EX-12.01 7 a09-14470_2ex12d01.htm EX-12.01

Exhibit 12.01

 

PUBLIC SERVICE COMPANY OF COLORADO  AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars)

 

 

 

 

 

Year Ended Dec. 31,

 

 

 

YTD 3/09

 

2008

 

2007

 

2006

 

2005

 

2004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

117,597

 

$

506,424

 

$

431,251

 

$

323,159

 

$

281,657

 

$

290,861

 

Add: Fixed charges

 

51,127

 

199,739

 

311,377

 

264,672

 

263,516

 

266,231

 

Earnings as defined

 

$

168,724

 

$

706,163

 

$

742,628

 

$

587,831

 

$

545,173

 

$

557,092

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

40,352

 

$

154,313

 

$

180,230

 

$

137,493

 

$

144,835

 

$

157,447

 

Interest charges on life insurance policy borrowings

 

15

 

248

 

105,396

 

117,536

 

107,610

 

98,094

 

Interest component of leases

 

10,760

 

45,178

 

25,751

 

9,643

 

11,071

 

10,690

 

Total fixed charges

 

$

51,127

 

$

199,739

 

$

311,377

 

$

264,672

 

$

263,516

 

$

266,231

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.3

 

3.5

 

2.4

 

2.2

 

2.1

 

2.1