EX-12.5 8 duk-20171231x10kxexx125.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY FLORIDA, LLC Exhibit
EXHIBIT 12.5


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY FLORIDA
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)
 
$
759

 
$
873

 
$
943

 
$
898

 
$
538

Fixed charges
 
336

 
264

 
284

 
294

 
285

Total earnings
 
$
1,095

 
$
1,137

 
$
1,227

 
$
1,192

 
$
823

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
309

 
$
231

 
$
248

 
$
252

 
$
249

Estimate of interest within rental expense
 
27

 
33

 
36

 
42

 
36

Total fixed charges
 
$
336

 
$
264

 
$
284

 
$
294

 
$
285

Ratio of earnings to fixed charges
 
3.3

 
4.3

 
4.3

 
4.1

 
2.9

(a)    Excludes income or loss from equity investees.