EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 - EVERSOURCE - November 4, 2016

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EX-31 - EXHIBIT 31 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201610q-exhibit31xnstare.htm
EX-32 - EXHIBIT 32 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201610q-exhibit32xnstare.htm
EX-12 - EXHIBIT 12 - WMECO - EVERSOURCE ENERGYq3201610q-exhibit12xwmeco.htm
10-Q - 10-Q - EVERSOURCE ENERGYq3201610-qxdocument.htm
EX-32 - EXHIBIT 32 - WMECO - EVERSOURCE ENERGYq3201610q-exhibit32xwmeco.htm
EX-32 - EXHIBIT 32 - PSNH - EVERSOURCE ENERGYq3201610q-exhibit32xpsnh.htm
EX-32 - EXHIBIT 32 - CL&P - EVERSOURCE ENERGYq3201610q-exhibit32xclp.htm
EX-32 - EXHIBIT 32 - EVERSOURCE - EVERSOURCE ENERGYq3201610q-exhibit32xeverso.htm
EX-31.1 - EXHIBIT 31.1 - WMECO - EVERSOURCE ENERGYq3201610q-exhibit311xwmeco.htm
EX-31.1 - EXHIBIT 31.1 - PSNH - EVERSOURCE ENERGYq3201610q-exhibit311xpsnh.htm
EX-31.1 - EXHIBIT 31.1 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201610q-exhibit311xnstar.htm
EX-31.1 - EXHIBIT 31.1 - CL&P - EVERSOURCE ENERGYq3201610q-exhibit311xclp.htm
EX-31.1 - EXHIBIT 31.1 - EVERSOURCE - EVERSOURCE ENERGYq3201610q-exhibit311xevers.htm
EX-31 - EXHIBIT 31 - WMECO - EVERSOURCE ENERGYq3201610q-exhibit31xwmeco.htm
EX-31 - EXHIBIT 31 - PSNH - EVERSOURCE ENERGYq3201610q-exhibit31xpsnh.htm
EX-31 - EXHIBIT 31 - CL&P - EVERSOURCE ENERGYq3201610q-exhibit31xclp.htm
EX-31 - EXHIBIT 31 - EVERSOURCE - EVERSOURCE ENERGYq3201610q-exhibit31xeverso.htm
EX-12 - EXHIBIT 12 - PSNH - EVERSOURCE ENERGYq3201610q-exhibit12xpsnh.htm
EX-12 - EXHIBIT 12 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201610q-exhibit12xnstare.htm
EX-12 - EXHIBIT 12 - CL&P - EVERSOURCE ENERGYq3201610q-exhibit12xclp.htm


Eversource Energy and Subsidiaries
 
 
 
 
 
 
 
 
 
 
 
Exhibit 12

Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Years Ended December 31,
(Thousands of Dollars)
 
 
2015
 
2014
 
2013
 
2012 (a)
 
2011
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
718,762

 
$
886,004

 
$
827,065

 
$
793,689

 
$
533,077

 
$
400,513

Income tax expense
 
428,186

 
539,967

 
468,297

 
426,941

 
274,926

 
170,953

Equity in earnings of equity investees
 
(487
)
 
(883
)
 
(1,044
)
 
(1,318
)
 
(1,154
)
 
(671
)
Dividends received from equity investees
 
120

 
—

 
—

 
582

 
733

 
940

Fixed charges, as below
 
319,828

 
397,392

 
386,451

 
362,403

 
353,616

 
275,948

Less: Interest capitalized (including AFUDC)
 
(7,948
)
 
(7,221
)
 
(5,766
)
 
(4,062
)
 
(5,261
)
 
(11,758
)
Preferred dividend security requirements of
  consolidated subsidiaries (pre-tax)
 
(9,398
)
 
(12,532
)
 
(12,532
)
 
(12,803
)
 
(11,715
)
 
(9,265
)
Total earnings, as defined
 
$
1,449,063

 
$
1,802,727

 
$
1,662,471

 
$
1,565,432

 
$
1,144,222

 
$
826,660

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 

 
 

 
 

 
 

 
 

 
 

Interest Expense
 
$
298,568

 
$
372,420

 
$
362,106

 
$
338,699

 
$
329,945

 
$
250,425

Rental interest factor
 
3,914

 
5,219

 
6,047

 
6,839

 
6,695

 
4,500

Preferred dividend security requirements of
  consolidated subsidiaries (pre-tax)
 
9,398

 
12,532

 
12,532

 
12,803

 
11,715

 
9,265

Interest capitalized (including AFUDC)
 
7,948

 
7,221

 
5,766

 
4,062

 
5,261

 
11,758

Total fixed charges, as defined
 
$
319,828

 
$
397,392

 
$
386,451

 
$
362,403

 
$
353,616

 
$
275,948

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
4.53

 
4.54

 
4.30

 
4.32

 
3.24

 
3.00

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



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