EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 NSTAR ELECTRIC - 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-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-31.1 - EXHIBIT 31.1 PSNH - EVERSOURCE ENERGYexhibit311psnh.htm






NSTAR Electric Company and Subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

$

 83,561 

 

$

 303,088 

 

$

 268,546 

 

$

 190,242 

 

$

252,494 

 

$

 248,575 

 

Income tax expense

 

 56,130 

 

 

 201,981 

 

 

 172,866 

 

 

 123,966 

 

 

165,686 

 

 

 162,020 

 

Equity in earnings of regional nuclear

   generating and transmission companies

 

 (114)

 

 

 (408)

 

 

 (550)

 

 

 (412)

 

 

(501)

 

 

 (836)

 

Dividends received from regional equity investees

 

 - 

 

 

 - 

 

 

 344 

 

 

 286 

 

 

676 

 

 

 669 

 

Fixed charges, as below

 

 21,518 

 

 

82,503 

 

 

73,115 

 

 

72,364 

 

 

76,219 

 

 

77,902 

 

Less: Interest capitalized (including AFUDC)

 

 (422)

 

 

(2,027)

 

 

(511)

 

 

(259)

 

 

(185)

 

 

(108)

Total earnings, as defined

$

 160,673 

 

$

 585,137 

 

$

 513,810 

 

$

386,187 

 

$

 494,389 

 

$

 488,222 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt (a)

$

 18,645 

 

$

 77,140 

 

$

 79,088 

 

$

 87,100 

 

$

90,040 

 

$

 90,630 

 

Interest on rate reduction bonds

 

 - 

 

 

 - 

 

 

 399 

 

 

 3,585 

 

 

7,226 

 

 

 11,235 

 

Other interest (b)

 

 1,801 

 

 

 738 

 

 

 (9,104)

 

 

 (20,631)

 

 

(27,839)

 

 

 (30,475)

 

Rental interest factor

 

 650 

 

 

 2,598 

 

 

 2,221 

 

 

 2,051 

 

 

6,607 

 

 

 6,404 

 

Interest capitalized (including AFUDC)

 

 422 

 

 

 2,027 

 

 

 511 

 

 

 259 

 

 

185 

 

 

 108 

Total fixed charges, as defined

$

 21,518 

 

$

 82,503 

 

$

 73,115 

 

$

72,364 

 

$

 76,219 

 

$

 77,902 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 7.47 

 

 

 7.09 

 

 

 7.03 

 

 

 5.34 

 

 

 6.49 

 

 

 6.27 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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













Stock widget

Investing forum

EVERSOURCE ENERGY Reports