EX-12.01 5 nspwexhibit1201nov2017.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)

 
Nine Months
Ended Sept. 30,
2017
 
Year Ended Dec. 31
 
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income from operations
$
91,441

 
$
112,037

 
$
118,874

 
$
113,045

 
$
95,877

 
$
79,509

Add: Fixed charges
26,269

 
34,849

 
33,073

 
29,686

 
28,325

 
25,215

Total earnings, as defined
$
117,710

 
$
146,886

 
$
151,947

 
$
142,731

 
$
124,202

 
$
104,724

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
25,985

 
$
34,452

 
$
32,731

 
$
29,273

 
$
27,797

 
$
24,799

Interest component of leases
284

 
397

 
342

 
413

 
528

 
416

Total fixed charges, as defined
$
26,269

 
$
34,849

 
$
33,073

 
$
29,686

 
$
28,325

 
$
25,215

Ratio of earnings to fixed charges
4.5

 
4.2

 
4.6

 
4.8

 
4.4

 
4.2