EX-12.1 & 12.2 2 nstarelectricexh121.htm NSTAR ELECTRIC RATIO OF EARNINGS TO FIXED CHANGES 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 June 30, 2010

(in thousands)



Net income from continuing operations

  

$

243,001

Less: equity income from investees

 

 

871

Plus: distributed income of equity investees

 

 

316

Income taxes

  

 

156,229

Fixed charges (including securitization certificates)

  

 

83,144

   Total

  

$

481,819

 

 

 

 

Interest expense

  

$

75,817

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

  

 

7,327

   Total

  

$

83,144

 

 

 

 

Ratio of earnings to fixed charges

  

 

5.79

 

 

 

 






Exhibit 12.2



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

Twelve Months Ended June 30, 2010

(in thousands)




Net income from continuing operations (before preferred stock dividend)

  

$

243,001

Less: equity income from investees

 

 

871

Plus: distributed income of equity investees

 

 

316

Income taxes

  

 

156,229

Fixed charges (including securitization certificates)

  

 

83,144

   Total

  

$

481,819

 

 

 

 

Interest expense

  

$

75,817

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

  

 

7,327

   Subtotal

  

 

83,144

Preferred stock dividend requirements

 

 

3,220

   Total

 

$

86,364

 

 

 

 

Ratio of earnings to fixed charges and preferred stock dividend requirements

  

 

5.58