Public Service Company of New Hampshire												Exhibit 12
Ratio of Earnings to Fixed Charges
(Unaudited)
(Thousands of Dollars)		Nine Months
		Ended	For the Years Ended December 31,
		September 30, 2010		2009		2008		2007		2006		2005
Earnings, as defined:
Net income	$	66,180	$	65,570	$	58,067	$	54,434	$	35,323	$	41,739
Income tax expense		36,950		31,990		21,996		22,794		39,183		12,234
Equity in (earnings)/losses of regional
nuclear generating companies		(17)		(50)		(62)		(343)		74		(230)
Dividends received from regional equity		-		220		-		521		367		172
investees
Fixed charges, as below		41,451		51,227		54,597		50,637		50,092		49,751
Less: Interest capitalized (including AFUDC)		(4,417)		(3,138)		(2,967)		(2,985)		(2,768)		(1,896)
Total earnings, as defined	$	140,147	$	145,819	$	131,631	$	125,058	$	122,271	$	101,770
Fixed charges, as defined:
Interest on long-term debt (a)	$	27,705	$	33,045	$	32,655	$	26,029	$	24,100	$	20,481
Interest on rate reduction bonds		7,557		13,128		15,969		18,013		20,828		24,074
Other interest (b)		572		316		1,539		2,243		829		1,733
Rental interest factor		1,200		1,600		1,467		1,367		1,567		1,567
Interest capitalized (including AFUDC)		4,417		3,138		2,967		2,985		2,768		1,896
Total fixed charges, as defined	$	41,451	$	51,227	$	54,597	$	50,637	$	50,092	$	49,751
Ratio of Earnings to Fixed Charges		3.38		2.85		2.41		2.47		2.44		2.05
(a) Interest on long-term debt amounts include amortized premiums, discounts and capitalized expenses related to indebtedness.
(b) For the nine months ended September 30, 2010 and for the year ended December 31, 2009, other interest includes interest related to accounting for uncertain tax positions.