EX-12.01 2 a07-5077_1ex12d01.htm EX-12.01

Exhibit 12.01

 

SOUTHWESTERN PUBLIC SERVICE COMPANY

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars)

 

 

 

Year ended Dec. 31,

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

Pretax income

 

$

76,040

 

$

100,178

 

$

86,136

 

$

133,634

 

$

117,245

 

Add: Fixed Charges

 

56,849

 

55,510

 

54,489

 

55,561

 

56,338

 

Earnings as defined

 

$

132,889

 

$

155,688

 

$

140,625

 

$

189,195

 

$

173,583

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

56,849

 

$

55,510

 

$

54,489

 

$

49,389

 

$

48,488

 

Distributions on redeemable preferred securities of subsidiary trust

 

—

 

—

 

—

 

6,172

 

7,850

 

Total fixed charges

 

$

56,849

 

$

55,510

 

$

54,489

 

$

55,561

 

$

56,338

 

Ratio of earnings to fixed charges

 

2.3

 

2.8

 

2.6

 

3.4

 

3.1