EX-12.4 7 duk-20171231x10kxexx124.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY PROGRESS, LLC Exhibit
EXHIBIT 12.4


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY PROGRESS
The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines.
 
Years Ended December 31,
(in millions)
2017
 
2016
 
2015
 
2014
 
2013
Earnings as defined for fixed charges calculation
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations(a)
 
$
1,008

 
$
900

 
$
860

 
$
753

 
$
789

Fixed charges
 
330

 
305

 
318

 
305

 
289

Total earnings
 
$
1,338

 
$
1,205

 
$
1,178

 
$
1,058

 
$
1,078

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
289

 
$
267

 
$
254

 
$
238

 
$
224

Estimate of interest within rental expense
 
41

 
38

 
64

 
67

 
65

Total fixed charges
 
$
330

 
$
305

 
$
318

 
$
305

 
$
289

Ratio of earnings to fixed charges
 
4.1

 
4.0

 
3.7

 
3.5

 
3.7

(a)    Excludes income or loss from equity investees.