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

Exhibit 12.1



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

Year Ended December 31, 2010

(in thousands)



Net income from continuing operations

  

$

248,575

Less: equity income from investees

 

 

836

Plus: distributed income of equity investees

 

 

669

Income taxes

  

 

162,020

Fixed charges (including securitization certificates)

  

 

77,915

   Total

  

$

488,343

 

 

 

 

Interest expense

  

$

71,511

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

  

 

6,404

   Total

  

$

77,915

 

 

 

 

Ratio of earnings to fixed charges

  

 

6.27

 

 

 

 






Exhibit 12.2



NSTAR Electric Company

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

Year Ended December 31, 2010

(in thousands)




Net income from continuing operations (before preferred stock dividend)

  

$

248,575

Less: equity income from investees

 

 

836

Plus: distributed income of equity investees

 

 

669

Income taxes

  

 

162,020

Fixed charges (including securitization certificates)

  

 

77,915

   Total

  

$

488,343

 

 

 

 

Interest expense

  

$

71,511

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

  

 

6,404

   Subtotal

  

 

77,915

Preferred stock dividend requirements

 

 

3,238

   Total

 

$

81,153

 

 

 

 

Ratio of earnings to fixed charges and preferred stock dividend requirements

  

 

6.02