EX-12 7 ex12.htm EXHIBIT 12 ex12.htm
Exhibit 12

NORTHERN STATES POWER COMPANY – MINNESOTA (CONSOLIDATED)
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)

         
Year Ended December 31,
  
   
YTD 9/10
    
2009
    
2008
    
2007
    
2006
    
2005
  
                                     
Earnings as defined:
                                    
Pretax income from continuing operations
   $ 358,795     $ 468,891     $ 463,377     $ 449,327     $ 399,916     $ 349,527  
Add: Fixed charges
     180,420       239,022       240,539       211,660       176,169       158,352  
Earnings as defined
   $ 539,215     $ 707,913     $ 703,916     $ 660,987     $ 576,085     $ 507,879  
                                                 
Fixed charges:
                                                
Interest charges
   $ 149,940     $ 194,808     $ 198,369     $ 186,293     $ 165,381     $ 150,261  
Interest component of operating leases
     30,480       44,214       42,170       25,367       10,788       8,091  
Total fixed charges
   $ 180,420     $ 239,022     $ 240,539     $ 211,660     $ 176,169     $ 158,352  
                                                 
Ratio of earnings to fixed charges
                                                
      3.0       3.0       2.9       3.1       3.3       3.2