EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 - WMECO - 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
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
EX-12 - EXHIBIT 12 - EVERSOURCE - EVERSOURCE ENERGYq3201610q-exhibit12xeverso.htm


Western Massachusetts Electric Company
 
 
 
 
 
 
 
 
 
 
 
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
 
$
46,103

 
$
56,506

 
$
57,819

 
$
60,438

 
$
54,503

 
$
43,054

Income tax expense
 
30,089

 
36,970

 
37,268

 
37,368

 
32,140

 
23,186

Equity in earnings of equity investees
 
(7
)
 
(8
)
 
(8
)
 
(18
)
 
(11
)
 
(4
)
Dividends received from equity investees
 
15

 
—

 
—

 
80

 
—

 
—

Fixed charges, as below
 
19,324

 
26,553

 
26,202

 
26,316

 
28,162

 
25,079

Less: Interest capitalized (including AFUDC)
 
(487
)
 
(1,042
)
 
(864
)
 
(498
)
 
(534
)
 
(534
)
Total earnings, as defined
 
$
95,037

 
$
118,979

 
$
120,417

 
$
123,686

 
$
114,260

 
$
90,781

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
18,298

 
$
24,792

 
$
24,931

 
$
24,851

 
$
26,634

 
$
23,612

Rental interest factor
 
539

 
719

 
407

 
967

 
994

 
933

Interest capitalized (including AFUDC)
 
487

 
1,042

 
864

 
498

 
534

 
534

Total fixed charges, as defined
 
$
19,324

 
$
26,553

 
$
26,202

 
$
26,316

 
$
28,162

 
$
25,079

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
4.92

 
4.48

 
4.60

 
4.70

 
4.06

 
3.62




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