EX-12.01 7 a08-21163_1ex12d01.htm EX-12.01

Exhibit 12.01

 

PUBLIC SERVICE COMPANY OF COLORADO (CONSOLIDATED)

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars)

 

 

 

Six Months Ended

 

Year Ended December 31,

 

 

 

June 30, 2008

 

2007

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

241,521

 

$

431,251

 

$

323,159

 

$

281,657

 

$

290,861

 

$

316,144

 

Add: Fixed charges

 

89,169

 

311,377

 

264,672

 

263,516

 

266,231

 

270,051

 

Earnings as defined

 

$

330,690

 

$

742,628

 

$

587,831

 

$

545,173

 

$

557,092

 

$

586,195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

72,869

 

$

180,230

 

$

137,493

 

$

144,835

 

$

157,447

 

$

160,914

 

Interest charges on life insurance policy borrowings

 

109

 

105,396

 

117,536

 

107,610

 

98,094

 

89,351

 

Interest component of operating leases

 

16,191

 

25,751

 

9,643

 

11,071

 

10,690

 

12,414

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

—

 

—

 

—

 

7,372

 

Total fixed charges

 

$

89,169

 

$

311,377

 

$

264,672

 

$

263,516

 

$

266,231

 

$

270,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.7

 

2.4

 

2.2

 

2.1

 

2.1

 

2.2