EX-12.2 4 duk-20151231x10kxexx122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY CAROLINAS, LLC 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)
2015
 
2014
 
2013
 
2012
 
2011
Earnings as defined for fixed charges calculation
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 
$
1,709

 
$
1,661

 
$
1,571

 
$
1,322

 
$
1,306

Fixed charges
 
456

 
457

 
461

 
467

 
450

Deduct:
 
 
 
 
 
 
 
 
 
 
Interest capitalized
 
—

 
—

 
—

 
—

 
—

Total earnings
 
$
2,165

 
$
2,118

 
$
2,032

 
$
1,789

 
$
1,756

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
453

 
$
445

 
$
452

 
$
455

 
$
437

Estimate of interest within rental expense
 
3

 
12

 
9

 
12

 
13

Total fixed charges
 
$
456

 
$
457

 
$
461

 
$
467

 
$
450

Ratio of earnings to fixed charges
 
4.7

 
4.6

 
4.4

 
3.8

 
3.9