EX-12.01 5 a08-8199_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)

 

 

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

449,327

 

$

399,916

 

$

349,527

 

$

324,887

 

$

269,466

 

Add: Fixed charges

 

211,660

 

176,169

 

158,352

 

150,610

 

153,352

 

Earnings as defined

 

$

660,987

 

$

576,085

 

$

507,879

 

$

475,497

 

$

422,818

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

186,293

 

$

165,381

 

$

150,261

 

$

142,147

 

$

135,764

 

Interest component of operating leases

 

25,367

 

10,788

 

8,091

 

8,463

 

8,401

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

—

 

—

 

9,187

 

Total fixed charges

 

$

211,660

 

$

176,169

 

$

158,352

 

$

150,610

 

$

153,352

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.1

 

3.3

 

3.2

 

3.2

 

2.8