||
EXHIBIT 12(b)
NORTHERN STATES POWER COMPANY—WISCONSIN
AND SUBSIDIARIES
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS
TO CONSOLIDATED FIXED CHARGES
(not covered by Report of Independent Public Accountants)
| | Year Ended December 31, | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 1999 | 1998 | 1997 | 1996 | ||||||||||||
| | (in thousands, except ratios) | ||||||||||||||||
| Earnings: | |||||||||||||||||
| Net Income | $ | 30,296 | $ | 36,366 | $ | 32,195 | $ | 37,417 | $ | 38,697 | |||||||
| Provisions for Federal and state taxes on income | 20,690 | 25,302 | 20,468 | 23,309 | 24,582 | ||||||||||||
| Fixed charges as below | 21,557 | 19,627 | 19,189 | 18,010 | 19,324 | ||||||||||||
| Less: Undistributed equity in earnings of unconsolidated affiliates | 411 | 409 | 3 | 300 | 207 | ||||||||||||
| Total | $ | 72,132 | $ | 80,886 | $ | 71,849 | $ | 78,436 | $ | 82,396 | |||||||
| Fixed Charges: | |||||||||||||||||
| Interest charges, excluding AFC—debt | $ | 21,557 | $ | 19,627 | $ | 19,189 | $ | 18,010 | $ | 19,324 | |||||||
| Distributions on redeemable preferred securities of subsidiary trust | — | — | — | — | — | ||||||||||||
| Total | $ | 21,557 | $ | 19,627 | $ | 19,189 | $ | 18,010 | $ | 19,324 | |||||||
| Ratio of earnings to fixed charges | 3.3 | 4.1 | 3.7 | 4.4 | 4.3 | ||||||||||||
EXHIBIT 12(c)
PUBLIC SERVICE COMPANY OF COLORADO
AND SUBSIDIARIES
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS
TO CONSOLIDATED FIXED CHARGES
(not covered by Report of Independent Public Accountants)
| | Year Ended December 31, | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2000 | 1999 | 1998 | 1997 | 1996 | ||||||||||||
| | (in thousands, except ratios) | ||||||||||||||||
| Earnings: | |||||||||||||||||
| Net Income | $ | 196,128 | $ | 204,265 | $ | 200,103 | $ | 204,042 | $ | 190,346 | |||||||
| Provisions for Federal and state taxes on income | 102,770 | 96,574 | 101,494 | 90,813 | 96,331 | ||||||||||||
| Fixed charges as below | 244,952 | 234,544 | 210,539 | 197,658 | 163,873 | ||||||||||||
| Less: Undistributed equity in earnings of unconsolidated affiliates | — | — | — | — | — | ||||||||||||
| Total | $ | 543,850 | $ | 535,383 | $ | 512,136 | $ | 492,513 | $ | 450,550 | |||||||
| Fixed Charges: | |||||||||||||||||
| Interest charges, excluding AFC—debt | $ | 229,752 | $ | 219,344 | $ | 200,828 | $ | 197,658 | $ | 163,873 | |||||||
| Distributions on redeemable preferred securities of subsidiary trust | 15,200 | 15,200 | 9,711 | — | — | ||||||||||||
| Total | $ | 244,952 | $ | 234,544 | $ | 210,539 | $ | 197,658 | $ | 163,873 | |||||||
| Ratio of earnings to fixed charges | 2.2 | 2.3 | 2.4 | 2.5 | 2.7 | ||||||||||||
EXHIBIT 12(d)
SOUTHWESTERN PUBLIC SERVICE COMPANY
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(not covered by Report of Independent Public Accountants)
| | Year Ended December 31, | | Year Ended August 31, 1996 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Transition Period | |||||||||||||||||||
| | 2000 | 1999 | 1998 | 1997 | ||||||||||||||||
| | (in thousands, except ratios) | | | |||||||||||||||||
| Earnings: | ||||||||||||||||||||
| Net Income | $ | 69,492 | $ | 102,709 | $ | 114,987 | $ | 75,575 | $ | 19,137 | $ | 105,773 | ||||||||
| Provisions for Federal and state taxes on income | 58,776 | 59,399 | 65,696 | 48,795 | 10,987 | 65,297 | ||||||||||||||
| Fixed charges as below | 67,713 | 64,888 | 64,052 | 63,075 | 19,344 | 53,347 | ||||||||||||||
| Less: Undistributed equity in earnings of unconsolidated affiliates | — | — | — | — | — | |||||||||||||||
| Total | $ | 195,981 | $ | 226,996 | $ | 244,735 | $ | 187,445 | $ | 49,468 | $ | 224,417 | ||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest charges, excluding AFC — debt | $ | 59,863 | $ | 57,038 | $ | 56,202 | $ | 55,225 | $ | 17,818 | $ | 53,347 | ||||||||
| Distributions on redeemable preferred securities of subsidiary trust | 7,850 | 7,850 | 7,850 | 7,850 | 1,526 | — | ||||||||||||||
| Total | $ | 67,713 | $ | 64,888 | $ | 64,052 | $ | 63,075 | $ | 19,344 | $ | 53,347 | ||||||||
| Ratio of earnings to fixed charges | 2.9 | 3.5 | 3.8 | 3.0 | 2.6 | 4.2 | ||||||||||||||
Exhibit 12.01