CONNECTICUT LIGHT & POWER CO - FORM 10-K - EX-12 - EXHIBIT 12 NU - 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-32 - CL&P EXHIBIT 32 - CONNECTICUT LIGHT & POWER COclpexhibit32.htm
EX-12 - EXHIBIT 12 CL&P - CONNECTICUT LIGHT & POWER COexhibit12clp.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




Northeast Utilities

 

 

 

 

 

 

 

 

 

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/(loss) from continuing operations before

 

 

 

 

 

 

 

 

 

 

 

    cumulative effect of accounting change

$

335,592 

$

266,387 

$

251,455 

$

138,495 

$

(251,344)

 

   Income tax expense/(benefit)

 

179,947 

 

105,661 

 

109,420 

 

(76,326)

 

(184,862)

 

   Equity in earnings of regional nuclear

 

 

 

 

 

 

 

 

 

 

 

     generating and transmission companies

 

(1,762)

 

(1,637)

 

(3,983)

 

(334)

 

(3,311)

 

   Dividends received from regional equity investees

 

3,794 

 

1,017 

 

4,542 

 

2,145 

 

687 

 

   Fixed charges, as below

 

296,764 

 

304,374 

 

275,611 

 

267,243 

 

265,046 

 

   Less: Interest capitalized (including AFUDC)

 

(5,929)

 

(17,797)

 

(17,568)

 

(14,482)

 

(10,463)

 

   Preferred dividend security requirements of

 

 

 

 

 

 

 

 

 

 

 

     consolidated subsidiaries

 

(9,265)

 

(9,265)

 

(9,265)

 

(9,265)

 

(9,265)

 

 Total earnings/(loss), as defined

$

799,141 

$

648,740 

$

610,212 

$

307,476 

$

(193,512)

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (a)

$

224,712 

$

193,883 

$

162,841 

$

141,579 

$

131,870 

 

   Interest on rate reduction bonds

 

36,524 

 

50,231 

 

61,580 

 

74,242 

 

87,439 

 

   Other interest (b)

 

12,401 

 

25,031 

 

15,824 

 

22,375 

 

19,276 

 

   Rental interest factor

 

7,933 

 

8,167 

 

8,533 

 

5,300 

 

6,733 

 

   Preferred dividend security requirements of

 

 

 

 

 

 

 

 

 

 

 

     consolidated subsidiaries

 

9,265 

 

9,265 

 

9,265 

 

9,265 

 

9,265 

 

   Interest capitalized (including AFUDC)

 

5,929 

 

17,797 

 

17,568 

 

14,482 

 

10,463 

 

 Total fixed charges, as defined

$

296,764 

$

304,374 

$

275,611 

$

267,243 

$

265,046 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

2.69 

 

2.13 

 

2.21 

 

1.15 

 

(0.73)

(c)

 

 

 

 

 

 

 

 

 

 

 

 


(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.

 

(c)

Consolidated earnings were inadequate to cover fixed charges by $458.6 million for the year ended December 31, 2005.