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EX-5.01 - EXHIBIT 5.01 - PUBLIC SERVICE CO OF COLORADOpscoexhibit501june2018.htm
EX-4.01 - EXHIBIT 4.01 - PUBLIC SERVICE CO OF COLORADOpscoexhibit401june2018.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,
2018
 
Year Ended Dec. 31
 
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income
$
172,731

 
$
746,298

 
$
737,409

 
$
745,242

 
$
698,779

 
$
704,123

Add: Fixed charges
61,779

 
241,434

 
236,080

 
235,530

 
232,832

 
232,539

Total earnings, as defined
$
234,510

 
$
987,732

 
$
973,489

 
$
980,772

 
$
931,611

 
$
936,662

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
49,921

 
$
190,694

 
$
181,631

 
$
177,430

 
$
171,881

 
$
173,602

Interest charges on life insurance policy borrowings
57

 
271

 
203

 
233

 
214

 
245

Interest component of leases
11,801

 
50,469

 
54,246

 
57,867

 
60,737

 
58,692

Total fixed charges, as defined
$
61,779

 
$
241,434

 
$
236,080

 
$
235,530

 
$
232,832

 
$
232,539

Ratio of earnings to fixed charges
3.8

 
4.1

 
4.1

 
4.2

 
4.0

 
4.0