EX-12.2 4 a13-19806_1ex12d2.htm EX-12.2

Exhibit 12.2

 

CONSUMERS ENERGY COMPANY

 

Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends

 

 

 

 

 

In Millions, Except Ratios

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

Year Ended December 31

 

September 30, 2013

 

2012

 

2011

 

2010

 

2009

 

2008

 

Earnings as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

687

 

$

736

 

$

734

 

$

688

 

$

456

 

$

562

 

Exclude equity basis subsidiaries

 

-

 

-

 

-

 

-

 

-

 

-

 

Fixed charges as defined

 

202

 

269

 

287

 

296

 

313

 

276

 

Earnings as defined

 

$

889

 

$

1,005

 

$

1,021

 

$

984

 

$

769

 

$

838

 

Fixed charges as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt

 

$

177

 

$

232

 

$

251

 

$

246

 

$

250

 

$

229

 

Estimated interest portion of lease rental

 

17

 

21

 

18

 

16

 

17

 

25

 

Other interest charges

 

8

 

16

 

18

 

34

 

46

 

22

 

Fixed charges as defined

 

202

 

269

 

287

 

296

 

313

 

276

 

Preferred dividends

 

3

 

3

 

3

 

3

 

3

 

3

 

Combined fixed charges and preferred dividends

 

$

205

 

$

272

 

$

290

 

$

299

 

$

316

 

$

279

 

Ratio of earnings to fixed charges

 

4.40

 

3.74

 

3.56

 

3.32

 

2.46

 

3.04

 

Ratio of earnings to combined fixed charges and preferred dividends

 

4.34

 

3.69

 

3.52

 

3.29

 

2.43

 

3.00

 

 

NOTES:

 

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