EX-12.2 5 k50726exv12w2.htm EX-12.2 exv12w2
Exhibit 12.2
CONSUMERS ENERGY COMPANY
Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
                                                 
 
    Nine Months Ended     Year Ended December 31  
    September 30, 2011     2010     2009     2008     2007     2006  
 
Earnings as defined1
                                                
Pretax income from continuing operations
   $ 632     $ 688     $ 456     $ 562     $ 437     $ 167  
Exclude equity basis subsidiaries
     —       —       —       —       —       (1 )
Fixed charges as defined
     216       296       313       276       293       307  
 
Earnings as defined
   $ 848     $ 984     $ 769     $ 838     $ 730     $ 473  
 
Fixed charges as defined1
                                                
Interest on long-term debt
   $ 188     $ 246     $ 250     $ 229     $ 236     $ 286  
Estimated interest portion of lease rental
     14       16       17       25       23       8  
Other interest charges
     14       34       46       22       34       13  
 
Fixed charges as defined
   $ 216     $ 296     $ 313     $ 276     $ 293     $ 307  
Preferred dividends
     3       3       3       3       3       3  
 
Combined fixed charges and preferred dividends
   $ 219     $ 299     $ 316     $ 279     $ 296     $ 310  
 
Ratio of earnings to fixed charges
     3.93       3.32       2.46       3.04       2.49       1.54  
 
Ratio of earnings to combined fixed charges and preferred dividends
     3.87       3.29       2.43       3.00       2.47       1.53  
 
NOTES:
1   Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.