EX-12.01 7 exhibit12-01ratios.htm EXHIBIT 12.01 Exhibit

Exhibit 12.01


RATIO OF EARNINGS TO FIXED CHARGES
December 31, 2017

SCANA:
 
Years ended December 31,
Dollars in Millions
 
2017
2016
2015
2014
2013
Fixed Charges as defined:
 
 
 
 
 
 
Interest on debt
 

$377.6


$356.8


$327.8


$318.2


$305.9

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

4.5

4.7

9.7

5.3

Interest component on rentals
 
3.3

3.5

3.7

4.1

4.9

Total Fixed Charges (A)
 

$384.9


$364.8


$336.2


$332.0


$316.1

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

($230.7
)

$865.6


$1138.4


$786.0


$693.8

Total fixed charges above
 
384.9

364.8

336.2

332.0

316.1

Pretax equity in (earnings) losses of investees
 
8.9

(0.7
)
0.8

(1.4
)
(3.2
)
Cash distributions from equity investees
 
2.7

3.7

4.0

7.4

9.6

Total Earnings (B)
 
$165.8
$1,233.4
$1,479.4
$1,124.0
$1,016.3
Ratio of Earnings to Fixed Charges (B/A)
 
0.43

3.38

4.40

3.39

3.22

Amount of Earnings Deficiency below Fixed Charges
 
$219.1
 
 
 
 


SCE&G:
 
Years ended December 31,
Dollars in Millions
 
2017
2016
2015
2014
2013
Fixed Charges as defined:
 
 
 
 
 
 
Interest on debt
 

$300.2


$284.6


$258.4


$237.6


$226.4

Amortization of debt premium, discount and expense (net)
 
2.9

3.5

3.7

4.4

4.2

Interest component on rentals
 
3.8

4.0

4.1

4.0

4.5

Total Fixed Charges (A)
 

$306.9


$292.1


$266.2


$246.0


$235.1

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

($342.6
)

$774.1


$711.0


$676.0


$579.7

Total fixed charges above
 
306.9

292.1

266.2

246.0

235.1

Pretax equity in (earnings) losses of investees
 
4.6

3.1

5.0

5.3

3.5

Total Earnings (Loss) (B)
 

($31.1
)
$1,069.3

$982.2


$927.3


$818.3

Ratio of Earnings (Loss) to Fixed Charges (B/A)
 
(0.10)

3.66

3.69

3.77

3.48

Amount of Earnings Deficiency below Fixed Charges
 
$338.0