EX-12.01 2 ex12_01.htm EXHIBIT 12.01 ex12_01.htm
Exhibit 12.01

SOUTHWESTERN PUBLIC SERVICE CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

   
Year Ended Dec. 31
  
   
2011
    
2010
    
2009
    
2008
    
2007
  
Earnings, as defined:
                              
Pretax income from operations
   $ 145,034     $ 126,933     $ 108,245     $ 52,769     $ 55,596  
Add: Fixed charges
     100,901       100,518       114,684       74,525       57,247  
Total earnings, as defined
   $ 245,935     $ 227,451     $ 222,929     $ 127,294     $ 112,843  
                                         
Fixed charges, as defined:
                                        
Interest charges
   $ 65,095     $ 63,912     $ 71,688     $ 61,090     $ 55,261  
Interest component of leases
     35,806       36,606       42,996       13,435       1,986  
Total fixed charges, as defined
   $ 100,901     $ 100,518     $ 114,684     $ 74,525     $ 57,247  
Ratio of earnings to fixed charges
     2.4       2.3       1.9       1.7       2.0