EX-12.1 4 ex12_1.htm EXHIBIT 12.1
EXHIBIT 12.1
 
UIL Holdings Corporation
 
Consolidated Ratio of Earnings to Fixed Charges
($ in Thousands)

   
2014
    
2013
    
2012
    
2011
    
2010
  
Net income from continuing operations
  
$
109,579
    
$
115,317
    
$
103,701
    
$
99,710
    
$
54,857
  
Federal and state income taxes
    
57,562
      
69,308
      
74,866
      
62,501
      
35,284
  
Fixed charges (from below)
    
98,355
      
93,731
      
96,341
      
100,894
      
57,990
  
Less: Capitalized Interest
    
5,157
      
7,170
      
6,979
      
9,143
      
4,735
  
Total EBIT
  
$
260,339
    
$
271,186
    
$
267,929
    
$
253,962
    
$
143,396
  
                                         
Ratio of Earnings to Fixed Charges
    
2.65
      
2.89
      
2.78
      
2.52
      
2.47
  
                                         
Fixed Charges
                                        
Interest, excluding AFUDC Debt
  
$
93,941
    
$
89,338
    
$
90,105
    
$
92,610
    
$
51,910
  
Amortization of Debt Issuance Costs
    
2,439
      
2,431
      
2,437
      
2,775
      
1,788
  
1/3 of rental charges (represents interest portion)
    
1,975
      
1,962
      
3,799
      
5,509
      
4,292
  
Total Fixed Charges
  
$
98,355
    
$
93,731
    
$
96,341
    
$
100,894
    
$
57,990