EX-12.01 2 a09-1291_1ex12d01.htm EX-12.01

Exhibit 12.01

 

NSP-WISCONSIN AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(amounts in thousands of dollars)

 

 

 

Year ended Dec. 31,

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

73,295

 

$

59,984

 

$

68,142

 

$

41,633

 

$

89,600

 

Add: Fixed charges

 

25,934

 

23,589

 

23,920

 

24,606

 

22,956

 

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

 

—

 

—

 

—

 

—

 

(10

)

Earnings as defined

 

$

99,229

 

$

83,573

 

$

92,062

 

$

66,239

 

$

112,566

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

25,641

 

$

22,967

 

$

23,149

 

$

23,242

 

$

21,871

 

Interest component of leases

 

293

 

622

 

771

 

1,364

 

1,085

 

Total fixed charges

 

$

25,934

 

$

23,589

 

$

23,920

 

$

24,606

 

$

22,956

 

Ratio of earnings to fixed charges

 

3.8

 

3.5

 

3.8

 

2.7

 

4.9