EX-12.2 4 a12-24475_1ex12d2.htm EX-12.2

Exhibit 12.2

CONSUMERS ENERGY COMPANY

Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions, Except Ratios

 

Nine Months
Ended

 

 

Year Ended December 31

 

 

September 30, 2012

 

 

2011

 

 

2010

 

 

2009

 

 

2008

 

 

2007

 

Earnings as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

operations

 

 

$   600

 

 

$     734

 

 

$   688

 

 

$   456

 

 

$   562

 

 

$   437

 

Exclude equity basis subsidiaries

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Fixed charges as defined

 

 

202

 

 

287

 

 

296

 

 

313

 

 

276

 

 

293

 

Earnings as defined

 

 

$   802

 

 

$  1,021

 

 

$   984

 

 

$   769

 

 

$   838

 

 

$   730

 

Fixed charges as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt

 

 

$   175

 

 

$     251

 

 

$   246

 

 

$   250

 

 

$   229

 

 

$   236

 

Estimated interest portion of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

lease rental

 

 

15

 

 

18

 

 

16

 

 

17

 

 

25

 

 

23

 

Other interest charges

 

 

12

 

 

18

 

 

34

 

 

46

 

 

22

 

 

34

 

Fixed charges as defined

 

 

202

 

 

287

 

 

296

 

 

313

 

 

276

 

 

293

 

Preferred dividends

 

 

3

 

 

3

 

 

3

 

 

3

 

 

3

 

 

3

 

Combined fixed charges and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

preferred dividends

 

 

$   205

 

 

$     290

 

 

$   299

 

 

$   316

 

 

$   279

 

 

$   296

 

Ratio of earnings to fixed charges

 

 

3.97

 

 

3.56

 

 

3.32

 

 

2.46

 

 

3.04

 

 

2.49

 

Ratio of earnings to combined fixed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

charges and preferred dividends

 

 

3.91

 

 

3.52

 

 

3.29

 

 

2.43

 

 

3.00

 

 

2.47

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTES:

1 Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.