EX-12.2 4 k49436exv12w2.htm EX-12.2 exv12w2
Exhibit 12.2
CONSUMERS ENERGY COMPANY
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
                                                 
    Six Months Ended     Year Ended December 31  
    June 30, 2010     2009     2008     2007     2006     2005  
                                            (b)  
Earnings as defined (a)
                                                
Pretax income from continuing operations
   $ 310     $ 456     $ 562     $ 437     $ 167     $ (590 )
Exclude equity basis subsidiaries
     —       —       —       —       (1 )     (1 )
Fixed charges as defined
     154       313       276       293       307       316  
 
                                    
Earnings as defined
   $ 464     $ 769     $ 838     $ 730     $ 473     $ (275 )
 
                                    
 
                                                
Fixed charges as defined (a)
                                                
Interest on long-term debt
   $ 123     $ 250     $ 229     $ 236     $ 286     $ 305  
Estimated interest portion of lease rental
     6       17       25       23       8       6  
Other interest charges
     25       46       22       34       13       5  
 
                                    
Fixed charges as defined
   $ 154     $ 313     $ 276     $ 293     $ 307     $ 316  
Preferred dividends
     2       3       3       3       3       3  
 
                                    
Combined fixed charges and preferred dividends
   $ 156     $ 316     $ 279     $ 296     $ 310     $ 319  
 
                                    
 
                                                
Ratio of earnings to fixed charges
     3.01       2.46       3.04       2.49       1.54       —  
 
                                    
 
                                                
Ratio of earnings to combined fixed charges and preferred dividends
     2.97       2.43       3.00       2.47       1.53       —  
 
                                    
 
NOTES:    
 
(a)   Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.
 
(b)   For the year ended December 31, 2005, fixed charges exceeded earnings by $591 million and combined fixed charges and preferred dividends exceeded earnings by $594 million. Earnings as defined include $1.2 billion of asset impairment charges.