Exhibit 12.2
Wisconsin Public Service Corporation
Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Fixed Charges and Preferred Dividends
	2005
(Millions)	9 months			2004			2003			2002			2001			2000			1999
EARNINGS
Earnings on common stock	$	84.6		$	104.8		$	78.9		$	83.1		$	80.6		$	70.4		$	67.1
Federal and state income taxes		46.7			51.3			45.7			46.8			43.9			40.1			38.0
Net pretax income		131.3			156.1			124.6			129.9			124.5			110.5			105.1
Income from less than 50% equity investees		5.8			8.4			6.0			6.6			6.3			0.0			0.0
Distributed earnings of less than 50% equity investees		4.1			5.9			4.3			5.4			3.3			0.0			0.0
Fixed charges		31.8			40.4			38.8			41.2			39.3			37.7			33.6
Subtract preference dividend requirement		3.5			4.6			4.8			4.8			4.7			4.8			4.8
Total earnings as defined	$	157.9		$	189.4		$	156.9		$	165.1		$	156.1		$	143.4		$	133.9
FIXED CHARGES
Interest on long-term debt, including related amortization	$	22.4		$	29.9		$	27.8		$	27.2		$	24.1		$	21.6		$	21.9
Other interest		4.6			4.5			4.9			7.9			9.2			10.1			5.6
Interest factor applicable to rentals		1.3			1.4			1.3			1.3			1.3			1.2			1.3
Fixed charges before preferred dividend requirement	$	28.3		$	35.8		$	34.0		$	36.4		$	34.6		$	32.9		$	28.8
Ratio of earnings to fixed charges		5.6			5.3			4.6			4.5			4.5			4.4			4.6
Preferred dividends (grossed up) (see below)	$	3.5		$	4.6		$	4.8		$	4.8		$	4.7		$	4.8		$	4.8
Total fixed charges including preferred dividend	$	31.8		$	40.4		$	38.8		$	41.2		$	39.3		$	37.7		$	33.6
Ratio of earnings to fixed charges and preferred dividends		5.0			4.7			4.0			4.0			4.0			3.8			4.0
PREFERRED DIVIDEND CALCULATION:
Preferred dividends	$	2.3		$	3.1		$	3.1		$	3.1		$	3.1		$	3.1		$	3.1
Tax rate		35.1	%		32.4	%		35.6	%		35.0	%		34.4	%		35.3	%		35.2	%
Preferred dividends (grossed up)	$	3.5		$	4.6		$	4.8		$	4.8		$	4.7		$	4.8		$	4.8