EX-12.7 10 duk-20171231x10kxexx127.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY INDIANA, LLC Exhibit
EXHIBIT 12.7


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY INDIANA
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
 
$
655

 
$
606

 
$
479

 
$
556

 
$
581

 
Fixed charges
 
193

 
193

 
181

 
182

 
185

 
Total earnings
 
$
848

 
$
799

 
$
660

 
$
738

 
$
766

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest on debt, including capitalized portions
 
$
185

 
$
185

 
$
179

 
$
176

 
$
179

 
Estimate of interest within rental expense
 
8

 
8

 
2

 
6

 
6

 
Total fixed charges
 
$
193

 
$
193

 
$
181

 
$
182

 
$
185

 
Ratio of earnings to fixed charges
 
4.4

 
4.1

 
3.6

 
4.1

 
4.1