Attached files
NSTAR Electric Company |
| Exhibit 12 |
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Ratio of Earnings to Fixed Charges |
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(Unaudited) |
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(Thousands of Dollars) |
| Six Months |
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| Ended |
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| June 30, 2012 |
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Earnings, as defined: |
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Net income | $ | 49,422 |
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Income tax expense |
| 32,847 |
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Equity in earnings of regional nuclear |
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generating companies |
| (199) |
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Dividends received from regional equity investees |
| 264 |
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Fixed charges, as below |
| 38,519 |
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Less: Interest capitalized (including AFUDC) |
| 171 |
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Total earnings, as defined | $ | 121,024 |
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Fixed charges, as defined: |
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Interest on long-term debt (a) | $ | 44,567 |
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Interest on rate reduction bonds |
| 2,253 |
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Other interest |
| (11,433) |
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Rental interest factor |
| 3,303 |
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Interest capitalized (including AFUDC) |
| (171) |
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Total fixed charges, as defined | $ | 38,519 |
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Ratio of Earnings to Fixed Charges |
| 3.14 |
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(a) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness. | |||
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