EX-12.01 2 a06-20621_1ex12d01.htm EX-12

Exhibit 12.01

 

SOUTHWESTERN PUBLIC SERVICE COMPANY

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

Thousands of Dollars

 

 

 

June

 

 

 

 

 

 

 

 

 

 

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

2001

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

34,611

 

$

100,178

 

$

86,136

 

$

133,634

 

$

117,245

 

$

201,275

 

Add: Fixed charges

 

27,749

 

54,189

 

53,528

 

54,476

 

54,912

 

57,276

 

Earnings as defined

 

$

62,360

 

$

154,367

 

$

139,664

 

$

188,110

 

$

172,157

 

$

258,551

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges, excluding AFUDC - debt

 

$

27,609

 

$

54,084

 

$

53,528

 

$

48,304

 

$

47,062

 

$

49,426

 

Interest component of rent

 

$

140

 

$

105

 

 

 

 

 

 

 

 

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

—

 

6,172

 

7,850

 

7,850

 

Total fixed charges

 

$

27,749

 

$

54,189

 

$

53,528

 

$

54,476

 

$

54,912

 

$

57,276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.2

 

2.8

 

2.6

 

3.5

 

3.1

 

4.5