EX-12.01 2 nspmex1201q42017.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

NSP-MINNESOTA AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
Year Ended Dec. 31
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
689,801

 
$
713,263

 
$
537,573

 
$
603,005

 
$
575,203

Add: Fixed charges
255,377

 
255,779

 
240,148

 
233,386

 
227,301

Total earnings, as defined
$
945,178

 
$
969,042

 
$
777,721

 
$
836,391

 
$
802,504

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
228,401

 
$
226,547

 
$
208,763

 
$
199,667

 
$
191,889

Interest component of leases
26,976

 
29,232

 
31,385

 
33,719

 
35,412

Total fixed charges, as defined
$
255,377

 
$
255,779

 
$
240,148

 
$
233,386

 
$
227,301

Ratio of earnings to fixed charges
3.7

 
3.8

 
3.2

 
3.6

 
3.5