CONNECTICUT LIGHT & POWER CO - FORM 10-Q - EX-12 - PSNH EXH 12 - November 6, 2009

Attached files

file filename
10-Q - FORM 10-Q - CONNECTICUT LIGHT & POWER COseptember2009form10qedgar.htm
EX-15 - EXH 15 - CONNECTICUT LIGHT & POWER COexhibit15.htm
EX-12 - EXH 12 NU - CONNECTICUT LIGHT & POWER COexhibit12nu.htm
EX-32 - NU EXH 32 - CONNECTICUT LIGHT & POWER COnuexhibit32.htm
EX-32 - CLP EXH 32 - CONNECTICUT LIGHT & POWER COclpexhibit32.htm
EX-32 - PSNH EXH 32 - CONNECTICUT LIGHT & POWER COpsnhexhibit32.htm
EX-32 - WMECO EXH 32 - CONNECTICUT LIGHT & POWER COwmecoexhibit32.htm
EX-12 - WMECO EXH 12 - CONNECTICUT LIGHT & POWER COexhibit12wmeco.htm
EX-31 - NU EXH 31 - CONNECTICUT LIGHT & POWER COnuexhibit31shivery.htm
EX-31.1 - NU EXH 31.1 - CONNECTICUT LIGHT & POWER COnuexhibit311mchale.htm
EX-31 - CLP EXH 31 - CONNECTICUT LIGHT & POWER COclpexhibit31olivier.htm
EX-31.1 - CLP EXH 31.1 - CONNECTICUT LIGHT & POWER COclpexhibit311mchale.htm
EX-31.1 - PSNH EXH 31.1 - CONNECTICUT LIGHT & POWER COpsnhexhibit311mchale.htm
EX-31 - PSNH EXH 31 - CONNECTICUT LIGHT & POWER COpsnhexhibit31olivier.htm
EX-31 - WMECO EXH 31 - CONNECTICUT LIGHT & POWER COwmecoexhibit31olivier.htm
EX-31.1 - WMECO EXH 31.1 - CONNECTICUT LIGHT & POWER COwmecoexhibit311mchale.htm
EX-12 - CLP EXH 12 - CONNECTICUT LIGHT & POWER COexhibit12clp.htm


Public Service Company of New Hampshire

 

 

 

 

 

 

 

 

 

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

(Thousands of Dollars)

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2009

 

For the Years Ended December 31,

 

 

(unaudited)

 

2008

 

2007

 

2006

 

2005

 

2004

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

   Net income

$

50,268 

$

58,067 

$

54,434 

$

35,323 

$

41,739 

$

46,641 

   Income tax expense

 

22,843 

 

21,996 

 

22,794 

 

39,183 

 

12,234 

 

12,993 

   Equity in (earnings)/losses of regional nuclear

 

 

 

 

 

 

 

 

 

 

 

 

     generating companies

 

(42)

 

(62)

 

(343)

 

74 

 

(230)

 

(165)

   Dividends received from regional equity investees

 

220 

 

- 

 

521 

 

367 

 

172 

 

614 

   Fixed charges, as below

 

38,229 

 

54,597 

 

50,637 

 

50,092 

 

49,751 

 

47,211 

   Less: Interest capitalized (including AFUDC)

 

(2,334)

 

(2,967)

 

(2,985)

 

(2,768)

 

(1,896)

 

(272)

Total earnings, as defined

$

109,184 

$

131,631 

$

125,058 

$

122,271 

$

101,770 

$

107,022 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (a)

$

24,551 

$

32,655 

$

26,029 

$

24,100 

$

20,481 

$

17,441 

   Interest on rate reduction bonds

 

10,210 

 

15,969 

 

18,013 

 

20,828 

 

24,074 

 

26,901 

   Other interest (b)

 

34 

 

1,539 

 

2,243 

 

829 

 

1,733 

 

1,197 

   Rental interest factor

 

1,100 

 

1,467 

 

1,367 

 

1,567 

 

1,567 

 

1,400 

   Interest capitalized (including AFUDC)

 

2,334 

 

2,967 

 

2,985 

 

2,768 

 

1,896 

 

272 

Total fixed charges, as defined

$

38,229 

$

54,597 

$

50,637 

$

50,092 

$

49,751 

$

47,211 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

2.86 

 

2.41 

 

2.47 

 

2.44 

 

2.05 

 

2.27 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Interest on long-term debt amounts include amortized premiums, discounts and capitalized expenses related to indebtedness.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

For the nine months ended September 30, 2009, other interest includes interest related to accounting for uncertain tax positions.