EX-12.6 12 duk-20161231x10kxexx126.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY OHIO, INC. Exhibit
EXHIBIT 12.6


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY OHIO
The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines.
 
Years Ended December 31,
(in millions)
2016
 
2015
 
2014
 
2013
 
2012
Earnings as defined for fixed charges calculation
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 
$
270

 
$
230

 
$
111

 
$
111

 
$
79

Fixed charges
 
98

 
88

 
100

 
94

 
108

Deduct:
 
 
 
 
 
 
 
 
 
 
Interest capitalized
 
—

 
—

 
—

 
1

 
2

Total earnings
 
$
368

 
$
318

 
$
211

 
$
204

 
$
185

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
93

 
$
88

 
$
95

 
$
90

 
$
104

Estimate of interest within rental expense
 
5

 
—

 
5

 
4

 
4

Total fixed charges
 
$
98

 
$
88

 
$
100

 
$
94

 
$
108

Ratio of earnings to fixed charges
 
3.8


3.6


2.1


2.2


1.7