EX-12.2 3 a16-11535_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 |
|  | Six Months |  |  |  |  |  |  |  |  |  |  |
|  | Ended |  | Year Ended December 31 |
|  | June 30, 2016 |  | 2015 |  | 2014 |  | 2013 |  | 2012 |  | 2011 |
Earnings as defined 1 |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax income from continuing operations |  | $ | 455 |  | $ | 896 |  | $ | 873 |  | $ | 880 |  | $ | 736 |  | $ | 734 |
Exclude equity basis subsidiaries |  | - |  | - |  | - |  | - |  | - |  | - |
Fixed charges as defined |  | 146 |  | 275 |  | 274 |  | 269 |  | 269 |  | 287 |
Earnings as defined |  | $ | 601 |  | $ | 1,171 |  | $ | 1,147 |  | $ | 1,149 |  | $ | 1,005 |  | $ | 1,021 |
Fixed charges as defined 1 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on long-term debt |  | $ | 130 |  | $ | 252 |  | $ | 243 |  | $ | 237 |  | $ | 232 |  | $ | 251 |
Estimated interest portion of lease rental |  | 10 |  | 21 |  | 21 |  | 21 |  | 21 |  | 18 |
Other interest charges |  | 6 |  | 2 |  | 10 |  | 11 |  | 16 |  | 18 |
Fixed charges as defined |  | 146 |  | 275 |  | 274 |  | 269 |  | 269 |  | 287 |
Preferred dividends |  | 1 |  | 3 |  | 3 |  | 3 |  | 3 |  | 3 |
Combined fixed charges and preferred dividends |  | $ | 147 |  | $ | 278 |  | $ | 277 |  | $ | 272 |  | $ | 272 |  | $ | 290 |
Ratio of earnings to fixed charges |  | 4.12 |  | 4.26 |  | 4.19 |  | 4.27 |  | 3.74 |  | 3.56 |
Ratio of earnings to combined fixed charges and preferred dividends |  | 4.09 |  | 4.21 |  | 4.14 |  | 4.22 |  | 3.69 |  | 3.52 |

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