EX-12.2 3 duk-20140930x10qxexx122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY CAROLINAS, LLC DUK-2014.09.30-10Q-Ex-12.2
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.
 
Nine Months Ended September 30,
 
Years Ended December 31,
(in millions)
2014
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings as defined for fixed charges calculation
 
 
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 
$
1,408

 
$
1,571

 
$
1,322

 
$
1,306

 
$
1,295

 
$
1,080

Fixed charges
 
345

 
461

 
467

 
450

 
464

 
412

Total earnings
 
$
1,753

 
$
2,032

 
$
1,789

 
$
1,756

 
$
1,759

 
$
1,492

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
336

 
$
452

 
$
455

 
$
437

 
$
446

 
$
395

Estimate of interest within rental expense
 
9

 
9

 
12

 
13

 
18

 
17

Total fixed charges
 
$
345

 
$
461

 
$
467

 
$
450

 
$
464

 
$
412

Ratio of earnings to fixed charges
 
5.1

 
4.4

 
3.8

 
3.9

 
3.8

 
3.6