Attached files
Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICE COMPANY
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
Three Months
Ended March 31,
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Year Ended December 31 | |||||||||||||||||||||||
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2012
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2011
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2010
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2009
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2008
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2007
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Earnings, as defined:
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Pretax income from operations
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$ | 17,790 | $ | 145,034 | $ | 126,933 | $ | 108,245 | $ | 52,769 | $ | 55,596 | ||||||||||||
Add: Fixed charges
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25,417 | 100,901 | 100,518 | 114,684 | 74,525 | 57,247 | ||||||||||||||||||
Total earnings, as defined
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$ | 43,207 | $ | 245,935 | $ | 227,451 | $ | 222,929 | $ | 127,294 | $ | 112,843 | ||||||||||||
Fixed charges, as defined:
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Interest charges
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$ | 16,706 | $ | 65,095 | $ | 63,912 | $ | 71,688 | $ | 61,090 | $ | 55,261 | ||||||||||||
Interest component of leases
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8,711 | 35,806 | 36,606 | 42,996 | 13,435 | 1,986 | ||||||||||||||||||
Total fixed charges, as defined
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$ | 25,417 | $ | 100,901 | $ | 100,518 | $ | 114,684 | $ | 74,525 | $ | 57,247 | ||||||||||||
Ratio of earnings to fixed charges
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1.7 | 2.4 | 2.3 | 1.9 | 1.7 | 2.0 |