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8-K - 8-K - NORTHERN STATES POWER COnsp-minnesota8k5x13x2014.htm
EX-4.01 - EXHIBIT 4.01 - NORTHERN STATES POWER COnsp-mn8k5x13x2014exhibit401.htm
EX-5.01 - EXHIBIT 5.01 - NORTHERN STATES POWER COnsp-mn8k5x13x2014exhibit501.htm


Exhibit 12.01

NSP-MINNESOTA AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
Three Months
Ended March 31,
2014
 
Year Ended Dec. 31
 
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income from operations
$
165,963

 
$
575,203

 
$
515,665

 
$
544,630

 
$
455,416

 
$
468,891

Add: Fixed charges
56,088

 
227,301

 
243,317

 
249,587

 
243,620

 
239,022

Total earnings, as defined
$
222,051

 
$
802,504

 
$
758,982

 
$
794,217

 
$
699,036

 
$
707,913

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
47,452

 
$
191,889

 
$
201,158

 
$
208,003

 
$
201,431

 
$
194,808

Interest component of leases
8,636

 
35,412

 
42,159

 
41,584

 
42,189

 
44,214

Total fixed charges, as defined
$
56,088

 
$
227,301

 
$
243,317

 
$
249,587

 
$
243,620

 
$
239,022

Ratio of earnings to fixed charges
4.0

 
3.5

 
3.1

 
3.2

 
2.9

 
3.0