Attached files
The Connecticut Light and Power Company | Exhibit 12 | ||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||
Six Months Ended June 30, 2018 | |||||||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||||||
(Thousands of Dollars) | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||
Net income | $ | 198,280 | $ | 376,726 | $ | 334,254 | $ | 299,360 | $ | 287,754 | $ | 279,412 | |||||||||||
Income tax expense | 60,192 | 186,646 | 208,308 | 177,396 | 133,451 | 141,663 | |||||||||||||||||
Equity in earnings of equity investees | (19 | ) | (39 | ) | (61 | ) | (31 | ) | (32 | ) | (67 | ) | |||||||||||
Dividends received from equity investees | — | — | 60 | — | — | 289 | |||||||||||||||||
Fixed charges, as below | 80,932 | 152,888 | 152,635 | 153,751 | 152,513 | 139,929 | |||||||||||||||||
Less: Interest capitalized (including AFUDC) | (3,027 | ) | (5,102 | ) | (3,319 | ) | (2,630 | ) | (1,867 | ) | (2,249 | ) | |||||||||||
Total earnings, as defined | $ | 336,358 | $ | 711,119 | $ | 691,877 | $ | 627,846 | $ | 571,819 | $ | 558,977 | |||||||||||
Fixed charges, as defined: | |||||||||||||||||||||||
Interest expense | $ | 75,498 | $ | 142,973 | $ | 144,110 | $ | 145,795 | $ | 147,421 | $ | 133,650 | |||||||||||
Rental interest factor | 2,407 | 4,813 | 5,206 | 5,326 | 3,225 | 4,030 | |||||||||||||||||
Interest capitalized (including AFUDC) | 3,027 | 5,102 | 3,319 | 2,630 | 1,867 | 2,249 | |||||||||||||||||
Total fixed charges, as defined | $ | 80,932 | $ | 152,888 | $ | 152,635 | $ | 153,751 | $ | 152,513 | $ | 139,929 | |||||||||||
Ratio of Earnings to Fixed Charges | 4.16 | 4.65 | 4.53 | 4.08 | 3.75 | 3.99 |