EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 NU - August 1, 2014

Attached files

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EX-31 - EXHIBIT 31 CL&P - EVERSOURCE ENERGYexh31clp.htm
EX-12 - EXHIBIT 12 CL&P - EVERSOURCE ENERGYexh12clp.htm
EX-31.1 - EXHIBIT 31.1 NU - EVERSOURCE ENERGYexh311nu.htm
EX-32 - EXHIBIT 32 NU - EVERSOURCE ENERGYexh32nu.htm
EX-32 - EXHIBIT 32 NSTAR ELECTRIC - EVERSOURCE ENERGYexh32nstar.htm
EX-12 - EXHIBIT 12 NSTAR ELECTRIC - EVERSOURCE ENERGYexh12nstarelectric.htm
EX-31 - EXHIBIT 31 NSTAR ELECTRIC - EVERSOURCE ENERGYexh31nstar.htm
EX-12 - EXHIBIT 12 PSNH - EVERSOURCE ENERGYexh12psnh.htm
EX-31.1 - EXHIBIT 31.1 NSTAR ELECTRIC - EVERSOURCE ENERGYexh311nstar.htm
EX-31 - EXHIBIT 31 NU - EVERSOURCE ENERGYexh31nu.htm
EX-32 - EXHIBIT 32 CL&P - EVERSOURCE ENERGYexh32clp.htm
EXCEL - IDEA: XBRL DOCUMENT - EVERSOURCE ENERGYFinancial_Report.xls
EX-31.1 - EXHIBIT 31.1 PSNH - EVERSOURCE ENERGYexh311psnh.htm
EX-32 - EXHIBIT 32 PSNH - EVERSOURCE ENERGYexh32psnh.htm
EX-31.1 - EXHIBIT 31.1 WMECO - EVERSOURCE ENERGYexh311wmeco.htm
EX-12 - EXHIBIT 12 WMECO - EVERSOURCE ENERGYexh12wmeco.htm
EX-31 - EXHIBIT 31 PSNH - EVERSOURCE ENERGYexh31psnh.htm
EX-31 - EXHIBIT 31 WMECO - EVERSOURCE ENERGYexh31wmeco.htm
EX-32 - EXHIBIT 32 WMECO - EVERSOURCE ENERGYexh32wmeco.htm
10-Q - JUNE 30, 2014 FORM 10-Q - EVERSOURCE ENERGYjune2014form10q.htm
EX-31.1 - EXHIBIT 31.1 CL&P - EVERSOURCE ENERGYexh311clp.htm





Northeast Utilities and Subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

For the Years Ended December 31,

(Thousands of Dollars)

2014

 

2013

 

2012 (a)

 

2011

 

2010

 

2009 

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Net income

$ 

 367,083 

 

$ 

 793,689 

 

$ 

 533,077 

 

$ 

 400,513 

 

$ 

394,107 

 

$ 

 335,592 

   Income tax expense

 

 219,319 

 

 

 426,941 

 

 

 274,926 

 

 

 170,953 

 

 

210,409 

 

 

 179,947 

   Equity in earnings of regional nuclear

     generating and transmission companies

 

 (15)

 

 

 (1,318)

 

 

 (1,154)

 

 

 (671)

 

 

(1,429)

 

 

 (1,762)

   Dividends received from regional equity investees

 

 - 

 

 

 582 

 

 

 733 

 

 

 940 

 

 

1,488 

 

 

 3,794 

   Fixed charges, as below

 

 193,927 

 

 

362,403 

 

 

353,616 

 

 

275,948 

 

 

 263,393 

 

 

 296,764 

   Less: Interest capitalized (including AFUDC)

 

 (1,771)

 

 

(4,062)

 

 

(5,261)

 

 

(11,758)

 

 

 (10,165)

 

 

 (5,929)

   Preferred dividend security requirements of

     consolidated subsidiaries

 

 (6,265)

 

 

(12,803)

 

 

(11,715)

 

 

(9,265)

 

 

 (10,170)

 

 

 (9,265)

 Total earnings, as defined

$ 

 772,278 

 

$ 

 1,565,432 

 

$ 

 1,144,222 

 

$ 

826,660 

 

$ 

 847,633 

 

$ 

 799,141 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (b)

$ 

 174,868 

 

$ 

 340,970 

 

$ 

 316,987 

 

$ 

 231,630 

 

$ 

231,089 

 

$ 

 224,712 

   Interest on rate reduction bonds

 

 - 

 

 

 422 

 

 

 6,168 

 

 

 8,611 

 

 

20,573 

 

 

 36,524 

   Other interest (c)

 

 7,603 

 

 

 (2,693)

 

 

 6,790 

 

 

 10,184 

 

 

(14,371)

 

 

 12,401 

   Rental interest factor

 

 3,420 

 

 

 6,839 

 

 

 6,695 

 

 

 4,500 

 

 

5,767 

 

 

 7,933 

 Preferred dividend security requirements of

  consolidated subsidiaries

 

 6,265 

 

 

 12,803 

 

 

 11,715 

 

 

 9,265 

 

 

10,170 

 

 

 9,265 

   Interest capitalized (including AFUDC)

 

 1,771 

 

 

 4,062 

 

 

 5,261 

 

 

 11,758 

 

 

10,165 

 

 

 5,929 

 Total fixed charges, as defined

$ 

 193,927 

 

$ 

 362,403 

 

$ 

 353,616 

 

$ 

275,948 

 

$ 

 263,393 

 

$ 

 296,764 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 3.98 

 

 

 4.32 

 

 

 3.24 

 

 

 3.00 

 

 

 3.22 

 

 

 2.69 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) NSTAR amounts were included in NU beginning April 10, 2012.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(c) For all periods presented, other interest includes interest related to accounting for uncertain tax positions.




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