EX-12.02 3 a12312012-ex1202.htm EXHIBIT 12.31.2012 - EX12.02

Exhibit 12.02
SOUTH CAROLINA ELECTRIC & GAS COMPANY
CALCULATION OF RATIOS
FOR THE YEAR ENDED DECEMBER 31, 2012
(Dollars in Millions)
CALCULATION OF BOND RATIO:
Net earnings(1)
 

$987.8

Divide by annualized interest charges on:
 
 
Bonds outstanding under SCE&G’s bond indenture dated April 1, 1993 (Mortgage)

$189.2

 
Total annualized interest charges
189.2

 
Bond Ratio
 
5.22


(1) 
As defined in the Mortgage.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES:
 
Years Ended December 31,
Dollars in Millions
 
2012
2011
2010
2009
2008
Fixed Charges as defined:
 
 
 
 
 
Interest on debt

$217.4


$207.8


$192.4


$181.4


$166.6

Amortization of debt premium, discount and expense (net)
3.9

3.9

4.0

3.8

3.6

Interest component on rentals
3.2

3.6

3.1

5.5

4.2

Total Fixed Charges(A)

$224.5


$215.3


$199.5


$190.7


$174.4

Earnings as defined:
 
 
 
 
 
Pretax income from continuing operations

$509.5


$456.5


$433.6


$427.8


$440.1

Total fixed charges
224.5

215.3

199.5

190.7

174.4

Pre-tax equity in (earnings) losses of investees
3.8

2.3

2.1

0.5

(3.0)

Total Earnings (B)

$737.8


$674.1


$635.2


$619.0


$611.5

Ratio of Earnings to Fixed Charges (B/A)
3.29

3.13

3.18

3.25

3.51




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