EX-12.01 10 a2195427zex-12_01.htm EX-12.01
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Exhibit 12.01

        SCANA Corporation


Ratio of Earnings to Fixed Charges

 
  Nine
Months
Ended
September 30,
2009
  Twelve
Months
Ended
September 30,
2009
   
   
   
   
   
 
 
  Years Ended December 31,  
Dollars in Millions
  2008   2007   2006   2005   2004  

Fixed Charges as defined:

                                           
 

Interest on long-term debt

  $ 186.9   $ 254.1   $ 238.2   $ 214.9   $ 213.1   $ 209.4   $ 206.9  
 

Amortization of debt premium, discount and expense (net)

    3.6     4.8     4.6     4.6     4.8     6.0     5.4  
 

Interest component on rentals

    7.1     6.6     4.5     6.3     5.0     4.7     3.9  
 

Preference security dividend requirement of consolidated subsidiary

    8.8     11.7     11.7     11.7     11.8     11.8     11.9  
                               
   

Total Fixed Charges (A)

  $ 206.4   $ 277.2   $ 259.0   $ 237.5   $ 234.7   $ 231.9   $ 228.1  
                               

Earnings as defined:

                                           
 

Pretax income (loss) from continuing operations

  $ 399.3   $ 534.9   $ 542.1   $ 467.6   $ 440.2   $ 208.7   $ 387.1  
 

Total fixed charges above

    206.4     277.2     259.0     237.5     234.7     231.9     228.1  
 

Pretax equity in (earnings) losses of investees

    (4.1 )   (5.4 )   (8.0 )   18.1     20.1     71.9     (5.4 )
 

Cash distributions from equity investees

    2.4     4.9     6.2     7.8     6.7     7.1     7.4  
 

Preference security dividend requirement from above

    (8.8 )   (11.7 )   (11.7 )   (11.7 )   (11.8 )   (11.8 )   (11.9 )
                               
   

Total Earnings (B)

  $ 595.2   $ 799.9   $ 787.6   $ 719.3   $ 689.9   $ 507.8   $ 605.3  
                               

Ratio of Earnings to Fixed Charges (B/A)

    2.88     2.89     3.04     3.03     2.94     2.19     2.65  

Note:
For purposes of these ratios, earnings represent pre-tax income from continuing operations plus fixed charges and distributed income from equity investees, less preferred stock dividend requirements. Fixed charges represent interest charges, preferred stock dividend requirements and the estimated interest portion of annual rentals.

South Carolina Electric & Gas Company


Ratios of Earnings to Fixed Charges

 
  Nine
Months
Ended
September 30,
2009
  Twelve
Months
Ended
September 30,
2009
   
   
   
   
   
 
 
  Years Ended December 31,  
Dollars in Millions
  2008   2007   2006   2005   2004  

Fixed Charges as defined:

                                           
 

Interest on long-term debt

  $ 134.5   $ 184.3   $ 166.6   $ 149.8   $ 144.1   $ 143.0   $ 144.2  
 

Amortization of debt premium, discount and expense (net)

    2.9     3.8     3.6     3.6     3.8     4.2     4.2  
 

Interest component on rentals

    4.8     5.1     4.2     5.3     4.3     3.9     3.3  
                               
   

Total Fixed Charges (A)

  $ 142.2   $ 193.2   $ 174.4   $ 158.7   $ 152.2   $ 151.1   $ 151.7  
                               

Earnings as defined:

                                           
 

Pretax income (loss) from continuing operations

  $ 344.6   $ 431.4   $ 440.1   $ 361.4   $ 331.5   $ 113.7   $ 362.8  
 

Total fixed charges above

    142.2     193.2     174.4     158.7     152.2     151.1     151.7  
 

Pretax equity in (earnings) losses of investees

            (3.0 )   19.5     21.8     77.2     1.3  
                               
   

Total Earnings (B)

  $ 486.8   $ 624.6   $ 611.5   $ 539.6   $ 505.5   $ 342.0   $ 515.8  
                               

Ratio of Earnings to Fixed Charges (B/A)

    3.42     3.23     3.51     3.40     3.32     2.26     3.40  

Note:
For purposes of these ratios, earnings represent pre-tax income from continuing operations plus fixed charges and distributed income from equity investees, less preferred stock dividend requirements. Fixed charges represent interest charges, preferred stock dividend requirements and the estimated interest portion of annual rentals.



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