Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICE CO.
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 | $ | 56,863 | $ | 126,933 | $ | 108,245 | $ | 55,769 | $ | 55,596 | $ | 76,040 | ||||||||||||
Add: Fixed charges | 53,077 | 100,518 | 114,684 | 74,525 | 57,247 | 56,849 | ||||||||||||||||||
Earnings as defined | $ | 109,940 | $ | 227,451 | $ | 222,929 | $ | 127,294 | $ | 112,843 | $ | 132,889 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest charges | $ | 31,866 | $ | 63,912 | $ | 71,688 | $ | 61,090 | $ | 55,261 | $ | 55,739 | ||||||||||||
Interest component of operating leases | 21,211 | 36,606 | 42,996 | 13,435 | 1,986 | 1,110 | ||||||||||||||||||
Total fixed charges | $ | 53,077 | $ | 100,518 | $ | 114,684 | $ | 74,525 | $ | 57,247 | $ | 56,849 | ||||||||||||
Ratio of earnings to fixed charges | 2.1 | 2.3 | 1.9 | 1.7 | 2.0 | 2.3 |