EX-12.01 7 a08-16829_1ex12d01.htm EX-12.01

Exhibit 12

 

NSP-WISCONSIN AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars)

 

 

 

Three Months
Ended
March 31,

 

Year Ended December 31,

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

21,086

 

$

59,984

 

$

68,142

 

$

41,633

 

$

89,600

 

$

84,506

 

Add: Fixed charges

 

6,083

 

23,589

 

23,920

 

24,606

 

22,956

 

24,427

 

Deduct: Undistributed equity in earnings (loss) of unconsolidated affiliates

 

—

 

—

 

—

 

—

 

(10

)

21

 

Earnings as defined

 

$

27,169

 

$

83,573

 

$

92,062

 

$

66,239

 

$

112,566

 

$

108,912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

6,083

 

$

22,967

 

$

23,149

 

$

23,242

 

$

21,871

 

$

23,249

 

Interest component of operating leases

 

—

 

622

 

771

 

1,364

 

1,085

 

1,178

 

Total fixed charges

 

$

6,083

 

$

23,589

 

$

23,920

 

$

24,606

 

$

22,956

 

$

24,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

4.5

 

3.5

 

3.8

 

2.7

 

4.9

 

4.6