EX-12 12 c75998exv12.txt EX-12 STATEMENT RE: COMPUTATION OF RATIOS EXHIBIT 12 PUBLIC SERVICE COMPANY OF COLORADO AND SUBSIDIARIES COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO CONSOLIDATED FIXED CHARGES (NOT COVERED BY REPORT OF INDEPENDENT AUDITOR)
YEAR ENDED DECEMBER 31, --------------------------------------------------------- 2002 2001 2000 1999 1998 --------- --------- --------- --------- --------- IN THOUSANDS, EXCEPT RATIOS EARNINGS: Net income $ 264,680 $ 273,033 $ 196,128 $ 204,265 $ 200,103 Provisions for Federal and state taxes on income 128,686 132,501 102,770 96,574 101,494 Fixed charges as below 237,765 226,651 244,952 234,544 210,539 Less: Undistributed equity in earnings of unconsolidated affiliates -- -- -- -- -- --------- --------- --------- --------- --------- Total $ 631,131 $ 632,185 $ 543,850 $ 535,383 $ 512,136 ========= ========= ========= ========= ========= FIXED CHARGES: Interest charges, excluding AFC -- debt $ 223,021 $ 211,451 $ 229,752 $ 219,344 $ 200,828 Distributions on redeemable preferred securities of subsidiary trust 14,744 15,200 15,200 15,200 9,711 --------- --------- --------- --------- --------- Total $ 237,765 $ 226,651 $ 244,952 $ 234,544 $ 210,539 ========= ========= ========= ========= ========= RATIO OF EARNINGS TO FIXED CHARGES 2.7 2.8 2.2 2.3 2.4 ========= ========= ========= ========= =========