Exhibit 12.01

XCEL ENERGY INC.

STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES

(thousands of dollars)

	Year  ended Dec. 31,
	2006 (As restated)		2005 (As restated)		2004 (As restated)		2003 (As restated)		2002 (As restated)
Earnings as defined:
Pretax income from continuing operations	$	750,092	$	672,577	$	684,199	$	693,516	$	793,701
Add: Fixed charges	622,554		593,707		579,447		586,392		547,357
Deduct: Undistributed equity in earnings (loss) of unconsolidated affiliates	2,775		712		3,342		4,833		(2,644		)
Earnings as defined	1,369,871		1,265,572		1,260,304		1,275,075		1,343,702
Fixed charges:
Interest charges	622,554		593,707		579,447		563,661		509,013
Distributions on redeemable preferred securities of subsidiary trust	—		—		—		22,731		38,344
Total fixed charges	622,554		593,707		579,447		586,392		547,357
Ratio of earnings to fixed charges	2.2		2.1		2.2		2.2		2.5