EX-12.01 2 nspmex1201q42014.htm EXHIBIT 12.01 NSPM EX 12.01 Q4 2014


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
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
603,005

 
$
575,203

 
$
515,665

 
$
544,630

 
$
455,416

Add: Fixed charges
233,386

 
227,301

 
243,317

 
249,587

 
243,620

Total earnings, as defined
$
836,391

 
$
802,504

 
$
758,982

 
$
794,217

 
$
699,036

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
199,667

 
$
191,889

 
$
201,158

 
$
208,003

 
$
201,431

Interest component of leases
33,719

 
35,412

 
42,159

 
41,584

 
42,189

Total fixed charges, as defined
$
233,386

 
$
227,301

 
$
243,317

 
$
249,587

 
$
243,620

Ratio of earnings to fixed charges
3.6

 
3.5

 
3.1

 
3.2

 
2.9