EX-12.2 5 duk-20171231x10kxexx122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY CAROLINAS Exhibit
EXHIBIT 12.2
        

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY CAROLINAS
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
 
$
1,866

 
$
1,800

 
$
1,709

 
$
1,661

 
$
1,571

Fixed charges
 
497

 
481

 
456

 
457

 
461

Total earnings
 
$
2,363

 
$
2,281

 
$
2,165

 
$
2,118

 
$
2,032

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
484

 
$
467

 
$
453

 
$
445

 
$
452

Estimate of interest within rental expense
 
13

 
14

 
3

 
12

 
9

Total fixed charges
 
$
497

 
$
481

 
$
456

 
$
457

 
$
461

Ratio of earnings to fixed charges
 
4.8

 
4.7

 
4.7

 
4.6

 
4.4