EX-12.01 4 nspwexhibit1201june2015.htm EXHIBIT 12.01 NSPW Exhibit 12.01 June 2015

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,
2015
 
Year Ended Dec. 31
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income from operations
$
35,331

 
$
113,045

 
$
95,877

 
$
79,509

 
$
84,620

 
$
68,861

Add: Fixed charges
7,836

 
29,686

 
28,325

 
25,215

 
24,628

 
24,897

Total earnings, as defined
$
43,167

 
$
142,731

 
$
124,202

 
$
104,724

 
$
109,248

 
$
93,758

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
7,756

 
$
29,273

 
$
27,797

 
$
24,799

 
$
24,168

 
$
24,517

Interest component of leases
80

 
413

 
528

 
416

 
460

 
380

Total fixed charges, as defined
$
7,836

 
$
29,686

 
$
28,325

 
$
25,215

 
$
24,628

 
$
24,897

Ratio of earnings to fixed charges
5.5

 
4.8

 
4.4

 
4.2

 
4.4

 
3.8