EX-12.01 3 a12312017-ex1201.htm EXHIBIT 12.01 Exhibit
Exhibit 12.01
COMPUTATION OF RATIOS
December 31, 2017

BOND RATIO
    
SCANA and SCE&G:
Dollars in Millions
 
 
 
Year Ended December 31, 2017
 
 
 
Net earnings as defined in SCE&G's bond indenture dated April 1, 1993 (Mortgage)
 
$
1,342.7

*
Divide by annualized interest charges on:
 
 
 
Bonds outstanding under the Mortgage
$
256.4

 
 
Total annualized interest charges
256.4

 
 
Bond Ratio
 
5.24

 
* Net earnings as defined excludes the recognition of expense due to the nonrecoverability of investment; therefore, it excludes the impairment loss.
 
 
 


RATIO OF EARNINGS TO FIXED CHARGES
Dollars in Millions
 
SCANA
 
SCE&G
Years Ended December 31,
 
2017
2016
2015
2014
2013
 
2017
2016
2015
2014
2013
Fixed Charges as defined:
 
 
 
 
 
 
 
 
 
 
 
 
Interest on debt
 

$377.6


$356.8


$327.8


$318.2


$305.9

 

$300.2


$284.6


$258.4


$237.6


$226.4

Amortization of debt premium, discount and expense (net)
 
4.0

4.5

4.7

9.7

5.3

 
2.9

3.5

3.7

4.4

4.2

Interest component on rentals
 
3.3

3.5

3.7

4.1

4.9

 
3.8

4.0

4.1

4.0

4.5

Total Fixed Charges (A)
 

$384.9


$364.8


$336.2


$332.0


$316.1

 

$306.9


$292.1


$266.2


$246.0


$235.1

Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
Pretax income (loss) from continuing operations
 

($230.7
)

$865.6


$1,138.4


$786.0


$693.8

 

($342.6
)

$774.1


$711.0


$676.0


$579.7

Total fixed charges above
 
384.9

364.8

336.2

332.0

316.1

 
306.9

292.1

266.2

246.0

235.1

Pretax equity in (earnings) losses of investees
 
8.9

(0.7
)
0.8

(1.4
)
(3.2
)
 
4.6

3.1

5.0

5.3

3.5

Cash distributions from equity investees
 
2.7

3.7

4.0

7.4

9.6

 
-

-

-

-

-

Total Earnings (Loss) (B)
 
$165.8
$1,233.4
$1,479.4
$1,124.0
$1,016.3
 

($31.1
)

$1,069.3


$982.2


$927.3


$818.3

Ratio of Earnings (Loss) to Fixed Charges (B/A)
 
0.43

3.38

4.40

3.39

3.22

 
(0.10)

3.66

3.69

3.77

3.48

Amount of Earnings Deficiency Below Fixed Charges
 

$219.1

 
 
 
 
 

$338.0