EX-12.01 2 nspwex1201q42014.htm EXHIBIT 12.01 NSPW EX 12.01 Q4 2014


Exhibit 12.01

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

 
Year Ended Dec. 31
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
113,045

 
$
95,877

 
$
79,509

 
$
84,620

 
$
68,861

Add: Fixed charges
29,686

 
28,325

 
25,215

 
24,628

 
24,897

Total earnings, as defined
$
142,731

 
$
124,202

 
$
104,724

 
$
109,248

 
$
93,758

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
29,273

 
$
27,797

 
$
24,799

 
$
24,168

 
$
24,517

Interest component of leases
413

 
528

 
416

 
460

 
380

Total fixed charges, as defined
$
29,686

 
$
28,325

 
$
25,215

 
$
24,628

 
$
24,897

Ratio of earnings to fixed charges
4.8

 
4.4

 
4.2

 
4.4

 
3.8