EX-12.01 10 a2190946zex-12_01.htm EX-12.01

Exhibit 12.01

 

XCEL ENERGY INC. AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES

(amounts in thousands of dollars)

 

 

 

Year ended Dec. 31,

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

984,406

 

$

870,383

 

$

750,092

 

$

672,577

 

$

684,199

 

Add: Fixed charges

 

654,080

 

722,561

 

622,554

 

593,707

 

579,447

 

Deduct: Undistributed equity in earnings of unconsolidated affiliates

 

3,571

 

1,900

 

2,775

 

712

 

3,342

 

Earnings as defined

 

$

1,634,915

 

$

1,591,044

 

$

1,369,871

 

$

1,265,572

 

$

1,260,304

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

552,919

 

$

563,438

 

$

486,967

 

$

463,370

 

$

458,294

 

Interest charges on life insurance policy borrowings

 

248

 

105,396

 

117,536

 

107,610

 

98,094

 

Interest component of leases

 

100,913

 

53,727

 

18,051

 

22,727

 

23,059

 

Total fixed charges

 

$

654,080

 

$

722,561

 

$

622,554

 

$

593,707

 

$

579,447

 

Ratio of earnings to fixed charges

 

2.5

 

2.2

 

2.2

 

2.1

 

2.2