EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 CL&P - May 6, 2015

Attached files

file filename
EX-12 - EXHIBIT 12 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit12es.htm
EX-31 - EXHIBIT 31 CL&P - EVERSOURCE ENERGYexhibit31clp.htm
EX-32 - EXHIBIT 32 CL&P - EVERSOURCE ENERGYexhibit32clp.htm
EX-31.1 - EXHIBIT 31.1 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit311es.htm
EX-31 - EXHIBIT 31 PSNH - EVERSOURCE ENERGYexhibit31psnh.htm
EX-12 - EXHIBIT 12 PSNH - EVERSOURCE ENERGYexhibit12psnh.htm
EX-31.1 - EXHIBIT 31.1 CL&P - EVERSOURCE ENERGYexhibit311clp.htm
EX-32 - EXHIBIT 32 PSNH - EVERSOURCE ENERGYexhibit32psnh.htm
EX-12 - EXHIBIT 12 WMECO - EVERSOURCE ENERGYexhibit12wmeco.htm
EX-32 - EXHIBIT 32 WMECO - EVERSOURCE ENERGYexhibit32wmeco.htm
EX-31 - EXHIBIT 31 WMECO - EVERSOURCE ENERGYexhibit31wmeco.htm
EX-31.1 - EXHIBIT 31.1 WMECO - EVERSOURCE ENERGYexhibit311wmeco.htm
EX-32 - EXHIBIT 32 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit32nstarelectric.htm
EX-31 - EXHIBIT 31 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit31nstarelectric.htm
EX-31.1 - EXHIBIT 31.1 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit311nstarelectric.htm
EX-3.1 - EXHIBIT 3.1 DECLARATION OF TRUST - EVERSOURCE ENERGYrestateddecloftrust.htm
EXCEL - IDEA: XBRL DOCUMENT - EVERSOURCE ENERGYFinancial_Report.xls
10-Q - MARCH 31, 2015 FORM 10-Q - EVERSOURCE ENERGYmarch2015form10qedgar.htm
EX-32 - EXHIBIT 32 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit32es.htm
EX-31 - EXHIBIT 31 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit31es.htm
EX-12 - EXHIBIT 12 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit12nstar.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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

For the Years Ended December 31,

(Thousands of Dollars)

2015

 

2014

 

2013

 

2012

 

2011

 

2010

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 69,234 

 

$

 287,754 

 

$

 279,412 

 

$

 209,725 

 

$

 250,164 

 

$

 244,143 

 

Income tax expense

 

 38,147 

 

 

 133,451 

 

 

 141,663 

 

 

 94,437 

 

 

 90,033 

 

 

 132,438 

 

Equity in earnings of regional nuclear

  generating companies

 

 (6)

 

 

 (32)

 

 

 (67)

 

 

 (40)

 

 

 (16)

 

 

 (134)

 

Dividends received from regional equity investees

 

 -   

 

 

 -   

 

 

 289 

 

 

 -   

 

 

 -   

 

 

 440 

 

Fixed charges, as below

 

 37,881 

 

 

 152,513 

 

 

 139,929 

 

 

 139,982 

 

 

 140,311 

 

 

 145,297 

 

Less: Interest capitalized (including AFUDC)

 

 (451)

 

 

 (1,867)

 

 

 (2,249)

 

 

 (2,456)

 

 

 (3,317)

 

 

 (2,726)

Total earnings, as defined

$

 144,805 

 

$

 571,819 

 

$

 558,977 

 

$

 441,648 

 

$

 477,175 

 

$

 519,458 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt (a)

$

 33,482 

 

$

 135,656 

 

$

 130,620 

 

$

 124,894 

 

$

 131,918 

 

$

 134,553 

 

Interest on rate reduction bonds

 

 -   

 

 

 -   

 

 

 -   

 

 

 -   

 

 

 -   

 

 

 7,542 

 

Other interest (b)

 

 3,142 

 

 

 11,765 

 

 

 3,030 

 

 

 8,233 

 

 

 809 

 

 

 (4,357)

 

Rental interest factor

 

 806 

 

 

 3,225 

 

 

 4,030 

 

 

 4,399 

 

 

 4,267 

 

 

 4,833 

 

Interest capitalized (including AFUDC)

 

 451 

 

 

 1,867 

 

 

 2,249 

 

 

 2,456 

 

 

 3,317 

 

 

 2,726 

Total fixed charges, as defined

$

 37,881 

 

$

 152,513 

 

$

 139,929 

 

$

 139,982 

 

$

 140,311 

 

$

 145,297 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 3.82 

 

 

 3.75 

 

 

 3.99 

 

 

 3.16 

 

 

 3.40 

 

 

 3.58 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 and 2010, other interest includes interest related to accounting for uncertain tax positions.













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