EX-12.2 5 a14-9754_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

 

 

 

Three Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

Year Ended December 31

 

 

March 31, 2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Earnings as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

337

 

$

880

 

$

736

 

$

734

 

$

688

 

$

456

 

Exclude equity basis subsidiaries

 

-

 

-

 

-

 

-

 

-

 

-

 

Fixed charges as defined

 

67

 

269

 

269

 

287

 

296

 

313

 

Earnings as defined

 

$

404

 

$

1,149

 

$

1,005

 

$

1,021

 

$

984

 

$

769

 

Fixed charges as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt

 

$

59

 

$

237

 

$

232

 

$

251

 

$

246

 

$

250

 

Estimated interest portion of lease rental

 

5

 

21

 

21

 

18

 

16

 

17

 

Other interest charges

 

3

 

11

 

16

 

18

 

34

 

46

 

Fixed charges as defined

 

67

 

269

 

269

 

287

 

296

 

313

 

Preferred dividends

 

-

 

3

 

3

 

3

 

3

 

3

 

Combined fixed charges and preferred dividends

 

$

67

 

$

272

 

$

272

 

$

290

 

$

299

 

$

316

 

Ratio of earnings to fixed charges

 

6.03

 

4.27

 

3.74

 

3.56

 

3.32

 

2.46

 

Ratio of earnings to combined fixed charges and preferred dividends

 

6.03

 

4.22

 

3.69

 

3.52

 

3.29

 

2.43

 

 

NOTES:

 

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