EX-12.01 8 a1201universal.htm EXHIBIT 12.01 12.01 universal

Exhibit 12.01
SCANA CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES




 
Six Months
Twelve Months
Years Ended December 31,
Dollars in Millions
 
Ended
June 30, 2012
Ended
June 30, 2012
2011
2010
2009
2008
2007
Fixed Charges as defined:
 
 
 
 
 
 
 
Interest on long-term debt
$
147.0

$
292.2

$
287.0

$
270.4

$
251.5

$
238.2

$
214.9

Amortization of debt premium, discount and expense (net)
2.5

4.9

4.8

5.1

4.8

4.6

4.6

Interest component on rentals
2.5

5.2

5.2

4.6

7.9

4.5

6.3

Preference security dividend requirement of consolidated subsidiary
—

—

—

—

14.2

11.7

11.7

Total Fixed Charges (A)
$
152.0

$
302.3

$
297.0

$
280.1

$
278.4

$
259.0

$
237.5

Earnings as defined:
 
 
 
 
 
 
 
Pretax income from continuing operations
$
278.3

$
569.5

$
555.6

$
535.4

$
524.2

$
542.1

$
467.6

Total fixed charges above
152.0

302.3

297.0

280.1

278.4

259.0

237.5

Pretax equity in (earnings) losses of investees
(1.3
)
(2.8
)
(2.9
)
(1.1
)
(2.2
)
(8.0
)
18.1

Cash distributions from equity investees
1.2

4.0

3.6

4.8

3.3

6.2

7.8

Preference security dividend requirement from above
—

—

—

—

(14.2
)
(11.7
)
(11.7
)
Total Earnings (B)
$
430.2

$
873.0

$
853.3

$
819.2

$
789.5

$
787.6

$
719.3

Ratio of Earnings to Fixed Charges (B/A)
2.83

2.89

2.87

2.92

2.84

3.04

3.03


SOUTH CAROLINA ELECTRIC & GAS COMPANY
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Six Months
Twelve Months
Years Ended December 31,
Dollars in Millions
 
Ended
June 30, 2012
Ended
June 30, 2012
2011
2010
2009
2008
2007
 
Fixed Charges as defined:
 
 
 
 
 
 
 
 
Interest on long-term debt
$
105.5
 
$
210.9
 
$
207.8
 
$
192.4

$
181.4
 
$
166.6
 
$
149.8
 
 
Amortization of debt premium, discount and expense (net)
2.0
 
4.0
 
3.9
 
4.0

3.8
 
3.6
 
3.6
 
 
Interest component on rentals
1.6
 
3.4
 
3.6
 
3.1

5.5
 
4.2
 
5.3
 
 
Total Fixed Charges(A)
$
109.1
 
$
218.3
 
$
215.3
 
$
199.5

$
190.7
 
$
174.4
 
$
158.7
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
Pretax income from continuing operations
$
217.8
 
$
482.3
 
$
456.5
 
$
433.6

$
427.8
 
$
440.1
 
$
361.4
 
 
Total fixed charges
109.1
 
218.3
 
215.3
 
199.5

190.7
 
174.4
 
158.7
 
 
Pre-tax equity in (earnings) losses of investees
1.7
 
2.9
 
2.3
 
2.1

0.5
 
(3.0
)
19.5
 
 
Total Earnings (B)
$
328.6
 
$
703.5
 
$
674.1
 
$
635.2

$
619
 
$
611.5
 
$
539.6
 
 
Ratio of Earnings to Fixed Charges (B/A)
3.01
 
3.22
3.13
3.18
3.25
3.51
3.4