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

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10-Q - 10-Q - EVERSOURCE ENERGYa2018q210-qxdocument.htm
EX-32 - EXHIBIT 32 - PSNH - EVERSOURCE ENERGYq2201810q-exhibit32xpsnh.htm
EX-31.1 - EXHIBIT 31.1 - PSNH - EVERSOURCE ENERGYq2201810q-exhibit311xpsnh.htm
EX-31 - EXHIBIT 31 - PSNH - EVERSOURCE ENERGYq2201810q-exhibit31xpsnh.htm
EX-12 - EXHIBIT 12 - PSNH - EVERSOURCE ENERGYq2201810q-exhibit12xpsnh.htm
EX-32 - EXHIBIT 32 - NSTAR ELECTRIC - EVERSOURCE ENERGYq2201810q-exhibit32xnste.htm
EX-31.1 - EXHIBIT 31.1 - NSTAR ELECTRIC - EVERSOURCE ENERGYq2201810q-exhibit311xnste.htm
EX-31 - EXHIBIT 31 - NSTAR ELECTRIC - EVERSOURCE ENERGYq2201810q-exhibit31xnste.htm
EX-12 - EXHIBIT 12 - NSTAR ELECTRIC - EVERSOURCE ENERGYq2201810q-exhibit12xnste.htm
EX-32 - EXHIBIT 32 - CL&P - EVERSOURCE ENERGYq2201810q-exhibit32xclp.htm
EX-31.1 - EXHIBIT 31.1 - CL&P - EVERSOURCE ENERGYq2201810q-exhibit311xclp.htm
EX-31 - EXHIBIT 31 - CL&P - EVERSOURCE ENERGYq2201810q-exhibit31xclp.htm
EX-12 - EXHIBIT 12 - CL&P - EVERSOURCE ENERGYq2201810q-exhibit12xclp.htm
EX-32 - EXHIBIT 32 - EVERSOURCE - EVERSOURCE ENERGYq2201810q-exhibit32xeverso.htm
EX-31.1 - EXHIBIT 31.1 - EVERSOURCE - EVERSOURCE ENERGYq2201810q-exhibit311xevers.htm
EX-31 - EXHIBIT 31 - EVERSOURCE - EVERSOURCE ENERGYq2201810q-exhibit31xeverso.htm


Eversource Energy and Subsidiaries
 
 
 
 
 
 
 
 
 
 
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
$
516,072

 
$
995,515

 
$
949,821

 
$
886,004

 
$
827,065

 
$
793,689

Income tax expense
154,219

 
578,892

 
554,997

 
539,967

 
468,297

 
426,941

Equity in earnings of equity investees
(27,479
)
 
(27,432
)
 
(243
)
 
(883
)
 
(1,044
)
 
(1,318
)
Dividends received from equity investees
10,450

 
20,042

 
120

 
—

 
—

 
582

Fixed charges, as below
264,151

 
451,287

 
429,406

 
397,392

 
386,451

 
362,403

Less: Interest capitalized (including AFUDC)
(8,974
)
 
(12,453
)
 
(10,791
)
 
(7,221
)
 
(5,766
)
 
(4,062
)
Preferred dividend security requirements
  of consolidated subsidiaries (pre-tax)
(5,370
)
 
(12,532
)
 
(12,532
)
 
(12,532
)
 
(12,532
)
 
(12,803
)
Total earnings, as defined
$
903,069

 
$
1,993,319

 
$
1,910,778

 
$
1,802,727

 
$
1,662,471

 
$
1,565,432

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

 
 

Interest expense
$
247,533

 
$
421,755

 
$
400,961

 
$
372,420

 
$
362,106

 
$
338,699

Rental interest factor
2,274

 
4,547

 
5,122

 
5,219

 
6,047

 
6,839

Preferred dividend security requirements
  of consolidated subsidiaries (pre-tax)
5,370

 
12,532

 
12,532

 
12,532

 
12,532

 
12,803

Interest capitalized (including AFUDC)
8,974

 
12,453

 
10,791

 
7,221

 
5,766

 
4,062

Total fixed charges, as defined
$
264,151

 
$
451,287

 
$
429,406

 
$
397,392

 
$
386,451

 
$
362,403

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.42

 
4.42

 
4.45

 
4.54

 
4.30

 
4.32

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



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