EX-12.01 5 a8-knspwjune2014xexhibit12.htm EXHIBIT 12.01 Exhibit 12.01 Earnings to Fixed Charges

Exhibit 12.01

NSP-WISCONSIN AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
Three Months
Ended March 31,
2014
 
Year Ended Dec. 31
 
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income from operations
$
38,158

 
$
95,877

 
$
79,509

 
$
84,620

 
$
68,861

 
$
72,981

Add: Fixed charges
6,993

 
28,325

 
25,215

 
24,628

 
24,897

 
25,102

Total earnings, as defined
$
45,151

 
$
124,202

 
$
104,724

 
$
109,248

 
$
93,758

 
$
98,083

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
6,867

 
$
27,797

 
$
24,799

 
$
24,168

 
$
24,517

 
$
24,782

Interest component of leases
126

 
528

 
416

 
460

 
380

 
320

Total fixed charges, as defined
$
6,993

 
$
28,325

 
$
25,215

 
$
24,628

 
$
24,897

 
$
25,102

Ratio of earnings to fixed charges
6.5

 
4.4

 
4.2

 
4.4

 
3.8

 
3.9