CONNECTICUT LIGHT & POWER CO - FORM 10-K - EX-12 - EXHIBIT 12 CL&P - February 26, 2010

Attached files

file filename
10-K - FORM 10-K - CONNECTICUT LIGHT & POWER COf2009form10k.htm
EX-23 - EXHIBIT 23 - CONNECTICUT LIGHT & POWER COexhibit23.htm
EX-10 - EXHIBIT 10.3 - CONNECTICUT LIGHT & POWER COexhibit103.htm
EX-10 - EXHIBIT 10.14 - CONNECTICUT LIGHT & POWER COexhibit1014.htm
EX-32 - NU EXHIBIT 32 - CONNECTICUT LIGHT & POWER COnuexhibit32.htm
EX-12 - EXHIBIT 12 NU - CONNECTICUT LIGHT & POWER COexhibit12nu.htm
EX-32 - CL&P EXHIBIT 32 - CONNECTICUT LIGHT & POWER COclpexhibit32.htm
EX-32 - PSNH EXHIBIT 32 - CONNECTICUT LIGHT & POWER COpsnhexhibit32.htm
EX-12 - EXHIBIT 12 PSNH - CONNECTICUT LIGHT & POWER COexhibit12psnh.htm
EX-12 - EXHIBIT 12 WMECO - CONNECTICUT LIGHT & POWER COexhibit12wmeco.htm
EX-32 - WMECO EXHIBIT 32 - CONNECTICUT LIGHT & POWER COwmecoexhibit32.htm
EX-31.1 - NU EXHIBIT 31.1 - CONNECTICUT LIGHT & POWER COnuexhibit311mchale.htm
EX-31 - NU EXHIBIT 31 - CONNECTICUT LIGHT & POWER COnuexhibit31shivery.htm
EX-31 - CL&P EXHIBIT 31 - CONNECTICUT LIGHT & POWER COclpexhibit31olivier.htm
EX-31.1 - CL&P EXHIBIT 31.1 - CONNECTICUT LIGHT & POWER COclpexhibit311mchale.htm
EX-31 - PSNH EXHIBIT 31 - CONNECTICUT LIGHT & POWER COpsnhexhibit31olivier.htm
EX-31.1 - PSNH EXHIBIT 31.1 - CONNECTICUT LIGHT & POWER COpsnhexhibit311mchale.htm
EX-31 - WMECO EXHIBIT 31 - CONNECTICUT LIGHT & POWER COwmecoexhibit31olivier.htm
EX-21 - EXHIBIT 21 - CONNECTICUT LIGHT & POWER COex21subsoftheregistrant.htm
EX-31.1 - WMECO EXHIBIT 31.1 - CONNECTICUT LIGHT & POWER COwmecoexhibit311mchale.htm




The Connecticut Light and Power Company

 

 

 

 

 

 

 

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Thousands of Dollars)

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2009

 

2008

 

2007

 

2006

 

2005

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 Net income

$

216,316 

$

191,158 

$

133,564 

$

200,007 

$

94,845 

   Income tax expense/(benefit)

 

118,847 

 

77,852 

 

52,353 

 

 (43,961)

 

32,174 

   Equity in (earnings)/losses of regional nuclear

 

 

 

 

 

 

 

 

 

 

     generating companies

 

(282)

 

 (366)

 

 (1,901)

 

854 

 

 (1,153)

   Dividends received from regional equity investees

 

1,520 

 

- 

 

2,596 

 

1,407 

 

412 

   Fixed charges, as below

 

163,887 

 

165,170 

 

155,557 

 

131,923 

 

133,321 

   Less: Interest capitalized (including AFUDC)

 

(2,203)

 

 (12,991)

 

 (10,924)

 

 (6,610)

 

 (6,719)

 Total earnings, as defined

$

498,085 

$

420,823 

$

331,245 

$

283,620 

$

252,880 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (a)

$

133,422 

$

104,954 

$

84,292 

$

64,873 

$

59,019 

   Interest on rate reduction bonds

 

19,061 

 

29,129 

 

37,728 

 

46,692 

 

55,796 

   Other interest (b)

 

3,334 

 

12,163 

 

16,413 

 

6,281 

 

5,220 

   Rental interest factor

 

5,867 

 

5,933 

 

6,200 

 

7,467 

 

6,567 

   Interest capitalized (including AFUDC)

 

2,203 

 

12,991 

 

10,924 

 

6,610 

 

6,719 

 Total fixed charges, as defined

$

163,887 

$

165,170 

$

155,557 

$

131,923 

$

133,321 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

3.04 

 

2.55 

 

2.13 

 

2.15 

 

1.90 

 

 

 

 

 

 

 

 

 

 

 

(a)

Interest on long-term debt amounts include amortized premiums, discounts and capitalized expenses related to indebtedness.

 

 

 

 

 

 

 

 

 

 

 

(b)

For the years ended December 31, 2009, 2008 and 2007, other interest includes interest related to accounting for uncertain tax positions.