Public Service Company of New Hampshire												Exhibit 12
Ratio of Earnings to Fixed Charges
(Unaudited)
(Thousands of Dollars)		Six Months
		Ended	For the Years Ended December 31,
		June 30, 2011		2010		2009		2008		2007		2006
Earnings, as defined:
Net income	$	49,129	$	90,067	$	65,570	$	58,067	$	54,434	$	35,323
Income tax expense		23,708		50,801		31,990		21,996		22,794		39,183
Equity in (earnings)/losses of regional nuclear
generating companies		(7)		(23)		(50)		(62)		(343)		74
Dividends received from regional equity investees		-		80		220		-		521		367
Fixed charges, as below		25,773		54,721		51,227		54,597		50,637		50,092
Less: Interest capitalized (including AFUDC)		(4,399)		(6,621)		(3,138)		(2,967)		(2,985)		(2,768)
Total earnings, as defined	$	94,204	$	189,025	$	145,819	$	131,631	$	125,058	$	122,271
Fixed charges, as defined:
Interest on long-term debt (a)	$	16,941	$	36,220	$	33,045	$	32,655	$	26,029	$	24,100
Interest on rate reduction bonds		3,570		9,660		13,128		15,969		18,013		20,828
Other interest (b)		346		1,187		316		1,539		2,243		829
Rental interest factor		517		1,033		1,600		1,467		1,367		1,567
Interest capitalized (including AFUDC)		4,399		6,621		3,138		2,967		2,985		2,768
Total fixed charges, as defined	$	25,773	$	54,721	$	51,227	$	54,597	$	50,637	$	50,092
Ratio of Earnings to Fixed Charges		3.66		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 six months ended June 30, 2011 and the years ended December 31, 2010 and 2009, other interest includes interest related to accounting for uncertain tax positions.