EX-12.1 9 c77516exv12w1.txt EX-12.1 STATEMENT-COMPUTATION OF RATIO OF EARNINGS Exhibit 12.01 PUBLIC SERVICE COMPANY OF COLORADO (CONSOLIDATED) STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Thousands of Dollars
Three months ended Twelve months ended March 31, December 31, ------------------ ---------------------------------------------------- 2003 2002 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- ---- ---- Earnings: Net Income $ 70,087 $ 66,691 $264,680 $273,033 $196,128 $204,265 $200,103 Add: Income Taxes 36,880 33,620 128,686 132,501 102,770 96,574 101,494 Fixed charges 65,418 55,498 237,765 226,651 244,952 234,544 210,539 Deduct: Undistributed equity in earnings of unconsolidated affiliates - - - - - - - ---------- --------- --------- --------- --------- ---------- ---------- Earnings $172,385 $155,809 $631,131 $632,185 $543,850 $535,383 $512,136 ========== ========= ========= ========= ========= ========== ========== Fixed charges: Interest charges, excluding AFC - debt, per statement of income 61,732 51,698 223,021 211,451 229,752 219,344 200,828 Distributions on redeemable preferred securities of subsidiary trust 3,686 3,800 14,744 15,200 15,200 15,200 9,711 ---------- --------- --------- --------- --------- ---------- ---------- Total fixed charges $65,418 $ 55,498 $237,765 $226,651 $244,952 $234,544 $210,539 ========== ========= ========= ========= ========= ========== ========== Ratio of earnings to fixed charges 2.6 2.8 2.7 2.8 2.2 2.3 2.4 ========== ========= ========= ========= ========= ========== ==========