EX-12.01 2 psco-ex1201q42013.htm EXHIBIT PSCO-EX12.01 Q4 2013


Exhibit 12.01

PUBLIC SERVICE CO. OF COLORADO AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
Year Ended Dec. 31
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
704,123

 
$
690,620

 
$
625,164

 
$
628,901

 
$
493,725

Add: Fixed charges
232,539

 
254,443

 
253,867

 
233,604

 
224,041

Total earnings, as defined
$
936,662

 
$
945,063

 
$
879,031

 
$
862,505

 
$
717,766

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
173,602

 
$
188,094

 
$
186,885

 
$
171,945

 
$
166,212

Interest charges on life insurance policy borrowings
245

 
310

 
332

 
372

 
324

Interest component of leases
58,692

 
66,039

 
66,650

 
61,287

 
57,505

Total fixed charges, as defined
$
232,539

 
$
254,443

 
$
253,867

 
$
233,604

 
$
224,041

Ratio of earnings to fixed charges
4.0

 
3.7

 
3.5

 
3.7

 
3.2