EX-12.1 3 c77516a1exv12w1.txt EX-12.1 STATEMENT-COMPUTATION OF RATIO OF EARNINGS Exhibit 12.1 PUBLIC SERVICE COMPANY OF COLORADO (CONSOLIDATED) STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Thousands of Dollars, except ratios)
Six months ended Twelve months ended June 30, December 31, ------------------ ---------------------------------------------------- 2003 2002 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- ---- ---- Earnings: Net Income $103,741 $129,053 $264,680 $273,033 $196,128 $204,265 $200,103 Add: Income Taxes 45,953 70,240 128,686 132,501 102,770 96,574 101,494 Fixed charges 134,466 109,081 237,765 226,651 244,952 234,544 210,539 Deduct: Undistributed equity in earnings of unconsolidated affiliates - - - - - - - ---------- --------- --------- --------- --------- ---------- ---------- Earnings $284,160 $308,374 $631,131 $632,185 $543,850 $535,383 $512,136 ========== ========= ========= ========= ========= ========== ========== Fixed charges: Interest charges, excluding AFC - debt, per statement of income 127,094 101,709 223,021 211,451 229,752 219,344 200,828 Distributions on redeemable preferred securities of subsidiary trust 7,372 7,372 14,744 15,200 15,200 15,200 9,711 ---------- --------- --------- --------- --------- ---------- ---------- Total fixed charges $134,466 $109,081 $237,765 $226,651 $244,952 $234,544 $210,539 ========== ========= ========= ========= ========= ========== ========== Ratio of earnings to fixed charges 2.1 2.8 2.7 2.8 2.2 2.3 2.4 ========== ========= ========= ========= ========= ========== ==========