EX-12.2 4 d287367dex122.htm EXHIBIT 12.2

Exhibit 12.2

CONSUMERS ENERGY COMPANY

Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends

|  | In Millions, Except Ratios |
Years Ended December 31 |  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2008 |  |  | 2007 |
Earnings as defined 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax income from continuing operations |  | $ | 734 |  |  | $ | 688 |  |  | $ | 456 |  |  | $ | 562 |  |  | $ | 437 |
Exclude equity basis subsidiaries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Fixed charges as defined |  |  | 287 |  |  |  | 296 |  |  |  | 313 |  |  |  | 276 |  |  |  | 293 |
Earnings as defined |  | $ | 1,021 |  |  | $ | 984 |  |  | $ | 769 |  |  | $ | 838 |  |  | $ | 730 |
Fixed charges as defined 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on long-term debt |  | $ | 251 |  |  | $ | 246 |  |  | $ | 250 |  |  | $ | 229 |  |  | $ | 236 |
Estimated interest portion of lease rental |  |  | 18 |  |  |  | 16 |  |  |  | 17 |  |  |  | 25 |  |  |  | 23 |
Other interest charges |  |  | 18 |  |  |  | 34 |  |  |  | 46 |  |  |  | 22 |  |  |  | 34 |
Fixed charges as defined |  | $ | 287 |  |  | $ | 296 |  |  | $ | 313 |  |  | $ | 276 |  |  | $ | 293 |
Preferred dividends |  |  | 3 |  |  |  | 3 |  |  |  | 3 |  |  |  | 3 |  |  |  | 3 |
Combined fixed charges and preferred dividends |  | $ | 290 |  |  | $ | 299 |  |  | $ | 316 |  |  | $ | 279 |  |  | $ | 296 |
Ratio of earnings to fixed charges |  |  | 3.56 |  |  |  | 3.32 |  |  |  | 2.46 |  |  |  | 3.04 |  |  |  | 2.49 |
Ratio of earnings to combined fixed charges and preferred dividends |  |  | 3.52 |  |  |  | 3.29 |  |  |  | 2.43 |  |  |  | 3.00 |  |  |  | 2.47 |

NOTES:

1 | Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.