EX-99.3 4 dex993.htm STATEMENT REGARDING COMPUTATION OF RATIO Statement Regarding Computation of Ratio

Exhibit 99.3

Statement regarding the computation of ratio

NSTAR

Computation of Earnings to Fixed Charges

(Dollars in Thousands)

 

Fixed Charge Ratio Components

   Twelve Months
Ended
September 30,
2009
 
  

Earnings:

  

Net Income from Continuing Operations

   $ 247,730   

Less: Equity Income from Investees

     839   

Plus: Distributed Income of Equity Investees

     1,678   

Income Taxes

     149,746   
        

Earnings from Continuing Operations

   $ 398,315   
        

Fixed Charges:

  

Interest Expense

   $ 137,210   

Interest Component of Rentals*

     8,903   
        

Total Fixed Charges

   $ 146,113   
        

Earnings from Continuing Operations, plus Fixed Charges

   $ 544,428   
        

Ratio of Earnings to Fixed Charges

     3.73

 

 

* Includes 1/3 of rental expense as no readily defined interest element can be determined.