EX-12.01 2 nspwex1201q42015.htm EXHIBIT 12.01 Exhibit


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
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
118,874

 
$
113,045

 
$
95,877

 
$
79,509

 
$
84,620

Add: Fixed charges
33,073

 
29,686

 
28,325

 
25,215

 
24,628

Total earnings, as defined
$
151,947

 
$
142,731

 
$
124,202

 
$
104,724

 
$
109,248

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
32,731

 
$
29,273

 
$
27,797

 
$
24,799

 
$
24,168

Interest component of leases
342

 
413

 
528

 
416

 
460

Total fixed charges, as defined
$
33,073

 
$
29,686

 
$
28,325

 
$
25,215

 
$
24,628

Ratio of earnings to fixed charges
4.6

 
4.8

 
4.4

 
4.2

 
4.4