EX-12.01 6 ex12_01.htm EXHIBIT 12.01
Exhibit 12.01
 
SOUTHWESTERN PUBLIC SERVICE CO. 
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
  
Six Months Ended
    
   
   
   
   
 
 
  
June 30,
    
Year Ended Dec. 31
  
 
  
2013
    
2012
    
2011
    
2010
    
2009
    
2008
  
Earnings, as defined:
  
   
   
   
   
   
 
Pretax income from operations
  
$
63,809
    
$
168,598
    
$
145,034
    
$
126,933
    
$
108,245
    
$
52,769
  
Add: Fixed charges
    
52,774
      
103,760
      
100,901
      
100,518
      
114,684
      
74,525
  
Total earnings, as defined
  
$
116,583
    
$
272,358
    
$
245,935
    
$
227,451
    
$
222,929
    
$
127,294
  
 
                                                
Fixed charges, as defined:
                                                
Interest charges
  
$
35,617
    
$
69,074
    
$
65,095
    
$
63,912
    
$
71,688
    
$
61,090
  
Interest component of leases
    
17,157
      
34,686
      
35,806
      
36,606
      
42,996
      
13,435
  
Total fixed charges, as defined
  
$
52,774
    
$
103,760
    
$
100,901
    
$
100,518
    
$
114,684
    
$
74,525
  
Ratio of earnings to fixed charges
    
2.2
      
2.6
      
2.4
      
2.3
      
1.9
      
1.7