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EX-5.01 - EXHIBIT 5.01 - PUBLIC SERVICE CO OF COLORADOpscoexhibit501june2016.htm
EX-4.01 - EXHIBIT 4.01 - PUBLIC SERVICE CO OF COLORADOpscoexhibit401june2016.htm
8-K - 8-K - PUBLIC SERVICE CO OF COLORADOa8-kpscobondofferingjune20.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,
2016
 
Year Ended Dec. 31
 
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income
$
183,819

 
$
745,242

 
$
698,779

 
$
704,123

 
$
690,620

 
$
625,164

Add: Fixed charges
59,801

 
235,530

 
232,832

 
232,539

 
254,443

 
253,867

Total earnings, as defined
$
243,620

 
$
980,772

 
$
931,611

 
$
936,662

 
$
945,063

 
$
879,031

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
45,748

 
$
177,430

 
$
171,881

 
$
173,602

 
$
188,094

 
$
186,885

Interest charges on life insurance policy borrowings
36

 
233

 
214

 
245

 
310

 
332

Interest component of leases
14,017

 
57,867

 
60,737

 
58,692

 
66,039

 
66,650

Total fixed charges, as defined
$
59,801

 
$
235,530

 
$
232,832

 
$
232,539

 
$
254,443

 
$
253,867

Ratio of earnings to fixed charges
4.1

 
4.2

 
4.0

 
4.0

 
3.7

 
3.5