EX-12 2 nelectricexh121.htm NSTAR ELECTRIC RATIO OF EARNINGS TO FIXED CHANGES NSTAR Electric Form 10-Q Exhibit 12.1 & 12.2

Exhibit 12.1



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

Twelve Months Ended March 31, 2011

(in thousands)



Net income from continuing operations

  

$

248,756

Less: equity income from investees

 

 

912

Plus: distributed income of equity investees

 

 

669

Income taxes

  

 

162,543

Fixed charges (including securitization certificates)

  

 

76,299

   Total

  

$

487,355

 

 

 

 

Interest expense

  

$

69,895

Interest component of rentals (estimated as one-third of rental expense)

  

 

6,404

   Total

  

$

76,299

 

 

 

 

Ratio of earnings to fixed charges

  

 

6.39

 

 

 

 






Exhibit 12.2



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

Twelve Months Ended March 31, 2011

(in thousands)




Net income from continuing operations (before preferred stock dividend)

  

$

248,756

Less: equity income from investees

 

 

912

Plus: distributed income of equity investees

 

 

669

Income taxes

  

 

162,543

Fixed charges (including securitization certificates)

  

 

76,299

   Total

  

$

487,355

 

 

 

 

Interest expense

  

$

69,895

Interest component of rentals (estimated as one-third of rental expense)

  

 

6,404

   Subtotal

  

 

76,299

Preferred stock dividend requirements

 

 

3,241

   Total

 

$

79,540

 

 

 

 

Ratio of earnings to fixed charges and preferred stock dividend requirements

  

 

6.13