NSTAR ELECTRIC CO - FORM 10-Q - EX-12 - EXHIBIT 12 PSNH - August 7, 2012

Attached files

file filename
10-Q - FORM 10-Q - NSTAR ELECTRIC COf2q12edgar.htm
EX-10.1 - EXHIBIT 10.1 - NSTAR ELECTRIC COexh101.htm
EX-31 - EXHIBIT 31 NU - NSTAR ELECTRIC COexh31nu.htm
EX-12 - EXHIBIT 12 NU - NSTAR ELECTRIC COexh12nu.htm
EX-32 - EXHIBIT 32 NU - NSTAR ELECTRIC COexh32nu.htm
EX-12 - EXHIBIT 12 CL&P - NSTAR ELECTRIC COexh12clp.htm
EX-31.1 - EXHIBIT 31.1 NU - NSTAR ELECTRIC COexh311nu.htm
EX-31 - EXHIBIT 31 CL&P - NSTAR ELECTRIC COexh31clp.htm
EX-32 - EXHIBIT 32 PSNH - NSTAR ELECTRIC COexh32psnh.htm
EX-31 - EXHIBIT 31 PSNH - NSTAR ELECTRIC COexh31psnh.htm
EX-32 - EXHIBIT 32 WMECO - NSTAR ELECTRIC COexh32wmeco.htm
EX-12 - EXHIBIT 12 NSTAR - NSTAR ELECTRIC COexh12nstar.htm
EX-12 - EXHIBIT 12 WMECO - NSTAR ELECTRIC COexh12wmeco.htm
EX-31 - EXHIBIT 31 NSTAR - NSTAR ELECTRIC COexh31nstar.htm
EX-32 - EXHIBIT 32 CL&P - NSTAR ELECTRIC COexhibit32clp.htm
EX-31.1 - EXHIBIT 31.1 CL&P - NSTAR ELECTRIC COexhibit311clp.htm
EX-31 - EXHIBIT 31 WMECO - NSTAR ELECTRIC COexhibit31wmeco.htm
EX-32 - EXHIBIT 32 NSTAR - NSTAR ELECTRIC COexhibit32nstar.htm
EX-31.1 - EXHIBIT 3.1.1 PSNH - NSTAR ELECTRIC COexhibit311psnh.htm
EX-31.1 - EXHIBIT 31.1 WMECO - NSTAR ELECTRIC COexhibit311wmeco.htm
EX-31.1 - EXHIBIT 31.1 NSTAR - NSTAR ELECTRIC COexhibit311nstar.htm







Public Service Company of New Hampshire

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Thousands of Dollars)

 

Six Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

For the Years Ended December 31,

 

 

June 30, 2012

 

 

2011

 

 

2010

 

 

2009

 

 

2008

 

 

2007 

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Net income

$

 42,494 

 

$

 100,267 

 

$

 90,067 

 

$

 65,570 

 

$

 58,067 

 

$

 54,434 

   Income tax expense

 

 26,931 

 

 

 49,945 

 

 

 50,801 

 

 

 31,990 

 

 

 21,996 

 

 

 22,794 

   Equity in earnings of regional nuclear

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     generating companies

 

 (4)

 

 

 (7)

 

 

 (23)

 

 

 (50)

 

 

 (62)

 

 

 (343)

   Dividends received from regional equity investees

 

 - 

 

 

 - 

 

 

 80 

 

 

 220 

 

 

 - 

 

 

 521 

   Fixed charges, as below

 

 26,838 

 

 

 52,111 

 

 

 54,721 

 

 

 51,227 

 

 

 54,597 

 

 

 50,637 

   Less: Interest capitalized (including AFUDC)

 

 (791)

 

 

 (7,064)

 

 

 (6,621)

 

 

 (3,138)

 

 

 (2,967)

 

 

 (2,985)

Total earnings, as defined

$

 95,468 

 

$

 195,252 

 

$

 189,025 

 

$

 145,819 

 

$

 131,631 

 

$

 125,058 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (a)

$

 23,103 

 

$

 36,832 

 

$

 36,220 

 

$

 33,045 

 

$

 32,655 

 

$

 26,029 

   Interest on rate reduction bonds

 

 1,802 

 

 

 6,276 

 

 

 9,660 

 

 

 13,128 

 

 

 15,969 

 

 

 18,013 

   Other interest (b)

 

 692 

 

 

 1,039 

 

 

 1,187 

 

 

 316 

 

 

 1,539 

 

 

 2,243 

   Rental interest factor

 

 450 

 

 

 900 

 

 

 1,033 

 

 

 1,600 

 

 

 1,467 

 

 

 1,367 

   Interest capitalized (including AFUDC)

 

 791 

 

 

 7,064 

 

 

 6,621 

 

 

 3,138 

 

 

 2,967 

 

 

 2,985 

Total fixed charges, as defined

$

 26,838 

 

$

 52,111 

 

$

 54,721 

 

$

 51,227 

 

$

 54,597 

 

$

 50,637 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 3.56 

 

 

 3.75 

 

 

 3.45 

 

 

 2.85 

 

 

 2.41 

 

 

 2.47 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b) For the years ended December 31, 2011, 2010 and 2009, other interest includes interest related to accounting for uncertain tax positions.













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