EX-12.01 4 nspmexhibit1201may2016.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

NSP-MINNESOTA AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
Three Months Ended
March 31, 2016
 
Year Ended Dec. 31
 
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income from operations
$
141,097

 
$
537,573

 
$
603,005

 
$
575,203

 
$
515,665

 
$
544,630

Add: Fixed charges
61,546

 
240,148

 
233,386

 
227,301

 
243,317

 
249,587

Total earnings, as defined
$
202,643

 
$
777,721

 
$
836,391

 
$
802,504

 
$
758,982

 
$
794,217

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
54,015

 
$
208,763

 
$
199,667

 
$
191,889

 
$
201,158

 
$
208,003

Interest component of leases
7,531

 
31,385

 
33,719

 
35,412

 
42,159

 
41,584

Total fixed charges, as defined
$
61,546

 
$
240,148

 
$
233,386

 
$
227,301

 
$
243,317

 
$
249,587

Ratio of earnings to fixed charges
3.3

 
3.2

 
3.6

 
3.5

 
3.1

 
3.2