EX-12.6 9 duk-20171231x10kxexx126.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)
2017
 
2016
 
2015
 
2014
 
2013
Earnings as defined for fixed charges calculation
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
Pretax income from continuing operations
 
$
252

 
$
270

 
$
230

 
$
111

 
$
111

Fixed charges
 
105

 
98

 
88

 
100

 
94

Deduct:
 
 
 
 
 
 
 
 
 
 
Interest capitalized
 
—

 
—

 
—

 
—

 
1

Total earnings
 
$
357

 
$
368

 
$
318

 
$
211

 
$
204

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
100

 
$
93

 
$
88

 
$
95

 
$
90

Estimate of interest within rental expense
 
5

 
5

 
—

 
5

 
4

Total fixed charges
 
$
105

 
$
98

 
$
88

 
$
100

 
$
94

Ratio of earnings to fixed charges
 
3.4


3.8


3.6


2.1


2.2