Attached files
| file | filename |
|---|---|
| 8-K - 8-K - SOUTHWESTERN PUBLIC SERVICE CO | a8-kspsbondofferingsept2015.htm |
| EX-1.01 - EXHIBIT 1.01 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit101sept2015.htm |
| EX-5.02 - EXHIBIT 5.02 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit502sept2015.htm |
| EX-5.03 - EXHIBIT 5.03 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit503sept2015.htm |
| EX-5.01 - EXHIBIT 5.01 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit501sept2015.htm |
Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICES CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
Six Months Ended June 30, 2015 | Year Ended Dec. 31 | ||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||
Pretax income from operations | $ | 66,724 | $ | 205,054 | $ | 148,938 | $ | 168,598 | $ | 145,034 | $ | 126,933 | |||||||||||
Add: Fixed charges | 54,525 | 105,946 | 104,534 | 103,760 | 100,901 | 100,518 | |||||||||||||||||
Total earnings, as defined | $ | 121,249 | $ | 311,000 | $ | 253,472 | $ | 272,358 | $ | 245,935 | $ | 227,451 | |||||||||||
Fixed charges, as defined: | |||||||||||||||||||||||
Interest charges | $ | 41,958 | $ | 80,218 | $ | 77,866 | $ | 69,074 | $ | 65,095 | $ | 63,912 | |||||||||||
Interest component of leases | 12,567 | 25,728 | 26,668 | 34,686 | 35,806 | 36,606 | |||||||||||||||||
Total fixed charges, as defined | $ | 54,525 | $ | 105,946 | $ | 104,534 | $ | 103,760 | $ | 100,901 | $ | 100,518 | |||||||||||
Ratio of earnings to fixed charges | 2.2 | 2.9 | 2.4 | 2.6 | 2.4 | 2.3 | |||||||||||||||||