EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 CL&P - November 7, 2014

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - EVERSOURCE ENERGYFinancial_Report.xls
EX-32 - EXHIBIT 32 NU - EVERSOURCE ENERGYexhibit32nu.htm
EX-31 - EXHIBIT 31 NU - EVERSOURCE ENERGYexhibit31nu.htm
EX-12 - EXHIBIT 12 NU - EVERSOURCE ENERGYexhibit12nu.htm
EX-31 - EXHIBIT 31 CL&P - EVERSOURCE ENERGYexhibit31clp.htm
EX-31.1 - EXHIBIT 31.1 NU - EVERSOURCE ENERGYexhibit311nu.htm
EX-32 - EXHIBIT 32 CL&P - EVERSOURCE ENERGYexhibit32clp.htm
EX-12 - EXHIBIT 12 PSNH - EVERSOURCE ENERGYexhibit12psnh.htm
EX-31 - EXHIBIT 31 PSNH - EVERSOURCE ENERGYexhibit31psnh.htm
EX-32 - EXHIBIT 32 PSNH - EVERSOURCE ENERGYexhibit32psnh.htm
EX-31.1 - EXHIBIT 31.1 CL&P - EVERSOURCE ENERGYexhibit311clp.htm
EX-32 - EXHIBIT 32 WMECO - EVERSOURCE ENERGYexhibit32wmeco.htm
EX-31 - EXHIBIT 31 WMECO - EVERSOURCE ENERGYexhibit31wmeco.htm
EX-12 - EXHIBIT 12 WMECO - EVERSOURCE ENERGYexhibit12wmeco.htm
EX-12 - EXHIBIT 12 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit12nstar.htm
EX-31.1 - EXHIBIT 31.1 WMECO - EVERSOURCE ENERGYexhibit311wmeco.htm
EX-31.1 - EXHIBIT 31.1 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit311nstarelectric.htm
EX-3.1 - EXHIBIT 3.1 WMECO BY-LAWS - EVERSOURCE ENERGYexhibit31wmecobylaws.htm
EX-3.1 - EXHIBIT 3.1 PSNH BY-LAWS - EVERSOURCE ENERGYexhibit31psnhbylaws.htm
EX-32 - EXHIBIT 32 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit32nstarelectric.htm
EX-31 - EXHIBIT 31 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit31nstarelectric.htm
10-Q - SEPTEMBER 30, 2014 FORM 10-Q - EVERSOURCE ENERGYseptember302014form10qedgar.htm
EX-31.1 - EXHIBIT 31.1 PSNH - EVERSOURCE ENERGYexhibit311psnh.htm






The Connecticut Light and Power Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

For the Years Ended December 31,

(Thousands of Dollars)

2014

 

2013

 

2012

 

2011

 

2010

 

2009 

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Net income

$

 200,560 

 

$

 279,412 

 

$

 209,725 

 

$

 250,164 

 

$

 244,143 

 

$

 216,316 

   Income tax expense

 

 95,980 

 

 

 141,663 

 

 

 94,437 

 

 

 90,033 

 

 

 132,438 

 

 

 118,847 

   Equity in earnings of regional nuclear

     generating companies

 

 (22)

 

 

 (67)

 

 

 (40)

 

 

 (16)

 

 

 (134)

 

 

 (282)

   Dividends received from regional equity investees

 

 - 

 

 

 289 

 

 

 - 

 

 

 - 

 

 

 440 

 

 

 1,520 

   Fixed charges, as below

 

 114,770 

 

 

 139,929 

 

 

 139,982 

 

 

 140,311 

 

 

 145,297 

 

 

 163,887 

   Less: Interest capitalized (including AFUDC)

 

 (1,299)

 

 

 (2,249)

 

 

 (2,456)

 

 

 (3,317)

 

 

 (2,726)

 

 

 (2,203)

 Total earnings, as defined

$

 409,989 

 

$

 558,977 

 

$

 441,648 

 

$

 477,175 

 

$

 519,458 

 

$

 498,085 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (a)

$

 102,290 

 

$

 130,620 

 

$

 124,894 

 

$

 131,918 

 

$

 134,553 

 

$

 133,422 

   Interest on rate reduction bonds

 

 - 

 

 

 - 

 

 

 - 

 

 

 - 

 

 

 7,542 

 

 

 19,061 

   Other interest (b)

 

 8,158 

 

 

 3,030 

 

 

 8,233 

 

 

 809 

 

 

 (4,357)

 

 

 3,334 

   Rental interest factor

 

 3,023 

 

 

 4,030 

 

 

 4,399 

 

 

 4,267 

 

 

 4,833 

 

 

 5,867 

   Interest capitalized (including AFUDC)

 

 1,299 

 

 

 2,249 

 

 

 2,456 

 

 

 3,317 

 

 

 2,726 

 

 

 2,203 

 Total fixed charges, as defined

$

 114,770 

 

$

 139,929 

 

$

 139,982 

 

$

 140,311 

 

$

 145,297 

 

$

 163,887 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 3.57 

 

 

 3.99 

 

 

 3.16 

 

 

 3.40 

 

 

 3.58 

 

 

 3.04 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b) For the years ended December 31, 2013, 2012, 2011, 2010 and 2009, other interest includes interest related to accounting for uncertain tax positions.













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