EX-12.2 3 ex12209302018.htm EXHIBIT 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 |
| Nine Months Ended |  |  | Year Ended December 31
| September 30, 2018 |  |  | 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013 |
Earnings as defined 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pretax income from continuing operations |  | $ | 685 |  |  |  | $ | 971 |  |  | $ | 936 |  |  | $ | 896 |  |  | $ | 873 |  |  | $ | 880 |
Fixed charges as defined |  | 236 |  |  |  | 305 |  |  | 302 |  |  | 275 |  |  | 274 |  |  | 269 |
Earnings as defined |  | $ | 921 |  |  |  | $ | 1,276 |  |  | $ | 1,238 |  |  | $ | 1,171 |  |  | $ | 1,147 |  |  | $ | 1,149 |
Fixed charges as defined 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on long-term debt |  | $ | 203 |  |  |  | $ | 263 |  |  | $ | 261 |  |  | $ | 252 |  |  | $ | 243 |  |  | $ | 237 |
Estimated interest portion of lease rental |  | 20 |  |  |  | 27 |  |  | 29 |  |  | 21 |  |  | 21 |  |  | 21 |
Other interest charges |  | 14 |  |  |  | 15 |  |  | 12 |  |  | 2 |  |  | 10 |  |  | 11 |
Fixed charges as defined |  | $ | 237 |  |  |  | 305 |  |  | 302 |  |  | 275 |  |  | 274 |  |  | 269 |
Preferred dividends |  | 1 |  |  |  | 3 |  |  | 3 |  |  | 3 |  |  | 3 |  |  | 3 |
Combined fixed charges and preferred dividends |  | $ | 238 |  |  |  | $ | 308 |  |  | $ | 305 |  |  | $ | 278 |  |  | $ | 277 |  |  | $ | 272 |
Ratio of earnings to fixed charges |  | 3.89 |  |  |  | 4.18 |  |  | 4.10 |  |  | 4.26 |  |  | 4.19 |  |  | 4.27 |
Ratio of earnings to combined fixed charges and preferred dividends |  | 3.87 |  |  |  | 4.14 |  |  | 4.06 |  |  | 4.21 |  |  | 4.14 |  |  | 4.22 |

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