EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 PSNH - 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-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






Public Service Company of New Hampshire 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

$

 32,045 

 

$

 113,944 

 

$

 111,397 

 

$

 96,882 

 

$

 100,267 

 

$

 90,067 

 

Income tax expense

 

 20,276 

 

 

 72,135 

 

 

 71,101 

 

 

 60,993 

 

 

 49,945 

 

 

 50,801 

 

Equity in earnings of regional nuclear

  generating companies

 

 (1)

 

 

 (8)

 

 

 (12)

 

 

 (8)

 

 

 (7)

 

 

 (23)

 

Dividends received from regional equity investees

 

 -   

 

 

 -   

 

 

 42 

 

 

 -   

 

 

 -   

 

 

 80 

 

Fixed charges, as below

 

 11,559 

 

 

 46,530 

 

 

 47,318 

 

 

 52,769 

 

 

 52,111 

 

 

 54,721 

 

Less: Interest capitalized (including AFUDC)

 

 (152)

 

 

 (640)

 

 

 (500)

 

 

 (1,579)

 

 

 (7,064)

 

 

 (6,621)

Total earnings, as defined

$

 63,727 

 

$

 231,961 

 

$

 229,346 

 

$

 209,057 

 

$

 195,252 

 

$

 189,025 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt (a)

$

 11,399 

 

$

 45,116 

 

$

 44,370 

 

$

 46,228 

 

$

 36,832 

 

$

 36,220 

 

Interest on rate reduction bonds

 

 -   

 

 

 -   

 

 

 (154)

 

 

 2,687 

 

 

 6,276 

 

 

 9,660 

 

Other interest (b)

 

 (127)

 

 

 233 

 

 

 1,960 

 

 

 1,313 

 

 

 1,039 

 

 

 1,187 

 

Rental interest factor

 

 135 

 

 

 541 

 

 

 642 

 

 

 962 

 

 

 900 

 

 

 1,033 

 

Interest capitalized (including AFUDC)

 

 152 

 

 

 640 

 

 

 500 

 

 

 1,579 

 

 

 7,064 

 

 

 6,621 

Total fixed charges, as defined

$

 11,559 

 

$

 46,530 

 

$

 47,318 

 

$

 52,769 

 

$

 52,111 

 

$

 54,721 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 5.51 

 

 

 4.99 

 

 

 4.85 

 

 

 3.96 

 

 

 3.75 

 

 

 3.45 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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