EX-12.2 4 ex12206302018.htm EXHIBIT 12.2 Exhibit
Exhibit 12.2

Consumers Energy Company
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
In Millions, Except Ratios
 
 
Six Months Ended
 
 
Year Ended December 31
 
June 30, 2018
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
Earnings as defined1
 
 

 
 
 

 
 

 
 

 
 

 
 

Pretax income from continuing operations
 
$
465

 
 
$
971

 
$
936

 
$
896

 
$
873

 
$
880

Fixed charges as defined
 
157

 
 
305

 
302

 
275

 
274

 
269

Earnings as defined
 
$
622

 
 
$
1,276

 
$
1,238

 
$
1,171

 
$
1,147

 
$
1,149

Fixed charges as defined1
 
 

 
 
 

 
 

 
 

 
 

 
 

Interest on long-term debt
 
$
134

 
 
$
263

 
$
261

 
$
252

 
$
243

 
$
237

Estimated interest portion of lease rental
 
14

 
 
27

 
29

 
21

 
21

 
21

Other interest charges
 
9

 
 
15

 
12

 
2

 
10

 
11

Fixed charges as defined
 
$
157

 
 
305

 
302

 
275

 
274

 
269

Preferred dividends
 
1

 
 
3

 
3

 
3

 
3

 
3

Combined fixed charges and preferred dividends
 
$
158

 
 
$
308

 
$
305

 
$
278

 
$
277

 
$
272

Ratio of earnings to fixed charges
 
3.96

 
 
4.18

 
4.10

 
4.26

 
4.19

 
4.27

Ratio of earnings to combined fixed charges and preferred dividends
 
3.94

 
 
4.14

 
4.06

 
4.21

 
4.14

 
4.22

1 
Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.