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

Attached files

file filename
EX-31 - EXHIBIT 31 CL&P - EVERSOURCE ENERGYexhibit31clp.htm
EX-12 - EXHIBIT 12 CL&P - EVERSOURCE ENERGYexhibit12clp.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






Eversource Energy and Subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 (a)

 

2011

 

2010 

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 255,133 

 

$

 827,065 

 

$

 793,689 

 

$

 533,077 

 

$

 400,513 

 

$

394,107 

 

Income tax expense

 

 153,226 

 

 

 468,297 

 

 

 426,941 

 

 

 274,926 

 

 

 170,953 

 

 

210,409 

 

Equity in earnings of regional nuclear
  generating and transmission companies

 

 (296)

 

 

 (1,044)

 

 

 (1,318)

 

 

 (1,154)

 

 

 (671)

 

 

(1,429)

 

Dividends received from regional equity investees

 

 - 

 

 

 - 

 

 

 582 

 

 

 733 

 

 

 940 

 

 

1,488 

 

Fixed charges, as below

 

 100,863 

 

 

386,451 

 

 

362,403 

 

 

353,616 

 

 

275,948 

 

 

 263,393 

 

Less: Interest capitalized (including AFUDC)

 

 (1,375)

 

 

(5,766)

 

 

(4,062)

 

 

(5,261)

 

 

(11,758)

 

 

 (10,165)

 

Preferred dividend security requirements of
  consolidated subsidiaries

 

 (3,133)

 

 

(12,532)

 

 

(12,803)

 

 

(11,715)

 

 

(9,265)

 

 

 (10,170)

Total earnings, as defined

$

 504,418 

 

$

 1,662,471 

 

$

 1,565,432 

 

$

1,144,222 

 

$

 826,660 

 

$

 847,633 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt (b)

$

 87,714 

 

$

 345,001 

 

$

 340,970 

 

$

 316,987 

 

$

 231,630 

 

$

231,089 

 

Interest on rate reduction bonds

 

 - 

 

 

 - 

 

 

 422 

 

 

 6,168 

 

 

 8,611 

 

 

20,573 

 

Other interest (c)

 

 7,129 

 

 

 17,105 

 

 

 (2,693)

 

 

 6,790 

 

 

 10,184 

 

 

(14,371)

 

Rental interest factor

 

 1,512 

 

 

 6,047 

 

 

 6,839 

 

 

 6,695 

 

 

 4,500 

 

 

5,767 

 

Preferred dividend security requirements of
  consolidated subsidiaries

 

 3,133 

 

 

 12,532 

 

 

 12,803 

 

 

 11,715 

 

 

 9,265 

 

 

10,170 

 

Interest capitalized (including AFUDC)

 

 1,375 

 

 

 5,766 

 

 

 4,062 

 

 

 5,261 

 

 

 11,758 

 

 

10,165 

Total fixed charges, as defined

$

 100,863 

 

$

 386,451 

 

$

 362,403 

 

$

353,616 

 

$

 275,948 

 

$

 263,393 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 5.00 

 

 

 4.30 

 

 

 4.32 

 

 

 3.24 

 

 

 3.00 

 

 

 3.22 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) NSTAR amounts were included in ES 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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