EX-12.01 2 a09-1290_1ex12d01.htm EX-12.01

Exhibit 12.01

 

NSP-MINNESOTA AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)

 

 

 

Year ended Dec. 31,

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

463,377

 

$

449,327

 

$

399,916

 

$

349,527

 

$

324,887

 

Add: Fixed charges

 

240,539

 

211,660

 

176,169

 

158,352

 

150,610

 

Earnings as defined

 

$

703,916

 

$

660,987

 

$

576,085

 

$

507,879

 

$

475,497

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

198,369

 

$

186,293

 

$

165,381

 

$

150,261

 

$

142,147

 

Interest component of leases

 

42,170

 

25,367

 

10,788

 

8,091

 

8,463

 

Total fixed charges

 

$

240,539

 

$

211,660

 

$

176,169

 

$

158,352

 

$

150,610

 

Ratio of earnings to fixed charges

 

2.9

 

3.1

 

3.3

 

3.2

 

3.2