EX-12 6 exhibit1212-31x2011.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

ALLETE | Exhibit 12

Computation of Ratios of Earnings to Fixed Charges (Unaudited)

Year Ended December 31, 2011 | 2011 | 2010 | 2009 | 2008 | 2007
Millions |  |  |  |  |
Earnings are defined: |  |  |  |  |
| Pretax Income Before Non-Controlling Interest |  | $129.2 |  |  | $119.1 |  |  | $91.5 |  |  | $126.4 |  |  | $137.2 |
| Add: Fixed Charges | 47.6 |  | 43.4 |  | 38.3 |  | 30.3 |  | 26.6 |
| Less: Non-Controlling Interest (a) | — |  | — |  | — |  | — |  | — |
| Undistributed Income from Less than 50 percent Owned Equity Investment | 3.8 |  | 3.4 |  | 3.7 |  | 3.8 |  | 3.3 |
| Earnings as defined: |  | $173.0 |  |  | $159.1 |  |  | $126.1 |  |  | $152.9 |  |  | $160.5 |
Fixed Charges: |  |  |  |  |
| Interest on Long-Term Debt |  | $43.1 |  |  | $39.7 |  |  | $34.2 |  |  | $27.4 |  |  | $23.2 |
| Other Interest Charges | 1.6 |  | 1.0 |  | 1.6 |  | 0.4 |  | 1.5 |
| Interest Component of All Rentals (b) | 2.9 |  | 2.7 |  | 2.5 |  | 2.5 |  | 1.9 |
| Total Fixed Charges |  | $47.6 |  |  | $43.4 |  |  | $38.3 |  |  | $30.3 |  |  | $26.6 |
Ratio of Earnings to Fixed Charges | 3.63 |  | 3.67 |  | 3.29 |  | 5.05 |  | 6.03 |

(a) | Pretax income of subsidiaries that have not incurred fixed charges.

(b) | Represents interest portion of rents estimated at 33 1/3 percent.