EX-12.01 2 a2202219zex-12_01.htm EX-12.01
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Exhibit 12.01

SCANA CORPORATION
CALCULATION OF RATIOS
FOR THE YEAR ENDED DECEMBER 31, 2010
(Dollars in Millions)

CALCULATION OF BOND RATIO:

Net earnings(1)

        $ 858.1  

Divide by annualized interest charges on:

             

Bonds outstanding under SCE&G's bond indenture dated April 1, 1993

  $ 160.2        

Total annualized interest charges

    160.2        

Bond Ratio

          5.36  

(1)
As defined in the Mortgage.


CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES:

 
  Years Ended December 31,  
Dollars in Millions
  2010   2009   2008   2007   2006  

Fixed Charges as defined:

                               

Interest on long-term debt

  $ 270.4   $ 251.5   $ 238.2   $ 214.9   $ 213.1  

Amortization of debt premium, discount and expense (net)

    5.1     4.8     4.6     4.6     4.8  

Interest component on rentals

    4.6     7.9     4.5     6.3     5.0  

Preference security dividend requirement of consolidated subsidiary

        14.2     11.7     11.7     11.8  
                       

Total Fixed Charges (A)

  $ 280.1   $ 278.4   $ 259.0   $ 237.5   $ 234.7  
                       

Earnings as defined:

                               

Pretax income (loss) from continuing operations

  $ 535.4   $ 524.2   $ 542.1   $ 467.6   $ 440.2  

Total fixed charges above

    280.1     278.4     259.0     237.5     234.7  

Pretax equity in (earnings) losses of investees

    (1.1 )   (2.2 )   (8.0 )   18.1     20.1  

Cash distributions from equity investees

    4.8     3.3     6.2     7.8     6.7  

Preference security dividend requirement from above

        (14.2 )   (11.7 )   (11.7 )   (11.8 )
                       

Total Earnings (B)

  $ 819.2   $ 789.5   $ 787.6   $ 719.3   $ 689.9  
                       

Ratio of Earnings to Fixed Charges (B/A)

    2.92     2.84     3.04     3.03     2.94  



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SCANA CORPORATION CALCULATION OF RATIOS FOR THE YEAR ENDED DECEMBER 31, 2010 (Dollars in Millions)