EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 WMECO - 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-12 - EXHIBIT 12 CL&P - EVERSOURCE ENERGYexhibit12clp.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 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






Western Massachusetts Electric 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

$

 39,785 

 

$

 60,438 

 

$

 54,503 

 

$

 43,054 

 

$

 23,090 

 

$

 26,196 

   Income tax expense

 

 26,596 

 

 

 37,368 

 

 

 32,140 

 

 

 23,186 

 

 

 16,325 

 

 

 14,923 

   Equity in earnings of regional nuclear

     generating companies

 

 (6)

 

 

 (18)

 

 

 (11)

 

 

 (4)

 

 

 (36)

 

 

 (78)

   Dividends received from regional equity investees

 

 - 

 

 

 80 

 

 

 - 

 

 

 - 

 

 

 120 

 

 

 419 

   Fixed charges, as below

 

 20,276 

 

 

 26,316 

 

 

 28,162 

 

 

 25,079 

 

 

 23,042 

 

 

 20,614 

   Less: Interest capitalized (including AFUDC)

 

 (622)

 

 

 (498)

 

 

 (534)

 

 

 (534)

 

 

 (336)

 

 

 (195)

 Total earnings, as defined

$

 86,029 

 

$

 123,686 

 

$

 114,260 

 

$

 90,781 

 

$

 62,205 

 

$

 61,879 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (a)

$

 18,195 

 

$

 23,625 

 

$

 23,462 

 

$

 20,023 

 

$

 17,988 

 

$

 14,074 

   Interest on rate reduction bonds

 

 - 

 

 

 177 

 

 

 1,229 

 

 

 2,335 

 

 

 3,372 

 

 

 4,335 

   Other interest (b)

 

 734 

 

 

 1,049 

 

 

 1,943 

 

 

 1,254 

 

 

 479 

 

 

 877 

   Rental interest factor

 

 725 

 

 

 967 

 

 

 994 

 

 

 933 

 

 

 867 

 

 

 1,133 

   Interest capitalized (including AFUDC)

 

 622 

 

 

 498 

 

 

 534 

 

 

 534 

 

 

 336 

 

 

 195 

 Total fixed charges, as defined

$

 20,276 

 

$

 26,316 

 

$

 28,162 

 

$

 25,079 

 

$

 23,042 

 

$

 20,614 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 4.24 

 

 

 4.70 

 

 

 4.06 

 

 

 3.62 

 

 

 2.70 

 

 

 3.00 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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













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