EX-12.01 2 a09-1292_1ex12d01.htm EX-12.01

Exhibit 12.01

 

PUBLIC SERVICE CO. OF COLORADO AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(amounts in thousands of dollars)

 

 

 

Year ended Dec. 31,

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

506,424

 

$

431,251

 

$

323,159

 

$

281,657

 

$

290,861

 

Add: Fixed charges

 

199,739

 

311,377

 

264,672

 

263,516

 

266,231

 

Earnings as defined

 

$

706,163

 

$

742,628

 

$

587,831

 

$

545,173

 

$

557,092

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

154,313

 

$

180,230

 

$

137,493

 

$

144,835

 

$

157,447

 

Interest charges on life insurance policy borrowings

 

248

 

105,396

 

117,536

 

107,610

 

98,094

 

Interest component of leases

 

45,178

 

25,751

 

9,643

 

11,071

 

10,690

 

Total fixed charges

 

$

199,739

 

$

311,377

 

$

264,672

 

$

263,516

 

$

266,231

 

Ratio of earnings to fixed charges

 

3.5

 

2.4

 

2.2

 

2.1

 

2.1