EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 NSTAR ELECTRIC - November 6, 2015

Attached files

file filename
10-Q - SEPTEMBER 30, 2015 FORM 10-Q - EVERSOURCE ENERGYseptember302015form10q.htm
EX-12 - EXHIBIT 12 EVERSOURCE ENERGY - EVERSOURCE ENERGYexh12eversource.htm
EX-10.1 - EXHIBIT 10.1 - EVERSOURCE ENERGYygs12thsupplementalindenture.htm
EX-31 - EXHIBIT 31 CL&P - EVERSOURCE ENERGYexh31clp.htm
EX-32 - EXHIBIT 32 CL&P - EVERSOURCE ENERGYexh32clp.htm
EX-12 - EXHIBIT 12 PSNH - EVERSOURCE ENERGYexh12psnh.htm
EX-31 - EXHIBIT 31 PSNH - EVERSOURCE ENERGYexh31psnh.htm
EX-32 - EXHIBIT 32 PSNH - EVERSOURCE ENERGYexh32psnh.htm
EX-31.1 - EXHIBIT 31.1 CL&P - EVERSOURCE ENERGYexh311clp.htm
EX-32 - EXHIBIT 32 WMECO - EVERSOURCE ENERGYexh32wmeco.htm
EX-12 - EXHIBIT 12 WMECO - EVERSOURCE ENERGYexh12wmeco.htm
EX-31 - EXHIBIT 31 WMECO - EVERSOURCE ENERGYexh31wmeco.htm
EX-31.1 - EXHIBIT 31.1 PSNH - EVERSOURCE ENERGYexh311psnh.htm
EX-31 - EXHIBIT 31 EVERSOURCE ENERGY - EVERSOURCE ENERGYexh31eversource.htm
EX-32 - EXHIBIT 32 EVERSOURCE ENERGY - EVERSOURCE ENERGYexh32eversource.htm
EX-31.1 - EXHIBIT 31.1 EVERSOURCE ENERGY - EVERSOURCE ENERGYexh311eversource.htm
EX-32 - EXHIBIT 32 NSTAR ELECTRIC - EVERSOURCE ENERGYexh32nstarelectric.htm
EX-31 - EXHIBIT 31 NSTAR ELECTRIC - EVERSOURCE ENERGYexh31nstarelectric.htm
EX-31.1 - EXHIBIT 31.1 NSTAR ELECTRIC - EVERSOURCE ENERGYexh311nstarelectric.htm
EX-12 - EXHIBIT 12 CL&P - EVERSOURCE ENERGYexh12clp.htm
EX-31.1 - EXHIBIT 31.1 WMECO - EVERSOURCE ENERGYexh311wmeco.htm






NSTAR Electric Company and Subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

For the Years Ended December 31,

(Thousands of Dollars)

2015

 

2014

 

2013

 

2012

 

2011

 

2010

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 284,148 

 

$

 303,088 

 

$

 268,546 

 

$

 190,242 

 

$

252,494 

 

$

 248,575 

 

Income tax expense

 

 187,397 

 

 

 201,981 

 

 

 172,866 

 

 

 123,966 

 

 

165,686 

 

 

 162,020 

 

Equity in earnings of regional nuclear
   generating and transmission companies

 

 (326)

 

 

 (408)

 

 

 (550)

 

 

 (412)

 

 

(501)

 

 

 (836)

 

Dividends received from regional equity investees

 

 - 

 

 

 - 

 

 

 344 

 

 

 286 

 

 

676 

 

 

 669 

 

Fixed charges, as below

 

 60,633 

 

 

82,503 

 

 

73,115 

 

 

72,364 

 

 

76,219 

 

 

77,902 

 

Less: Interest capitalized (including AFUDC)

 

 (1,466)

 

 

(2,027)

 

 

(511)

 

 

(259)

 

 

(185)

 

 

(108)

Total earnings, as defined

$

 530,386 

 

$

 585,137 

 

$

 513,810 

 

$

386,187 

 

$

 494,389 

 

$

 488,222 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

$

 57,218 

 

$

 77,878 

 

$

 70,383 

 

$

 70,054 

 

$

69,427 

 

$

 71,390 

 

Rental interest factor

 

 1,949 

 

 

 2,598 

 

 

 2,221 

 

 

 2,051 

 

 

6,607 

 

 

 6,404 

 

Interest capitalized (including AFUDC)

 

 1,466 

 

 

 2,027 

 

 

 511 

 

 

 259 

 

 

185 

 

 

 108 

Total fixed charges, as defined

$

 60,633 

 

$

 82,503 

 

$

 73,115 

 

$

72,364 

 

$

 76,219 

 

$

 77,902 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 8.75 

 

 

 7.09 

 

 

 7.03 

 

 

 5.34 

 

 

 6.49 

 

 

 6.27 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 













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