EX-12.1 & 12.2 2 nstarelectricexh121.htm NSTAR ELECTRIC RATIO OF EARNINGS TO FIXED CHARGES NSTAR Electric Form 10-Q  Exhibit 12.1 & 12.2

Exhibit 12.1



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

Twelve Months Ended March 31, 2010

(in thousands)



Net income from continuing operations

  

$

239,456

Less: equity income from investees

 

 

910

Plus: distributed income of equity investees

 

 

1,223

Income taxes

  

 

151,382

Fixed charges (including securitization certificates)

  

 

82,635

   Total

  

$

473,786

 

 

 

 

Interest expense

  

$

75,308

Interest component of rentals (estimated as one-third of rental expense)

  

 

7,327

   Total

  

$

82,635

 

 

 

 

Ratio of earnings to fixed charges

  

 

5.73

 

 

 

 






Exhibit 12.2



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

Twelve Months Ended March 31, 2010

(in thousands)




Net income from continuing operations (before preferred stock dividend)

  

$

239,456

Less: equity income from investees

 

 

910

Plus: distributed income of equity investees

 

 

1,223

Income taxes

  

 

151,382

Fixed charges (including securitization certificates)

  

 

82,635

   Total

  

$

473,786

 

 

 

 

Interest expense

  

$

75,308

Interest component of rentals (estimated as one-third of rental expense)

  

 

7,327

   Subtotal

  

 

82,635

Preferred stock dividend requirements

 

 

3,199

   Total

 

$

85,834

 

 

 

 

Ratio of earnings to fixed charges and preferred stock dividend requirements

  

 

5.52