EX-12.3 6 duk-20171231x10kxexx123.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - PROGRESS ENERGY, INC. Exhibit
EXHIBIT 12.3


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - PROGRESS ENERGY
The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines.
 
Years Ended December 31,
(in millions)
2017
 
2016
 
2015
 
2014
 
2013
Earnings as defined for fixed charges calculation
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations(a)
 
$
1,523

 
$
1,557

 
$
1,579

 
$
1,418

 
$
1,029

Fixed charges
 
918

 
788

 
838

 
841

 
872

Total earnings
 
$
2,441


$
2,345


$
2,417


$
2,259


$
1,901

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
851

 
$
717

 
$
738

 
$
732

 
$
772

Estimate of interest within rental expense
 
67

 
71

 
100

 
109

 
100

Total fixed charges
 
$
918

 
$
788

 
$
838

 
$
841

 
$
872

Ratio of earnings to fixed charges
 
2.7


3.0


2.9


2.7


2.2

(a)
Excludes amounts attributable to noncontrolling interests and income or loss from equity investees.