EX-12.01 2 a07-16576_1ex12d01.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

Exhibit 12.01

XCEL ENERGY INC.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars)

 

 

 

September 30,

 

December 31,

 

 

 

2007

 

2006

 

2005

 

2004

 

2003

 

2002

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

739,806

 

$

773,871

 

$

693,024

 

$

701,207

 

$

706,720

 

$

805,063

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

400,621

 

504,943

 

485,922

 

481,331

 

497,023

 

466,070

 

Deduct:

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed equity in earnings (loss) of unconsolidated affiliates

 

1,632

 

2,775

 

712

 

3,342

 

4,833

 

(2,644

)

Earnings as defined

 

1,138,795

 

1,276,039

 

1,178,234

 

1,179,196

 

1,198,910

 

1,273,777

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges within rental expense

 

390,407

 

486,892

 

463,195

 

458,272

 

448,672

 

400,629

 

Interest component of leases

 

10,214

 

18,051

 

22,727

 

23,059

 

25,620

 

27,097

 

Preference security dividend requirements of consolidated subsidiaries

 

 

 

—

 

—

 

—

 

22,731

 

38,344

 

Total fixed charges

 

$

400,621

 

504,943

 

485,922

 

481,331

 

497,023

 

466,070

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.8

 

2.5

 

2.4

 

2.4

 

2.4

 

2.7