EX-12.01 3 a2017630-exhibit1201.htm EXHIBIT 12.01 Exhibit

Exhibit 12.01
COMPUTATION OF RATIOS
June 30, 2017
RATIO OF EARNINGS TO FIXED CHARGES
SCANA:
 
Six Months Ended June 30, 2017
 
Twelve Months Ended June 30, 2017
 
Years ended December 31,
Dollars in Millions
 
 
 
2016
2015
2014
2013
2012
Fixed Charges as defined:
 
 
 
 
 
 
 
 
 
 
Interest on debt
 

$186.8

 

$370.7

 

$356.8


$327.8


$318.2


$305.9


$301.3

Amortization of debt premium, discount and expense (net)
 
2.0

 
4.3

 
4.5

4.7

9.7

5.3

4.9

Interest component on rentals
 
1.7

 
3.4

 
3.5

3.7

4.1

4.9

4.9

Total Fixed Charges (A)
 

$190.5

 

$378.4

 

$364.8


$336.2


$332.0


$316.1


$311.1

Earnings as defined:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 

$422.6

 
$881.9
 
$865.6
$1,138.4

$786.0


$693.8


$601.6

Total fixed charges above
 
190.5

 
378.4

 
364.8

336.2

332.0

316.1

311.1

Pretax equity in (earnings) losses of investees
 
—

 
(1.0
)
 
(0.7
)
0.8

(1.4
)
(3.2
)
(3.3
)
Cash distributions from equity investees
 
1.8

 
3.6

 
3.7

4.0

7.4

9.6

3.3

Total Earnings (B)
 
$614.9
 
$1,262.9
 
$1,233.4
$1,479.4
$1,124.0
$1,016.3
$912.7
Ratio of Earnings to Fixed Charges (B/A)
 
3.23

 
3.34

 
3.38

4.40

3.39

3.22

2.93



SCE&G:
 
Six Months Ended June 30, 2017
 
Twelve Months Ended June 30, 2017
 
Years ended December 31,
Dollars in Millions
 
 
 
2016
2015
2014
2013
2012
Fixed Charges as defined:
 
 
 
 
 
 
 
 
 
 
Interest on debt
 

$149.7

 

$296.5

 

$284.6


$258.4


$237.6


$226.4


$217.4

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

 
3.2

 
3.5

3.7

4.4

4.2

3.9

Interest component on rentals
 
2.0

 
3.9

 
4.0

4.1

4.0

4.5

3.2

Total Fixed Charges (A)
 

$153.1

 

$303.6

 

$292.1


$266.2


$246.0


$235.1


$224.5

Earnings as defined:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 

$350.0

 

$787.4

 

$774.1


$711.0


$676.0


$579.7


$509.5

Total fixed charges above
 
153.1

 
303.6

 
292.1

266.2

246.0

235.1

224.5

Pretax equity in losses of investees
 
1.6

 
2.5

 
3.1

5.0

5.3

3.5

3.8

Total Earnings (B)
 

$504.7

 
$1,093.5
 
$1,069.3

$982.2


$927.3


$818.3


$737.8

Ratio of Earnings to Fixed Charges (B/A)
 
3.30

 
3.60

 
3.66

3.69

3.77

3.48

3.29