EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 - NSTAR ELECTRIC - 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 - CL&P - EVERSOURCE ENERGYq3201610q-exhibit12xclp.htm
EX-12 - EXHIBIT 12 - EVERSOURCE - EVERSOURCE ENERGYq3201610q-exhibit12xeverso.htm


NSTAR Electric Company and Subsidiary
 
 
 
 
 
 
 
 
 
 
 
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
 
2011
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
239,857

 
$
344,542

 
$
303,088

 
$
268,546

 
$
190,242

 
$
252,494

Income tax expense
 
154,493

 
228,044

 
201,981

 
172,866

 
123,966

 
165,686

Equity in earnings of equity investees
 
(190
)
 
(343
)
 
(408
)
 
(550
)
 
(412
)
 
(501
)
Dividends received from equity investees
 
20

 
—

 
—

 
344

 
286

 
676

Fixed charges, as below
 
68,032

 
80,536

 
82,503

 
73,115

 
72,364

 
76,219

Less: Interest capitalized (including AFUDC)
 
(3,419
)
 
(1,980
)
 
(2,027
)
 
(511
)
 
(259
)
 
(185
)
Total earnings, as defined
 
$
458,793

 
$
650,799

 
$
585,137

 
$
513,810

 
$
386,187

 
$
494,389

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 

 
 

 
 

 
 

 
 

 
 

Interest Expense
 
$
62,206

 
$
75,347

 
$
77,878

 
$
70,383

 
$
70,054

 
$
69,427

Rental interest factor
 
2,407

 
3,209

 
2,598

 
2,221

 
2,051

 
6,607

Interest capitalized (including AFUDC)
 
3,419

 
1,980

 
2,027

 
511

 
259

 
185

Total fixed charges, as defined
 
$
68,032

 
$
80,536

 
$
82,503

 
$
73,115

 
$
72,364

 
$
76,219

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
6.74

 
8.08

 
7.09

 
7.03

 
5.34

 
6.49




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