EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 - PSNH - May 3, 2018

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10-Q - FIRST QUARTER 2018 FORM 10-Q - EVERSOURCE ENERGYa2018q110-qxdocument.htm
EX-32 - EXHIBIT 32 - PSNH - EVERSOURCE ENERGYq1201810q-exhibit32xpsnh.htm
EX-31.1 - EXHIBIT 31.1 - PSNH - EVERSOURCE ENERGYq1201810q-exhibit311xpsnh.htm
EX-31 - EXHIBIT 31 - PSNH - EVERSOURCE ENERGYq1201810q-exhibit31xpsnh.htm
EX-32 - EXHIBIT 32 - NSTAR ELECTRIC - EVERSOURCE ENERGYq1201810q-exhibit32xnstare.htm
EX-31.1 - EXHIBIT 31.1 - NSTAR ELECTRIC - EVERSOURCE ENERGYq1201810q-exhibit311xnstar.htm
EX-31 - EXHIBIT 31 - NSTAR ELECTRIC - EVERSOURCE ENERGYq1201810q-exhibit31xnstare.htm
EX-12 - EXHIBIT 12 - NSTAR ELECTRIC - EVERSOURCE ENERGYq1201810q-exhibit12xnstare.htm
EX-32 - EXHIBIT 32 - CL&P - EVERSOURCE ENERGYq1201810q-exhibit32xclp.htm
EX-31.1 - EXHIBIT 31.1 - CL&P - EVERSOURCE ENERGYq1201810q-exhibit311xclp.htm
EX-31 - EXHIBIT 31 - CL&P - EVERSOURCE ENERGYq1201810q-exhibit31xclp.htm
EX-12 - EXHIBIT 12 - CL&P - EVERSOURCE ENERGYq1201810q-exhibit12xclp.htm
EX-32 - EXHIBIT 32 - EVERSOURCE - EVERSOURCE ENERGYq1201810q-exhibit32xeverso.htm
EX-31.1 - EXHIBIT 31.1 - EVERSOURCE - EVERSOURCE ENERGYq1201810q-exhibit311xevers.htm
EX-31 - EXHIBIT 31 - EVERSOURCE - EVERSOURCE ENERGYq1201810q-exhibit31xeverso.htm
EX-12 - EXHIBIT 12 - EVERSOURCE - EVERSOURCE ENERGYq1201810q-exhibit12xeverso.htm


Public Service Company of New Hampshire and Subsidiary
 
 
 
 
 
 
 
 
 
Exhibit 12

Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
For the Years Ended December 31,
(Thousands of Dollars)
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
35,093

 
$
135,996

 
$
131,985

 
$
114,442

 
$
113,944

 
$
111,397

Income tax expense
12,651

 
88,675

 
82,364

 
73,060

 
72,135

 
71,101

Equity in earnings of equity investees
(1
)
 
(9
)
 
(15
)
 
(8
)
 
(8
)
 
(12
)
Dividends received from equity investees
—

 
—

 
25

 
—

 
—

 
42

Fixed charges, as below
13,327

 
52,851

 
51,843

 
47,949

 
46,530

 
47,318

Less: Interest capitalized (including AFUDC)
(276
)
 
(729
)
 
(787
)
 
(994
)
 
(640
)
 
(500
)
Total earnings, as defined
$
60,794

 
$
276,784

 
$
265,415

 
$
234,449

 
$
231,961

 
$
229,346

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
12,772

 
$
51,007

 
$
50,040

 
$
45,990

 
$
45,349

 
$
46,176

Rental interest factor
279

 
1,115

 
1,016

 
965

 
541

 
642

Interest capitalized (including AFUDC)
276

 
729

 
787

 
994

 
640

 
500

Total fixed charges, as defined
$
13,327

 
$
52,851

 
$
51,843

 
$
47,949

 
$
46,530

 
$
47,318

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.56

 
5.24

 
5.12

 
4.89

 
4.99

 
4.85




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