EX-12.01 6 a2187691zex-12_01.htm EXHIBIT 12.01
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Exhibit 12.01

SOUTHWESTERN PUBLIC SERVICE CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)

 
   Six Months Ended
June 30, 		  Year Ended December 31,  
 
   2008   2007   2006   2005   2004   2003  

Earnings as defined:

                                      
 

Pretax income from continuing operations

   $ 4,826   $ 55,596   $ 76,040   $ 100,178   $ 86,136   $ 133,634  
 

Add: Fixed charges

     28,193     57,247     56,849     55,510     54,489     55,561  
                           
     

Earnings as defined

   $ 33,019   $ 112,843   $ 132,889   $ 155,688   $ 140,625   $ 189,195  
                           

Fixed charges:

                                      
 

Interest charges

   $ 27,484   $ 55,261   $ 55,739   $ 54,084   $ 53,528   $ 48,304  
 

Interest component of operating leases

     709     1,986     1,110     1,426     961     1,085  
 

Distributions on redeemable preferred securities of subsidiary trust

     —     —     —     —     —     6,172  
                           
     

Total fixed charges

   $ 28,193   $ 57,247   $ 56,849   $ 55,510   $ 54,489   $ 55,561  
                           

Ratio of earnings to fixed charges

     1.2     2.0     2.3     2.8     2.6     3.4  
                           



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