EX-12.01 2 a2018331-exhibit1201.htm EXHIBIT 12.01 Exhibit
Exhibit 12.01
COMPUTATION OF RATIOS
March 31, 2018
RATIO OF EARNINGS TO FIXED CHARGES
SCANA:
 
Three Months Ended March 31, 2018
 
Twelve Months Ended March 31, 2018
 
Years ended December 31,
Dollars in Millions
 
 
 
2017
2016
2015
2014
2013
Fixed Charges as defined:
 
 
 
 
 
 
 
 
 
 
Interest on debt
 

$98.7

 

$383.5

 

$377.6


$356.8


$327.8


$318.2


$305.9

Amortization of debt premium, discount and expense (net)
 
1.0

 
4.0

 
4.0

4.5

4.7

9.7

5.3

Interest component on rentals
 
0.8

 
3.3

 
3.3

3.5

3.7

4.1

4.9

Total Fixed Charges (A)
 

$100.5

 

$390.8

 

$384.9


$364.8


$336.2


$332.0


$316.1

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

$219.6

 
($256.0)
 
($230.7)
$865.6
$1,138.4

$786.0


$693.8

Total fixed charges above
 
100.5

 
390.8

 
384.9

364.8

336.2

332.0

316.1

Pretax equity in (earnings) losses of investees
 
0.9

 
9.6

 
8.9

(0.7
)
0.8

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

 
1.9

 
2.7

3.7

4.0

7.4

9.6

Total Earnings (B)
 
$321.0
 
$146.3
 
$165.8
$1,233.4
$1,479.4
$1,124.0
$1,016.3
Ratio of Earnings to Fixed Charges (B/A)
 
3.19

 
0.37

 
0.43

3.38

4.40

3.39

3.22

Amount of Earnings Deficiency Below Fixed Charges
 
 
 
$244.5
 
$219.1
 
 
 
 


SCE&G:
 
Three Months Ended March 31, 2018
 
Twelve Months Ended March 31, 2018
 
Years ended December 31,
Dollars in Millions
 
 
 
2017
2016
2015
2014
2013
Fixed Charges as defined:
 
 
 
 
 
 
 
 
 
 
Interest on debt
 

$78.5

 

$304.4

 

$300.2


$284.6


$258.4


$237.6


$226.4

Amortization of debt premium, discount and expense (net)
 
0.7

 
2.9

 
2.9

3.5

3.7

4.4

4.2

Interest component on rentals
 
0.9

 
3.8

 
3.8

4.0

4.1

4.0

4.5

Total Fixed Charges (A)
 

$80.1

 

$311.1

 

$306.9


$292.1


$266.2


$246.0


$235.1

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

$166.9

 

($339.5
)
 

($342.6
)

$774.1


$711.0


$676.0


$579.7

Total fixed charges above
 
80.1

 
311.1

 
306.9

292.1

266.2

246.0

235.1

Pretax equity in losses of investees
 
1.3

 
5.1

 
4.6

3.1

5.0

5.3

3.5

Total Earnings (B)
 

$248.3

 

($23.3
)
 
($31.1)

$1069.3


$982.2


$927.3


$818.3

Ratio of Earnings to Fixed Charges (B/A)
 
3.10

 
(0.07)

 
(0.10)

3.66

3.69

3.77

3.48

Amount of Earnings Deficiency Below Fixed Charges
 
 
 
$334.4
 
$338.0