Public Service Company of New Hampshire and Subsidiary													Exhibit 12
Ratio of Earnings to Fixed Charges
(Unaudited)
		Six Months
		Ended
		June 30,		For the Years Ended December 31,
(Thousands of Dollars)		2016			2015		2014		2013		2012		2011
Earnings, as defined:
	Net income	$	67,313	$	114,442	$	113,944	$	111,397	$	96,882	$	100,267
	Income tax expense		41,899		73,060		72,135		71,101		60,993		49,945
	Equity in earnings of equity investees		(4)		(8)		(8)		(12)		(8)		(7)
	Dividends received from equity investees		-		-		-		42		-		-
	Fixed charges, as below		25,915		47,949		46,530		47,318		52,769		52,111
	Less: Interest capitalized (including AFUDC)		(445)		(994)		(640)		(500)		(1,579)		(7,064)
Total earnings, as defined		$	134,678	$	234,449	$	231,961	$	229,346	$	209,057	$	195,252
Fixed charges, as defined:
	Interest Expense	$	24,987	$	45,990	$	45,349	$	46,176	$	50,228	$	44,147
	Rental interest factor		483		965		541		642		962		900
	Interest capitalized (including AFUDC)		445		994		640		500		1,579		7,064
Total fixed charges, as defined		$	25,915	$	47,949	$	46,530	$	47,318	$	52,769	$	52,111
Ratio of Earnings to Fixed Charges			5.20		4.89		4.99		4.85		3.96		3.75