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 September 30, 2010

(in thousands)



Net income from continuing operations

  

$

250,859

Less: equity income from investees

 

 

634

Plus: distributed income of equity investees

 

 

666

Income taxes

  

 

162,362

Fixed charges (including securitization certificates)

  

 

81,589

   Total

  

$

494,842

 

 

 

 

Interest expense

  

$

74,262

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

  

 

7,327

   Total

  

$

81,589

 

 

 

 

Ratio of earnings to fixed charges

  

 

6.07

 

 

 

 






Exhibit 12.2



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

Twelve Months Ended September 30, 2010

(in thousands)




Net income from continuing operations (before preferred stock dividend)

  

$

250,859

Less: equity income from investees

 

 

634

Plus: distributed income of equity investees

 

 

666

Income taxes

  

 

162,362

Fixed charges (including securitization certificates)

  

 

81,589

   Total

  

$

494,842

 

 

 

 

Interest expense

  

$

74,262

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

  

 

7,327

   Subtotal

  

 

81,589

Preferred stock dividend requirements

 

 

3,229

   Total

 

$

84,818

 

 

 

 

Ratio of earnings to fixed charges and preferred stock dividend requirements

  

 

5.83