EVERSOURCE ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12 - EVERSOURCE - November 3, 2017

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EX-10.1 - EXHIBIT 10.1 - YANKEE GAS - EVERSOURCE ENERGYyankeegas13thsuppindenture.htm
EX-32 - EXHIBIT 32 - WMECO - EVERSOURCE ENERGYq3201710q-exhibit32xwmeco.htm
EX-31.1 - EXHIBIT 31.1 - WMECO - EVERSOURCE ENERGYq3201710q-exhibit311xwmeco.htm
EX-31 - EXHIBIT 31 - WMECO - EVERSOURCE ENERGYq3201710q-exhibit31xwmeco.htm
EX-12 - EXHIBIT 12 - WMECO - EVERSOURCE ENERGYq3201710q-exhibit12xwmeco.htm
EX-32 - EXHIBIT 32 - PSNH - EVERSOURCE ENERGYq3201710q-exhibit32xpsnh.htm
EX-31.1 - EXHIBIT 31.1 - PSNH - EVERSOURCE ENERGYq3201710q-exhibit311xpsnh.htm
EX-31 - EXHIBIT 31 - PSNH - EVERSOURCE ENERGYq3201710q-exhibit31xpsnh.htm
EX-12 - EXHIBIT 12 - PSNH - EVERSOURCE ENERGYq3201710q-exhibit12xpsnh.htm
EX-32 - EXHIBIT 32 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201710q-exhibit32xnstare.htm
EX-31.1 - EXHIBIT 31.1 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201710q-exhibit311xnstar.htm
EX-31 - EXHIBIT 31 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201710q-exhibit31xnstare.htm
EX-12 - EXHIBIT 12 - NSTAR ELECTRIC - EVERSOURCE ENERGYq3201710q-exhibit12xnstare.htm
EX-32 - EXHIBIT 32 - CL&P - EVERSOURCE ENERGYq3201710q-exhibit32xclp.htm
EX-31.1 - EXHIBIT 31.1 - CL&P - EVERSOURCE ENERGYq3201710q-exhibit311xclp.htm
EX-31 - EXHIBIT 31 - CL&P - EVERSOURCE ENERGYq3201710q-exhibit31xclp.htm
EX-12 - EXHIBIT 12 - CL&P - EVERSOURCE ENERGYq3201710q-exhibit12xclp.htm
EX-32 - EXHIBIT 32 - EVERSOURCE - EVERSOURCE ENERGYq3201710q-exhibit32xeverso.htm
EX-31.1 - EXHIBIT 31.1 - EVERSOURCE - EVERSOURCE ENERGYq3201710q-exhibit311xevers.htm
EX-31 - EXHIBIT 31 - EVERSOURCE - EVERSOURCE ENERGYq3201710q-exhibit31xeverso.htm
10-Q - THIRD QUARTER 2017 FORM 10-Q - EVERSOURCE ENERGYq3201710-qxdocument.htm


Eversource Energy and Subsidiaries
 
 
 
 
 
 
 
 
 
 
Exhibit 12

Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
For the Years Ended December 31,
(Thousands of Dollars)
 
2016
 
2015
 
2014
 
2013
 
2012 (a)
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
756,216

 
$
949,821

 
$
886,004

 
$
827,065

 
$
793,689

 
$
533,077

Income tax expense
447,921

 
554,997

 
539,967

 
468,297

 
426,941

 
274,926

Equity in earnings of equity investees
(22,975
)
 
(243
)
 
(883
)
 
(1,044
)
 
(1,318
)
 
(1,154
)
Dividends received from equity investees
13,996

 
120

 
—

 
—

 
582

 
733

Fixed charges, as below
340,994

 
429,406

 
397,392

 
386,451

 
362,403

 
353,616

Less: Interest capitalized (including AFUDC)
(8,277
)
 
(10,791
)
 
(7,221
)
 
(5,766
)
 
(4,062
)
 
(5,261
)
Preferred dividend security requirements
  of consolidated subsidiaries (pre-tax)
(9,398
)
 
(12,532
)
 
(12,532
)
 
(12,532
)
 
(12,803
)
 
(11,715
)
Total earnings, as defined
$
1,518,477

 
$
1,910,778

 
$
1,802,727

 
$
1,662,471

 
$
1,565,432

 
$
1,144,222

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

 
 

Interest Expense
$
319,477

 
$
400,961

 
$
372,420

 
$
362,106

 
$
338,699

 
$
329,945

Rental interest factor
3,842

 
5,122

 
5,219

 
6,047

 
6,839

 
6,695

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

 
12,532

 
12,532

 
12,532

 
12,803

 
11,715

Interest capitalized (including AFUDC)
8,277

 
10,791

 
7,221

 
5,766

 
4,062

 
5,261

Total fixed charges, as defined
$
340,994

 
$
429,406

 
$
397,392

 
$
386,451

 
$
362,403

 
$
353,616

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.45

 
4.45

 
4.54

 
4.30

 
4.32

 
3.24

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



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