EXHIBIT 12.01
PUBLIC SERVICE COMPANY OF COLORADO AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
| | Six Months Ended June 30, | | | Year Ended December 31, | |
| | 2011 | | | 2010 | | | 2009 | | | 2008 | | | 2007 | | | 2006 | |
| | | | | | | | | | | | | | | | | | |
Earnings as defined: | | | | | | | | | | | | | | | | | | |
Pretax income from continuing operations | | $ | 265,910 | | | $ | 628,901 | | | $ | 493,725 | | | $ | 506,424 | | | $ | 431,251 | | | $ | 323,159 | |
Add: Fixed charges | | | 123,887 | | | | 233,604 | | | | 224,041 | | | | 199,739 | | | | 311,377 | | | | 264,672 | |
Earnings as defined | | $ | 389,797 | | | $ | 862,505 | | | $ | 717,766 | | | $ | 706,163 | | | $ | 742,628 | | | $ | 587,831 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Fixed charges: | | | | | | | | | | | | | | | | | | | | | | | | |
Interest charges | | $ | 91,435 | | | $ | 171,945 | | | $ | 166,212 | | | $ | 154,313 | | | $ | 180,230 | | | $ | 137,493 | |
Interest charges on life insurance policy borrowings | | | 147 | | | | 372 | | | | 324 | | | | 248 | | | | 105,396 | | | | 117,536 | |
Interest component of leases | | | 32,305 | | | | 61,287 | | | | 57,505 | | | | 45,178 | | | | 25,751 | | | | 9,643 | |
Total fixed charges | | $ | 123,887 | | | $ | 233,604 | | | $ | 224,041 | | | $ | 199,739 | | | $ | 311,377 | | | $ | 264,672 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | | | 3.1 | | | | 3.7 | | | | 3.2 | | | | 3.5 | | | | 2.4 | | | | 2.2 | |