EX-12.01 4 pscoexhibit1201june2017.htm EXHIBIT 12.01 Exhibit


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)
 
Three Months
Ended March 31,
2017
 
Year Ended Dec. 31
 
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income
$
176,771

 
$
737,409

 
$
745,242

 
$
698,779

 
$
704,123

 
$
690,620

Add: Fixed charges
58,976

 
236,080

 
235,530

 
232,832

 
232,539

 
254,443

Total earnings, as defined
$
235,747

 
$
973,489

 
$
980,772

 
$
931,611

 
$
936,662

 
$
945,063

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
45,882

 
$
181,631

 
$
177,430

 
$
171,881

 
$
173,602

 
$
188,094

Interest charges on life insurance policy borrowings
59

 
203

 
233

 
214

 
245

 
310

Interest component of leases
13,035

 
54,246

 
57,867

 
60,737

 
58,692

 
66,039

Total fixed charges, as defined
$
58,976

 
$
236,080

 
$
235,530

 
$
232,832

 
$
232,539

 
$
254,443

Ratio of earnings to fixed charges
4.0

 
4.1

 
4.2

 
4.0

 
4.0

 
3.7