Attached files

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8-K - 8-K - PUBLIC SERVICE CO OF COLORADOa8-kpscobondofferingmay2015.htm
EX-5.01 - EXHIBIT 5.01 - PUBLIC SERVICE CO OF COLORADOpscoexhibit501may2015.htm
EX-4.01 - EXHIBIT 4.01 - PUBLIC SERVICE CO OF COLORADOpscoexhibit401may2015.htm


Exhibit 12.01

PUBLIC SERVICE CO. OF COLORADO AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
 
Three Months
Ended March 31,
2015
 
Year Ended Dec. 31
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income
$
176,901

 
$
698,779

 
$
704,123

 
$
690,620

 
$
625,164

 
$
628,901

Add: Fixed charges
58,001

 
232,832

 
232,539

 
254,443

 
253,867

 
233,604

Total earnings, as defined
$
234,902

 
$
931,611

 
$
936,662

 
$
945,063

 
$
879,031

 
$
862,505

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
43,090

 
$
171,881

 
$
173,602

 
$
188,094

 
$
186,885

 
$
171,945

Interest charges on life insurance policy borrowings
37

 
214

 
245

 
310

 
332

 
372

Interest component of leases
14,874

 
60,737

 
58,692

 
66,039

 
66,650

 
61,287

Total fixed charges, as defined
$
58,001

 
$
232,832

 
$
232,539

 
$
254,443

 
$
253,867

 
$
233,604

Ratio of earnings to fixed charges
4.0

 
4.0

 
4.0

 
3.7

 
3.5

 
3.7