Attached files

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10-Q - CONNECTICUT LIGHT & POWER COmarch2010form10qedgar.htm
EX-32 - CONNECTICUT LIGHT & POWER COexh32nu.htm
EX-12 - CONNECTICUT LIGHT & POWER COexh12nu.htm
EX-31 - CONNECTICUT LIGHT & POWER COexh31nu.htm
EX-12 - CONNECTICUT LIGHT & POWER COexh12clp.htm
EX-31 - CONNECTICUT LIGHT & POWER COexh31clp.htm
EX-32 - CONNECTICUT LIGHT & POWER COexh32clp.htm
EX-32 - CONNECTICUT LIGHT & POWER COexh32psnh.htm
EX-10 - CONNECTICUT LIGHT & POWER COexhibit10.htm
EX-31.1 - CONNECTICUT LIGHT & POWER COex311psnh.htm
EX-31 - CONNECTICUT LIGHT & POWER COexh31psnh.htm
EX-15 - CONNECTICUT LIGHT & POWER COexhibit15.htm
EX-31.1 - CONNECTICUT LIGHT & POWER COexh311clp.htm
EX-31 - CONNECTICUT LIGHT & POWER COexh31wmeco.htm
EX-12 - CONNECTICUT LIGHT & POWER COexh12wmeco.htm
EX-32 - CONNECTICUT LIGHT & POWER COexh32wmeco.htm
EX-31.1 - CONNECTICUT LIGHT & POWER COexh311wmeco.htm
EX-31.1 - CONNECTICUT LIGHT & POWER COexh311nu.htm





Public Service Company of New Hampshire

 

 

 

 

 

 

 

 

 

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

 

 

 

 

 

 

 

 

 

 

(Thousands of Dollars)

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2010

For the Years Ended December 31,

 

 

 

 

(unaudited)

 

2009

 

2008

 

2007

 

2006

 

2005

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 Net income

$

15,810 

$

65,570 

$

58,067 

$

54,434 

$

35,323 

$

41,739 

   Income tax expense

 

14,116 

 

31,990 

 

21,996 

 

22,794 

 

39,183 

 

12,234 

   Equity in (earnings)/losses of regional nuclear

 

 

 

 

 

 

 

 

 

 

 

 

     generating companies

 

(6)

 

(50)

 

(62)

 

(343)

 

74 

 

(230)

   Dividends received from regional equity investees

 

 

220 

 

 

521 

 

367 

 

172 

   Fixed charges, as below

 

13,987 

 

51,227 

 

54,597 

 

50,637 

 

50,092 

 

49,751 

   Less: Interest capitalized (including AFUDC)

 

(1,175)

 

(3,138)

 

(2,967)

 

(2,985)

 

(2,768)

 

(1,896)

 Total earnings, as defined

$

42,732 

$

145,819 

$

131,631 

$

125,058 

$

122,271 

$

101,770 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

   Interest on long-term debt (a)

$

9,512 

$

33,045 

$

32,655 

$

26,029 

$

24,100 

$

20,481 

   Interest on rate reduction bonds

 

2,721 

 

13,128 

 

15,969 

 

18,013 

 

20,828 

 

24,074 

   Other interest (b)

 

179 

 

316 

 

1,539 

 

2,243 

 

829 

 

1,733 

   Rental interest factor

 

400 

 

1,600 

 

1,467 

 

1,367 

 

1,567 

 

1,567 

   Interest capitalized (including AFUDC)

 

1,175 

 

3,138 

 

2,967 

 

2,985 

 

2,768 

 

1,896 

 Total fixed charges, as defined

$

13,987 

$

51,227 

$

54,597 

$

50,637 

$

50,092 

$

49,751 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

3.06 

 

2.85 

 

2.41 

 

2.47 

 

2.44 

 

2.05 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

For the three months ended March 31, 2010 and for the year ended December 31, 2009, other interest includes interest related to accounting for uncertain tax positions.