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-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-12 - EXHIBIT 12 NSTAR ELECTRIC - EVERSOURCE ENERGYexh12nstarelectric.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






Western Massachusetts Electric Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

$

 42,410 

 

$

 57,819 

 

$

 60,438 

 

$

 54,503 

 

$

 43,054 

 

$

 23,090 

 

Income tax expense

 

 28,555 

 

 

 37,268 

 

 

 37,368 

 

 

 32,140 

 

 

 23,186 

 

 

 16,325 

 

Equity in earnings of regional nuclear

  generating companies

 

 (6)

 

 

 (8)

 

 

 (18)

 

 

 (11)

 

 

 (4)

 

 

 (36)

 

Dividends received from regional equity investees

 

 -   

 

 

 -   

 

 

 80 

 

 

 -   

 

 

 -   

 

 

 120 

 

Fixed charges, as below

 

 20,125 

 

 

 26,202 

 

 

 26,316 

 

 

 28,162 

 

 

 25,079 

 

 

 23,042 

 

Less: Interest capitalized (including AFUDC)

 

 (806)

 

 

 (864)

 

 

 (498)

 

 

 (534)

 

 

 (534)

 

 

 (336)

Total earnings, as defined

$

 90,278 

 

$

 120,417 

 

$

 123,686 

 

$

 114,260 

 

$

 90,781 

 

$

 62,205 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

$

 19,014 

 

$

 24,931 

 

$

 24,851 

 

$

 26,634 

 

$

 23,612 

 

$

 21,839 

 

Rental interest factor

 

 305 

 

 

 407 

 

 

 967 

 

 

 994 

 

 

 933 

 

 

 867 

 

Interest capitalized (including AFUDC)

 

 806 

 

 

 864 

 

 

 498 

 

 

 534 

 

 

 534 

 

 

 336 

Total fixed charges, as defined

$

 20,125 

 

$

 26,202 

 

$

 26,316 

 

$

 28,162 

 

$

 25,079 

 

$

 23,042 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 4.49 

 

 

 4.60 

 

 

 4.70 

 

 

 4.06 

 

 

 3.62 

 

 

 2.70