EX-12.01 2 a20140331-exhibit1201.htm EXHIBIT 2014.03.31 - Exhibit 12.01

Exhibit 12.01
COMPUTATION OF RATIOS
March 31, 2014
RATIO OF EARNINGS TO FIXED CHARGES
SCANA:
 
Three Months Ended March 31, 2014
 
Twelve Months Ended March 31, 2014
 
Years ended December 31,
Dollars in Millions
 
 
 
2013
2012
2011
2010
2009
Fixed Charges as defined:
 
 
 
 
 
 
 
 
 
 
Interest on debt
 

$77.9

 

$308.0

 

$305.9


$301.3


$287.0


$270.4


$251.5

Amortization of debt premium, discount and expense (net)
 
1.4

 
5.4

 
5.3

4.9

4.8

5.1

4.8

Interest component on rentals
 
1.0

 
4.9

 
4.9

4.9

5.2

4.6

7.9

Preference security dividend requirement of consolidated subsidiary
 
—

 
—

 
—

-

-

-

14.2

Total Fixed Charges (A)
 

$80.3

 

$318.3

 

$316.1


$311.1


$297.0


$280.1


$278.4

Earnings as defined:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 

$281.8

 

$751.8

 

$693.8


$601.6


$555.6


$535.4


$524.2

Total fixed charges above
 
80.3

 
318.3

 
316.1

311.1

297.0

280.1

278.4

Pretax equity in (earnings) losses of investees
 
(0.3
)
 
(2.5
)
 
(3.2
)
(3.3
)
(2.9
)
(1.1
)
(2.2
)
Cash distributions from equity investees
 
1.3

 
9.6

 
9.6

3.3

3.6

4.8

3.3

Preference security dividend requirement from above
 
-

 
-

 
-

-

-

-

(14.2
)
Total Earnings (B)
 

$363.1

 
$1,077.2
 
$1,016.3

$912.7


$853.3


$819.2


$789.5

Ratio of Earnings to Fixed Charges (B/A)
 
4.52

 
3.38

 
3.22

2.93

2.87

2.92

2.84



SCE&G:
 
Three Months Ended March 31, 2014
 
Twelve Months Ended March 31, 2014
 
Years ended December 31,
Dollars in Millions
 
 
 
2013
2012
2011
2010
2009
Fixed Charges as defined:
 
 
 
 
 
 
 
 
 
 
Interest on debt
 

$57.9

 

$228.4

 

$226.4


$217.4


$207.8


$192.4


$181.4

Amortization of debt premium, discount and expense (net)
 
1.1

 
4.3

 
4.2

3.9

3.9

4.0

3.8

Interest component on rentals
 
0.9

 
5.0

 
4.5

3.2

3.6

3.1

5.5

Total Fixed Charges (A)
 

$59.9

 

$237.7

 

$235.1


$224.5


$215.3


$199.5


$190.7

Earnings as defined:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 

$185.0

 

$628.2

 

$579.7


$509.5


$456.5


$433.6


$427.8

Total fixed charges above
 
59.9

 
237.7

 
235.1

224.5

215.3

199.5

190.7

Pretax equity in (earnings) losses of investees
 
1.4

 
4.3

 
3.5

3.8

2.3

2.1

0.1

Total Earnings (B)
 

$246.3

 

$870.2

 

$818.3


$737.8


$674.1


$635.2


$619.0

Ratio of Earnings to Fixed Charges (B/A)
 
4.11

 
3.66

 
3.48

3.29

3.13

3.18

3.25



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