EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 CL&P - May 6, 2016

Attached files

file filename
EX-31.1 - EXHIBIT 31.1 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit311nstarelectric.htm
EX-31.1 - EXHIBIT 31.1 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit311eversourceenergy.htm
EX-31 - EXHIBIT 31 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit31eversourceenergy.htm
EX-32 - EXHIBIT 32 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit32nstarelectric.htm
EX-31.1 - EXHIBIT 31.1 CL&P - EVERSOURCE ENERGYexhibit311clp.htm
EX-31 - EXHIBIT 31 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit31nstarelectric.htm
EX-32 - EXHIBIT 32 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit32eversourceenergy.htm
EX-31.1 - EXHIBIT 31.1 PSNH - EVERSOURCE ENERGYexhibit311psnh.htm
EX-32 - EXHIBIT 32 PSNH - EVERSOURCE ENERGYexhibit32psnh.htm
EX-12 - EXHIBIT 12 NSTAR ELECTRIC - EVERSOURCE ENERGYexhibit12nstar.htm
EX-12 - EXHIBIT 12 WMECO - EVERSOURCE ENERGYexhibit12wmeco.htm
EX-31.1 - EXHIBIT 31.1 WMECO - EVERSOURCE ENERGYexhibit311wmeco.htm
EX-32 - EXHIBIT 32 CL&P - EVERSOURCE ENERGYexhibit32clp.htm
10-Q - MARCH 31, 2016 FORM 10-Q - EVERSOURCE ENERGYmarch312016form10q.htm
EX-12 - EXHIBIT 12 EVERSOURCE ENERGY - EVERSOURCE ENERGYexhibit12es.htm
EX-31 - EXHIBIT 31 PSNH - EVERSOURCE ENERGYexhibit31psnh.htm
EX-31 - EXHIBIT 31 CL&P - EVERSOURCE ENERGYexhibit31clp.htm
EX-31 - EXHIBIT 31 WMECO - EVERSOURCE ENERGYexhibit31wmeco.htm
EX-12 - EXHIBIT 12 PSNH - EVERSOURCE ENERGYexhibit12psnh.htm
EX-32 - EXHIBIT 32 WMECO - EVERSOURCE ENERGYexhibit32wmeco.htm






The Connecticut Light and Power Company

 

 

Exhibit 12

Ratio of Earnings to Fixed Charges

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

For the Years Ended December 31,

(Thousands of Dollars)

2016

 

2015

 

2014

 

2013

 

2012

 

2011

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 87,047 

 

$

 299,360 

 

$

 287,754 

 

$

 279,412 

 

$

 209,725 

 

$

 250,164 

 

Income tax expense

 

 48,863 

 

 

 177,396 

 

 

 133,451 

 

 

 141,663 

 

 

 94,437 

 

 

 90,033 

 

Equity in earnings of regional equity investees

 

 (9)

 

 

 (31)

 

 

 (32)

 

 

 (67)

 

 

 (40)

 

 

 (16)

 

Dividends received from regional equity investees

 

 -   

 

 

 -   

 

 

 -   

 

 

 289 

 

 

 -   

 

 

 -   

 

Fixed charges, as below

 

 38,425 

 

 

 153,751 

 

 

 152,513 

 

 

 139,929 

 

 

 139,982 

 

 

 140,311 

 

Less: Interest capitalized (including AFUDC)

 

 (595)

 

 

 (2,630)

 

 

 (1,867)

 

 

 (2,249)

 

 

 (2,456)

 

 

 (3,317)

Total earnings, as defined

$

 173,731 

 

$

 627,846 

 

$

 571,819 

 

$

 558,977 

 

$

 441,648 

 

$

 477,175 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

$

 36,498 

 

$

 145,795 

 

$

 147,421 

 

$

 133,650 

 

$

 133,127 

 

$

 132,727 

 

Rental interest factor

 

 1,332 

 

 

 5,326 

 

 

 3,225 

 

 

 4,030 

 

 

 4,399 

 

 

 4,267 

 

Interest capitalized (including AFUDC)

 

 595 

 

 

 2,630 

 

 

 1,867 

 

 

 2,249 

 

 

 2,456 

 

 

 3,317 

Total fixed charges, as defined

$

 38,425 

 

$

 153,751 

 

$

 152,513 

 

$

 139,929 

 

$

 139,982 

 

$

 140,311 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 4.52 

 

 

 4.08 

 

 

 3.75 

 

 

 3.99 

 

 

 3.16 

 

 

 3.40 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 













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