EX-12.01 2 psco-ex1201q42014.htm EXHIBIT 12.01 PSCO-EX12.01 Q4 2014


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
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
698,779

 
$
704,123

 
$
690,620

 
$
625,164

 
$
628,901

Add: Fixed charges
232,832

 
232,539

 
254,443

 
253,867

 
233,604

Total earnings, as defined
$
931,611

 
$
936,662

 
$
945,063

 
$
879,031

 
$
862,505

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
171,881

 
$
173,602

 
$
188,094

 
$
186,885

 
$
171,945

Interest charges on life insurance policy borrowings
214

 
245

 
310

 
332

 
372

Interest component of leases
60,737

 
58,692

 
66,039

 
66,650

 
61,287

Total fixed charges, as defined
$
232,832

 
$
232,539

 
$
254,443

 
$
253,867

 
$
233,604

Ratio of earnings to fixed charges
4.0

 
4.0

 
3.7

 
3.5

 
3.7