EX-12.2 7 a15-23273_1ex12d2.htm EX-12.2

Exhibit 12.2

 

Consumers Energy Company

 

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

 

 

 

 

 

 

 

In Millions, Except Ratios

 

Years Ended December 31

 

2015

 

2014

 

2013

 

2012

 

2011

 

Earnings as defined1

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

896

 

$

873

 

$

880

 

$

736

 

$

734

 

Exclude equity basis subsidiaries

 

-

 

-

 

-

 

-

 

-

 

Fixed charges as defined

 

275

 

274

 

269

 

269

 

287

 

Earnings as defined

 

$

1,171

 

$

1,147

 

$

1,149

 

$

1,005

 

$

1,021

 

Fixed charges as defined1

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt

 

$

252

 

$

243

 

$

237

 

$

232

 

$

251

 

Estimated interest portion of lease rental

 

21

 

21

 

21

 

21

 

18

 

Other interest charges

 

2

 

10

 

11

 

16

 

18

 

Fixed charges as defined

 

275

 

274

 

269

 

269

 

287

 

Preferred dividends

 

3

 

3

 

3

 

3

 

3

 

Combined fixed charges and preferred dividends

 

$

278

 

$

277

 

$

272

 

$

272

 

$

290

 

Ratio of earnings to fixed charges

 

4.26

 

4.19

 

4.27

 

3.74

 

3.56

 

Ratio of earnings to combined fixed charges and preferred dividends

 

4.21

 

4.14

 

4.22

 

3.69

 

3.52

 

 

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