|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NORTHERN STATES POWER CO /WI/, 8-K, EX-4.02, 2000-09-28 |
Next: WELLS FARGO & CO/MN, 8-K, 2000-09-28 |
<PAGE>
EXHIBIT 12.01
NORTHERN STATES POWER COMPANY
(A WISCONSIN CORPORATION)
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31, 12 MONTHS
---------------------------------------------------- ENDED
1995 1996 1997 1998 1999 JUNE 30, 2000
-------- -------- -------- -------- -------- -------------
<S> <C> <C> <C> <C> <C> <C>
EARNINGS
INCOME FROM CONTINUING OPERATIONS 39,217 38,697 37,417 32,195 36,366 35,658
ADD
TAXES BASED ON INCOME
FEDERAL INCOME TAXES (1) 18,463 19,592 17,492 13,016 17,986 16,962
STATE INCOME TAXES (1) 4,676 4,164 2,326 2,907 4,459 4,142
DEFERRED INCOME TAXES - NET (1) 1,838 1,736 4,371 5,405 3,694 4,070
INVESTMENT TAX CREDIT ADJUSTMENT - NET (936) (910) (880) (859) (838) (832)
FIXED CHARGES 19,586 19,324 18,010 19,189 19,628 20,586
-------- -------- -------- -------- -------- -------------
TOTAL EARNINGS 82,844 82,603 78,736 71,853 81,295 80,586
======== ======== ======== ======== ======== =============
FIXED CHARGES
INTEREST EXPENSE 18,818 18,514 16,964 18,362 18,808 19,766
AMORTIZATION OF DEBT EXPENSE, PREMIUMS,
AND LOSS ON REACQUIRED DEBT 768 810 1,046 827 820 820
-------- -------- -------- -------- -------- -------------
TOTAL FIXED CHARGES 19,586 19,324 18,010 19,189 19,628 20,586
======== ======== ======== ======== ======== =============
RATIO
EARNINGS TO FIXED CHARGES 4.2 4.3 4.4 3.7 4.1 3.9
======== ======== ======== ======== ======== =============
</TABLE>
(1) INCLUDES INCOME TAXES INCLUDED IN MISCELLANEOUS INCOME DEDUCTIONS AND
NON-OPERATING TAXES.
|
|