EX-12.2 4 a17-1055_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

 

Years Ended December 31

2016

2015

2014

2013

2012

 

Earnings as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

936

 

$

896

 

$

873

 

$

880

 

$

736

 

Fixed charges as defined

 

 

302

 

 

275

 

 

274

 

 

269

 

 

269

 

Earnings as defined

 

$

1,238

 

$

1,171

 

$

1,147

 

$

1,149

 

$

1,005

 

Fixed charges as defined1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt

 

$

261

 

$

252

 

$

243

 

$

237

 

$

232

 

Estimated interest portion of lease rental

 

 

29

 

 

21

 

 

21

 

 

21

 

 

21

 

Other interest charges

 

 

12

 

 

2

 

 

10

 

 

11

 

 

16

 

Fixed charges as defined

 

 

302

 

 

275

 

 

274

 

 

269

 

 

269

 

Preferred dividends

 

 

3

 

 

3

 

 

3

 

 

3

 

 

3

 

Combined fixed charges and preferred dividends

 

$

305

 

$

278

 

$

277

 

$

272

 

$

272

 

Ratio of earnings to fixed charges

 

 

4.10

 

 

4.26

 

 

4.19

 

 

4.27

 

 

3.74

 

Ratio of earnings to combined fixed charges and preferred dividends

 

 

4.06

 

 

4.21

 

 

4.14

 

 

4.22

 

 

3.69

 

 

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

 


 

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