EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 WMECO - 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-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






Western Massachusetts Electric 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

$

 16,827 

 

$

 56,506 

 

$

 57,819 

 

$

 60,438 

 

$

 54,503 

 

$

 43,054 

 

Income tax expense

 

 10,076 

 

 

 36,970 

 

 

 37,268 

 

 

 37,368 

 

 

 32,140 

 

 

 23,186 

 

Equity in earnings of regional equity investees

 

 (2)

 

 

 (8)

 

 

 (8)

 

 

 (18)

 

 

 (11)

 

 

 (4)

 

Dividends received from regional equity investees

 

 -   

 

 

 -   

 

 

 -   

 

 

 80 

 

 

 -   

 

 

 -   

 

Fixed charges, as below

 

 6,321 

 

 

 26,553 

 

 

 26,202 

 

 

 26,316 

 

 

 28,162 

 

 

 25,079 

 

Less: Interest capitalized (including AFUDC)

 

 (137)

 

 

 (1,042)

 

 

 (864)

 

 

 (498)

 

 

 (534)

 

 

 (534)

Total earnings, as defined

$

 33,085 

 

$

 118,979 

 

$

 120,417 

 

$

 123,686 

 

$

 114,260 

 

$

 90,781 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

$

 6,004 

 

$

 24,792 

 

$

 24,931 

 

$

 24,851 

 

$

 26,634 

 

$

 23,612 

 

Rental interest factor

 

 180 

 

 

 719 

 

 

 407 

 

 

 967 

 

 

 994 

 

 

 933 

 

Interest capitalized (including AFUDC)

 

 137 

 

 

 1,042 

 

 

 864 

 

 

 498 

 

 

 534 

 

 

 534 

Total fixed charges, as defined

$

 6,321 

 

$

 26,553 

 

$

 26,202 

 

$

 26,316 

 

$

 28,162 

 

$

 25,079 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 5.23 

 

 

 4.48 

 

 

 4.60 

 

 

 4.70 

 

 

 4.06 

 

 

 3.62 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 













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