EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 NSTAR ELECTRIC - 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 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-12 - EXHIBIT 12 CL&P - EVERSOURCE ENERGYexhibit12clp.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






NSTAR Electric Company and Subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

$

 54,493 

 

$

 344,542 

 

$

 303,088 

 

$

 268,546 

 

$

 190,242 

 

$

252,494 

 

Income tax expense

 

 34,101 

 

 

 228,044 

 

 

 201,981 

 

 

 172,866 

 

 

 123,966 

 

 

165,686 

 

Equity in earnings of regional equity investees

 

 70 

 

 

(343)

 

 

(408)

 

 

(550)

 

 

(412)

 

 

(501)

 

Dividends received from regional equity investees

 

 - 

 

 

 - 

 

 

 - 

 

 

 344 

 

 

 286 

 

 

676 

 

Fixed charges, as below

 

 22,050 

 

 

80,536 

 

 

82,503 

 

 

73,115 

 

 

72,364 

 

 

76,219 

 

Less: Interest capitalized (including AFUDC)

 

 (359)

 

 

(1,980)

 

 

(2,027)

 

 

(511)

 

 

(259)

 

 

(185)

Total earnings, as defined

$

 110,355 

 

$

 650,799 

 

$

 585,137 

 

$

513,810 

 

$

 386,187 

 

$

 494,389 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

$

 20,889 

 

$

 75,347 

 

$

 77,878 

 

$

 70,383 

 

$

 70,054 

 

$

69,427 

 

Rental interest factor

 

 802 

 

 

 3,209 

 

 

 2,598 

 

 

 2,221 

 

 

 2,051 

 

 

6,607 

 

Interest capitalized (including AFUDC)

 

 359 

 

 

 1,980 

 

 

 2,027 

 

 

 511 

 

 

 259 

 

 

185 

Total fixed charges, as defined

$

 22,050 

 

$

 80,536 

 

$

 82,503 

 

$

73,115 

 

$

 72,364 

 

$

 76,219 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 5.00 

 

 

 8.08 

 

 

 7.09 

 

 

 7.03 

 

 

 5.34 

 

 

 6.49 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 













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