EX-12.01 6 a06-7437_1ex12d01.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

Exhibit 12.01

 

COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES

 

SOUTHWESTERN PUBLIC SERVICE COMPANY
AND SUBSIDIARIES

 

COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS
TO CONSOLIDATED FIXED CHARGES
(not covered by Report of Independent Public Accountants)

 

 

 

Year Ended December 31,

 

 

 

2005

 

2004

 

2003

 

2002

 

2001

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

100,178

 

$

86,136

 

$

133,634

 

$

117,245

 

$

201,275

 

Add fixed charges

 

54,189

 

53,528

 

54,476

 

54,912

 

57,276

 

Earnings as defined

 

$

154,367

 

$

139,664

 

$

188,110

 

$

172,157

 

$

258,551

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

54,189

 

$

53,528

 

$

48,304

 

$

47,062

 

$

49,426

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

6,172

 

7,850

 

7,850

 

Total

 

$

54,189

 

$

53,528

 

$

54,476

 

$

54,912

 

$

57,276

 

Ratio of earnings to fixed charges

 

2.8

 

2.6

 

3.5

 

3.1

 

4.5