Public Service Company of New Hampshire										Exhibit 12
Ratio of Earnings to Fixed Charges
(Thousands of Dollars)
	For the Years Ended December 31,
		2010		2009		2008		2007		2006
Earnings, as defined:
Net income	$	90,067	$	65,570	$	58,067	$	54,434	$	35,323
Income tax expense		50,801		31,990		21,996		22,794		39,183
Equity in (earnings)/losses of regional nuclear
generating companies		(23)		(50)		(62)		(343)		74
Dividends received from regional equity investees		80		220		-		521		367
Fixed charges, as below		54,721		51,227		54,597		50,637		50,092
Less: Interest capitalized (including AFUDC)		(6,621)		(3,138)		(2,967)		(2,985)		(2,768)
Total earnings, as defined	$	189,025	$	145,819	$	131,631	$	125,058	$	122,271
Fixed charges, as defined:
Interest on long-term debt (a)	$	36,220	$	33,045	$	32,655	$	26,029	$	24,100
Interest on rate reduction bonds		9,660		13,128		15,969		18,013		20,828
Other interest (b)		1,187		316		1,539		2,243		829
Rental interest factor		1,033		1,600		1,467		1,367		1,567
Interest capitalized (including AFUDC)		6,621		3,138		2,967		2,985		2,768
Total fixed charges, as defined	$	54,721	$	51,227	$	54,597	$	50,637	$	50,092
Ratio of Earnings to Fixed Charges		3.45		2.85		2.41		2.47		2.44
(a) Interest on long-term debt amounts include amortized premiums, discounts and capitalized expenses related to indebtedness.
(b) For the year ended December 31, 2009, other interest includes interest related to accounting for uncertain tax positions.