EX-12.2 5 a2212663zex-12_2.htm EX-12.2
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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 |  | 2012 |  | 2011 |  | 2010 |  | 2009 |  | 2008 |
Earnings as defined1 |  |  |  |  |  |  |  |  |  |  |
Pretax income from continuing operations |  | $ 736 |  | $ 734 |  | $ 688 |  | $ 456 |  | $ 562 |
Exclude equity basis subsidiaries |  | – |  | – |  | – |  | – |  | – |
Fixed charges as defined |  | 269 |  | 287 |  | 296 |  | 313 |  | 276 |
Earnings as defined |  | $ 1,005 |  | $ 1,021 |  | $ 984 |  | $ 769 |  | $ 838 |
Fixed charges as defined1 |  |  |  |  |  |  |  |  |  |  |
Interest on long-term debt |  | $ 232 |  | $ 251 |  | $ 246 |  | $ 250 |  | $ 229 |
Estimated interest portion of lease rental |  | 21 |  | 18 |  | 16 |  | 17 |  | 25 |
Other interest charges |  | 16 |  | 18 |  | 34 |  | 46 |  | 22 |
Fixed charges as defined |  | 269 |  | 287 |  | 296 |  | 313 |  | 276 |
Preferred dividends |  | 3 |  | 3 |  | 3 |  | 3 |  | 3 |
Combined fixed charges and preferred dividends |  | $ 272 |  | $ 290 |  | $ 299 |  | $ 316 |  | $ 279 |
Ratio of earnings to fixed charges |  | 3.74 |  | 3.56 |  | 3.32 |  | 2.46 |  | 3.04 |
Ratio of earnings to combined fixed charges and preferred dividends |  | 3.69 |  | 3.52 |  | 3.29 |  | 2.43 |  | 3.00 |

NOTES:

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

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CONSUMERS ENERGY COMPANY Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends