Attached files
| file | filename |
|---|---|
| EX-5.02 - EXHIBIT 5.02 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit502nov2018.htm |
| EX-4.02 - EXHIBIT 4.02 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit402oct2018.htm |
| EX-5.01 - EXHIBIT 5.01 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit501nov2018.htm |
| EX-5.03 - EXHIBIT 5.03 - SOUTHWESTERN PUBLIC SERVICE CO | spsexhibit503nov2018.htm |
| 8-K - 8-K - SOUTHWESTERN PUBLIC SERVICE CO | a8-kspsbondofferingnov2018.htm |
Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICES CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
Nine Months Ended Sept. 30, 2018 | Year Ended Dec. 31 | ||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||
Pretax income from operations | $ | 208,491 | $ | 227,629 | $ | 234,271 | $ | 202,288 | $ | 205,054 | $ | 148,938 | |||||||||||
Add: Fixed charges | 78,758 | 93,784 | 112,793 | 109,073 | 105,946 | 104,534 | |||||||||||||||||
Total earnings, as defined | $ | 287,249 | $ | 321,413 | $ | 347,064 | $ | 311,361 | $ | 311,000 | $ | 253,472 | |||||||||||
Fixed charges, as defined: | |||||||||||||||||||||||
Interest charges | $ | 61,782 | $ | 86,233 | $ | 88,671 | $ | 84,040 | $ | 80,218 | $ | 77,866 | |||||||||||
Interest component of leases | 16,976 | 7,551 | 24,122 | 25,033 | 25,728 | 26,668 | |||||||||||||||||
Total fixed charges, as defined | $ | 78,758 | $ | 93,784 | $ | 112,793 | $ | 109,073 | $ | 105,946 | $ | 104,534 | |||||||||||
Ratio of earnings to fixed charges | 3.6 | 3.4 | 3.1 | 2.9 | 2.9 | 2.4 | |||||||||||||||||