EX-12.01 5 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
(Thousands of Dollars, except ratio)
 
   
Pro Forma
          
Pro Forma
                                
   
Six Months
    
Six Months
    
Year Ended
                                
   
Ended June 30,
     Ended June 30,    
Dec. 31,
    
Year Ended Dec. 31
  
   
2012
    
2012
    
2011
    
2011
    
2010
    
2009
    
2008
    
2007
  
Earnings, as defined:
                                                
Pretax income from operations
   $ 31,973     $ 33,652     $ 81,077     $ 84,620     $ 68,861     $ 72,981     $ 73,295     $ 59,984  
Add: Fixed charges
     13,949       12,270       28,171       24,628       24,897       25,102       25,934       23,589  
Total earnings, as defined
   $ 45,922     $ 45,922     $ 109,248     $ 109,248     $ 93,758     $ 98,083     $ 99,229     $ 83,573  
                                                                 
Fixed charges, as defined:
                                                                
Interest charges
   $ 13,738     $ 12,059     $ 27,711     $ 24,168     $ 24,517     $ 24,782     $ 25,641     $ 22,967  
Interest component of leases
     211       211       460       460       380       320       293       622  
Total fixed charges, as defined
   $ 13,949     $ 12,270     $ 28,171     $ 24,628     $ 24,897     $ 25,102     $ 25,934     $ 23,589  
Ratio of earnings to fixed charges
     3.3       3.7       3.9       4.4       3.8       3.9       3.8       3.5