EX-12.01 5 a06-12391_1ex12d01.htm EX-12

Exhibit 12.01

 

NORTHERN STATES POWER COMPANY - MINNESOTA (CONSOLIDATED)

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

Thousands of Dollars

 

 

 

March 31,

 

December 31,

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

2001

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

58,942

 

$

237,744

 

$

230,274

 

$

192,942

 

$

200,222

 

$

207,865

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Taxes

 

31,825

 

111,783

 

94,613

 

76,524

 

108,141

 

132,732

 

Fixed charges

 

40,303

 

151,396

 

142,147

 

144,951

 

123,220

 

112,780

 

Earnings

 

$

131,070

 

$

500,923

 

$

467,034

 

$

414,417

 

$

431,583

 

$

453,377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges, excluding AFC - debt, per statement of income

 

$

40,303

 

$

151,396

 

$

142,147

 

$

135,764

 

$

107,470

 

$

97,030

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

—

 

9,187

 

15,750

 

15,750

 

Total fixed charges

 

$

40,303

 

$

151,396

 

$

142,147

 

$

144,951

 

$

123,220

 

$

112,780

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.3

 

3.3

 

3.3

 

2.9

 

3.5

 

4.0