Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
accurately, aid, antidilutive, APBO, APGI, Appointment, arose, attainment, attestation, barrel, belief, bench, Bouknight, Boyd, brokerage, budgetary, carbon, Charter, collusion, combustion, complex, contrary, COSO, DatesW, DatesWilliam, degree, density, deteriorate, DirectorshipsBill, disaggregate, documentation, drawn, EITF, employed, enterprise, error, exerting, Fant, FAS, Fifty, FIN, Fitch, FitchAaa, freight, FSP, George, handling, Haynsworth, heard, horse, inconsistent, injunction, insufficient, Interior, intrastate, investee, Joseph, judgment, jury, matter, MO, Modernization, monetize, monetized, Mood, nonmonetary, Notwithstanding, Oglethorpe, override, Oxley, Paul, permantly, pertain, phase, pre, prevented, prevention, prospectively, reintroduced, reinvestment, remote, resource, restoration, role, shaft, sharesSee, Sharon, sharp, Simpson, single, Sinkler, spread, stronger, subsidy, substance, tougher, transformer, transmit, Treadway, treated, trial, truck, unauthorized, understanding, Underwood, unjust, verdict, wellhead
Removed:
amendment, amounted, aquifer, Assistant, Bankcorp, bearing, begun, benzene, British, BTU, build, cable, Capitalization, check, consumer, convertible, Correction, counsel, Cubic, deducted, defend, dekatherm, denied, developer, DistributionTransmission, divided, duly, earthquake, equaled, executed, exercised, Exhibit, extreme, Feet, file, Forfeited, hereof, herewith, Identification, improved, individual, interchange, intermediate, Investing, jobbing, Justice, kilowatt, knowledge, KW, LIBOR, lime, Listing, low, Mandatorily, mark, marketability, Midwest, NationsBank, Nondeductible, ordinary, presently, principle, protection, PRP, Qtr, Qualitative, reclassification, reconcile, redeemable, redeemed, referred, Registration, reinforcing, removal, reracking, reset, residual, sampling, SE, Secretary, separately, short, shorter, signature, submission, television, thereunto, thousand, ton, Transcontinental, transit, transitional, unaffiliated, uncollectible, uncommitted, undersigned, Unrecognized, unreduced, unserved, vigorously, vote
Filing tables
Filing exhibits
- 10-K Annual report
- 3.05 Exhibit 3.05
- 12.01 EX-12.01
- 12.02 EX-12.02
- 12.03 EX-12.03
- 23.01 EX-23.01
- 23.02 EX-23.02
- 23.03 EX-23.03
- 24.01 EX-24.01
- 31.01 EX-31.01
- 31.02 EX-31.02
- 31.03 EX-31.03
- 31.04 EX-31.04
- 31.05 EX-31.05
- 31.06 EX-31.06
- 32.01 EX-32.01
- 32.02 EX-32.02
- 32.03 EX-32.03
- 32.04 EX-32.04
- 32.05 EX-32.05
- 32.06 EX-32.06
Related press release
SCG similar filings
Filing view
External links
QuickLinks -- Click here to rapidly navigate through this document
Exhibit 12.03
PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For Each of the Five Years Ended December 31, 2004
(Dollars in Millions)
| Years Ended December 31, | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||
Fixed Charges as defined: | ||||||||||||||||||
Interest on long-term debt | $ | 18.8 | $ | 19.1 | $ | 19.8 | $ | 20.3 | $ | 12.4 | ||||||||
Interest expense | 2.2 | 1.7 | 1.6 | 2.4 | 8.0 | |||||||||||||
Amortization of debt discount | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | |||||||||||||
Interest components on rentals | 0.3 | 0.3 | 0.3 | 0.3 | 0.1 | |||||||||||||
Total Fixed Charges (A) | $ | 21.5 | $ | 21.3 | $ | 22.0 | $ | 23.3 | $ | 20.7 | ||||||||
Earnings as defined: | ||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 38.3 | $ | 50.0 | $ | (193.5 | ) | $ | 32.9 | $ | 45.1 | |||||||
Total fixed charges above | 21.5 | 21.3 | 22.0 | 23.3 | 20.7 | |||||||||||||
Pretax equity earnings of investees | (4.3 | ) | (4.5 | ) | (4.8 | ) | (5.2 | ) | (5.4 | ) | ||||||||
Cash distributions from equity investees | 4.7 | 4.9 | 5.0 | 8.2 | 2.7 | |||||||||||||
Total Earnings (B) | $ | 60.2 | $ | 71.7 | $ | (171.3 | ) | $ | 59.2 | $ | 63.1 | |||||||
Ratio of Earnings to Fixed Charges (B/A) | 2.80 | 3.37 | (7.78 | ) | 2.54 | 3.05 | ||||||||||||
For 2002, an additional $193.2 million in income before income taxes would be needed to obtain a ratio of 1.0. See Note 1G to the consolidated financial statements.
PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES For Each of the Five Years Ended December 31, 2004 (Dollars in Millions)