Public Service Company of New Hampshire and Subsidiary													Exhibit 12
Ratio of Earnings to Fixed Charges
(Unaudited)
		Nine Months
		Ended
		September 30,		For the Years Ended December 31,
(Thousands of Dollars)		2015			2014		2013		2012		2011		2010
Earnings, as defined:
	Net income	$	92,491	$	113,944	$	111,397	$	96,882	$	100,267	$	90,067
	Income tax expense		56,135		72,135		71,101		60,993		49,945		50,801
	Equity in earnings of regional nuclear   generating companies		(5)		(8)		(12)		(8)		(7)		(23)
	Dividends received from regional equity investees		-		-		42		-		-		80
	Fixed charges, as below		35,624		46,530		47,318		52,769		52,111		54,721
	Less: Interest capitalized (including AFUDC)		(636)		(640)		(500)		(1,579)		(7,064)		(6,621)
Total earnings, as defined		$	183,609	$	231,961	$	229,346	$	209,057	$	195,252	$	189,025
Fixed charges, as defined:
	Interest Expense	$	34,582	$	45,349	$	46,176	$	50,228	$	44,147	$	47,067
	Rental interest factor		406		541		642		962		900		1,033
	Interest capitalized (including AFUDC)		636		640		500		1,579		7,064		6,621
Total fixed charges, as defined		$	35,624	$	46,530	$	47,318	$	52,769	$	52,111	$	54,721
Ratio of Earnings to Fixed Charges			5.15		4.99		4.85		3.96		3.75		3.45