EX-12.01 2 nspwex1201q42017.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

NSP-WISCONSIN 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
$
123,588

 
$
112,037

 
$
118,874

 
$
113,045

 
$
95,877

Add: Fixed charges
35,431

 
34,849

 
33,073

 
29,686

 
28,325

Total earnings, as defined
$
159,019

 
$
146,886

 
$
151,947

 
$
142,731

 
$
124,202

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
35,040

 
$
34,452

 
$
32,731

 
$
29,273

 
$
27,797

Interest component of leases
391

 
397

 
342

 
413

 
528

Total fixed charges, as defined
$
35,431

 
$
34,849

 
$
33,073

 
$
29,686

 
$
28,325

Ratio of earnings to fixed charges
4.5

 
4.2

 
4.6

 
4.8

 
4.4