EX-12.01 4 a2182843zex-12_01.htm EXHIBIT 12.01

Exhibit 12.01

 

XCEL ENERGY INC. AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars)

 

 

 

Year ended Dec. 31,

 

 

 

2007

 

2006

 

2005

 

2004

 

2003

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

870,383

 

$

750,092

 

$

672,577

 

$

684,199

 

$

693,516

 

Add: Fixed charges

 

722,561

 

622,554

 

593,707

 

579,447

 

586,392

 

Deduct: Undistributed equity in earnings of unconsolidated affiliates

 

1,900

 

2,775

 

712

 

3,342

 

4,833

 

Earnings as defined

 

$

1,591,044

 

$

1,369,871

 

$

1,265,572

 

$

1,260,304

 

$

1,275,075

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

563,438

 

$

486,967

 

$

463,370

 

$

458,294

 

$

448,690

 

Interest charges on life insurance policy borrowings

 

105,396

 

117,536

 

107,610

 

98,094

 

89,351

 

Interest component of leases

 

53,727

 

18,051

 

22,727

 

23,059

 

25,620

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

—

 

—

 

22,731

 

Total fixed charges

 

$

722,561

 

$

622,554

 

$

593,707

 

$

579,447

 

$

586,392

 

Ratio of earnings to fixed charges

 

2.2

 

2.2

 

2.1

 

2.2

 

2.2