EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 - NSTAR ELECTRIC - 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-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
EX-12 - EXHIBIT 12 - EVERSOURCE - EVERSOURCE ENERGYq2201810q-exhibit12xeverso.htm


NSTAR Electric Company and Subsidiary
 
 
 
 
 
 
 
 
 
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
$
165,071

 
$
374,726

 
$
350,777

 
$
401,048

 
$
360,907

 
$
328,984

Income tax expense
60,607

 
242,085

 
225,789

 
265,014

 
239,249

 
210,234

Equity in earnings of equity investees
(412
)
 
(302
)
 
(325
)
 
(351
)
 
(416
)
 
(568
)
Dividends received from equity investees
—

 
—

 
35

 
—

 
—

 
424

Fixed charges, as below
59,347

 
114,419

 
117,542

 
107,089

 
108,705

 
99,431

Less: Interest capitalized (including AFUDC)
(3,580
)
 
(4,800
)
 
(5,278
)
 
(3,022
)
 
(2,891
)
 
(1,009
)
Total earnings, as defined
$
281,033

 
$
726,128

 
$
688,540

 
$
769,778

 
$
705,554

 
$
637,496

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

 
 

Interest expense
$
53,822

 
$
105,729

 
$
108,430

 
$
100,139

 
$
102,809

 
$
95,234

Rental interest factor
1,945

 
3,890

 
3,834

 
3,928

 
3,005

 
3,188

Interest capitalized (including AFUDC)
3,580

 
4,800

 
5,278

 
3,022

 
2,891

 
1,009

Total fixed charges, as defined
$
59,347

 
$
114,419

 
$
117,542

 
$
107,089

 
$
108,705

 
$
99,431

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.74

 
6.35

 
5.86

 
7.19

 
6.49

 
6.41




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