Eversource Energy and Subsidiaries

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 (a)

2011

Earnings, as defined:

Net income

$

 246,033 

$

 886,004 

$

 827,065 

$

 793,689 

$

 533,077 

$

 400,513 

Income tax expense

 146,302 

 539,967 

 468,297 

 426,941 

 274,926 

 170,953 

Equity in earnings of regional equity investees

 181 

 (883)

 (1,044)

 (1,318)

 (1,154)

 (671)

Dividends received from regional equity investees

 - 

 - 

 - 

 582 

 733 

 940 

Fixed charges, as below

 104,272 

397,392 

386,451 

362,403 

353,616 

 275,948 

Less: Interest capitalized (including AFUDC)

 (1,622)

(7,221)

(5,766)

(4,062)

(5,261)

 (11,758)

Preferred dividend security requirements of

  consolidated subsidiaries (pre-tax)

(3,133)

(12,532)

(12,532)

(12,803)

(11,715)

 (9,265)

Total earnings, as defined

$

 492,033 

$

 1,802,727 

$

 1,662,471 

$

1,565,432 

$

 1,144,222 

$

 826,660 

Fixed charges, as defined:

Interest Expense

$

 98,212 

$

 372,420 

$

 362,106 

$

 338,699 

$

 329,945 

$

 250,425 

Rental interest factor

 1,305 

 5,219 

 6,047 

 6,839 

 6,695 

 4,500 

Preferred dividend security requirements of

  consolidated subsidiaries (pre-tax)

 3,133 

 12,532 

 12,532 

 12,803 

 11,715 

 9,265 

Interest capitalized (including AFUDC)

 1,622 

 7,221 

 5,766 

 4,062 

 5,261 

 11,758 

Total fixed charges, as defined

$

 104,272 

$

 397,392 

$

 386,451 

$

362,403 

$

 353,616 

$

 275,948 

Ratio of Earnings to Fixed Charges

 4.72 

 4.54 

 4.30 

 4.32 

 3.24 

 3.00 

(a) NSTAR amounts were included in Eversource beginning April 10, 2012.