EX-12.2 5 a15-1932_1ex12d2.htm EX-12.2

Exhibit 12.2

CONSUMERS ENERGY COMPANY

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

|  |  |  |  |  | In Millions, Except Ratios |
Years Ended December 31 |  | 2014 |  | 2013 |  | 2012 |  | 2011 |  | 2010 |
Earnings as defined 1 |  |  |  |  |  |  |  |  |  |  |
Pretax income from continuing operations |  | $ | 873 |  | $ | 880 |  | $ | 736 |  | $ | 734 |  | $ | 688 |
Exclude equity basis subsidiaries |  | - |  | - |  | - |  | - |  | - |
Fixed charges as defined |  | 274 |  | 269 |  | 269 |  | 287 |  | 296 |
Earnings as defined |  | $ | 1,147 |  | $ | 1,149 |  | $ | 1,005 |  | $ | 1,021 |  | $ | 984 |
Fixed charges as defined 1 |  |  |  |  |  |  |  |  |  |  |
Interest on long-term debt |  | $ | 243 |  | $ | 237 |  | $ | 232 |  | $ | 251 |  | $ | 246 |
Estimated interest portion of lease rental |  | 21 |  | 21 |  | 21 |  | 18 |  | 16 |
Other interest charges |  | 10 |  | 11 |  | 16 |  | 18 |  | 34 |
Fixed charges as defined |  | 274 |  | 269 |  | 269 |  | 287 |  | 296 |
Preferred dividends |  | 3 |  | 3 |  | 3 |  | 3 |  | 3 |
Combined fixed charges and preferred dividends |  | $ | 277 |  | $ | 272 |  | $ | 272 |  | $ | 290 |  | $ | 299 |
Ratio of earnings to fixed charges |  | 4.19 |  | 4.27 |  | 3.74 |  | 3.56 |  | 3.32 |
Ratio of earnings to combined fixed charges and preferred dividends |  | 4.14 |  | 4.22 |  | 3.69 |  | 3.52 |  | 3.29 |

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