EX-12.01 5 a07-17244_1ex12d01.htm EX-12.01

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,

 

 

 

2007

 

2006

 

2005

 

2004

 

2003

 

2002

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

42,503

 

$

272,310

 

$

237,744

 

$

230,274

 

$

192,942

 

$

200,222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Taxes

 

21,671

 

127,606

 

111,783

 

94,613

 

76,524

 

108,141

 

Fixed charges

 

47,319

 

176,169

 

158,352

 

150,610

 

153,352

 

132,830

 

Earnings

 

$

111,493

 

$

576,085

 

$

507,879

 

$

475,497

 

$

422,818

 

$

441,193

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

47,319

 

$

176,169

 

$

158,352

 

$

150,610

 

$

144,165

 

$

117,080

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

—

 

—

 

9,187

 

15,750

 

Total fixed charges

 

$

47,319

 

$

176,169

 

$

158,352

 

$

150,610

 

$

153,352

 

$

132,830

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.4

 

3.3

 

3.2

 

3.2

 

2.8

 

3.3