EX-12.01 2 ex12_01.htm EXHIBIT 12.01 ex12_01.htm
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
  
   
2011
    
2010
    
2009
    
2008
    
2007
  
Earnings, as defined:
                              
Pretax income from operations
   $ 84,620     $ 68,861     $ 72,981     $ 73,295     $ 59,984  
Add: Fixed charges
     24,628       24,897       25,102       25,934       23,589  
Total earnings, as defined
   $ 109,248     $ 93,758     $ 98,083     $ 99,229     $ 83,573  
                                         
Fixed charges, as defined:
                                        
Interest charges
   $ 24,168     $ 24,517     $ 24,782     $ 25,641     $ 22,967  
Interest component of leases
     460       380       320       293       622  
Total fixed charges, as defined
   $ 24,628     $ 24,897     $ 25,102     $ 25,934     $ 23,589  
Ratio of earnings to fixed charges
     4.4       3.8       3.9       3.8       3.5