EX-12.01 3 c83753exv12w01.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS exv12w01
 

Exhibit 12.1

NORTHERN STATES POWER COMPANY — WISCONSIN

COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES

                                         
    Year Ended December 31,
    2003
   2002
   2001
   2000
   1999
            (in thousands, except ratios)        
Earnings:
                                        
Net income
   $ 57,470     $ 54,373     $ 36,392     $ 30,296     $ 36,366  
Provisions for Federal and state taxes on income
     27,036       36,925       21,158       20,690       25,302  
Fixed charges as below
     23,250       23,467       23,139       21,557       19,627  
Less: Undistributed equity in earnings of unconsolidated affiliates
     21       232       553       411       409  
 
    
 		      
 		      
 		      
 		      
 		  
Total
   $ 107,735     $ 114,533     $ 80,136     $ 72,132     $ 80,886  
 
    
 		      
 		      
 		      
 		      
 		  
Fixed Charges:
                                        
Interest charges, excluding AFC — debt
   $ 23,250     $ 23,467     $ 23,139     $ 21,557     $ 19,627  
Distributions on redeemable preferred securities of subsidiary trust
     —       —       —       —       —  
 
    
 		      
 		      
 		      
 		      
 		  
Total
   $ 23,250     $ 23,467     $ 23,139     $ 21,557     $ 19,627  
 
    
 		      
 		      
 		      
 		      
 		  
Ratio of earnings to fixed charges
     4.6       4.9       3.5       3.3       4.1