| Exhibit 12 | ||||||||||||||||||
| WISCONSIN PUBLIC SERVICE CORPORATION | ||||||||||||||||||
| COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND | ||||||||||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS | ||||||||||||||||||
| Nine Months Ended | For the Years Ended December 31 | |||||||||||||||||
| (Millions, except ratio) | September 30, 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||
| EARNINGS | ||||||||||||||||||
| Net income from continuing operations | $ | 109.8 | $ | 134.8 | $ | 125.9 | $ | 135.0 | $ | 120.4 | $ | 132.3 | ||||||
| Provision for income taxes | 64.7 | 62.6 | 73.2 | 78.0 | 68.0 | 73.1 | ||||||||||||
| Income from continuing operations before income taxes | $ | 174.5 | $ | 197.4 | $ | 199.1 | $ | 213.0 | $ | 188.4 | $ | 205.4 | ||||||
| Less: Undistributed earnings of less than 50% owned affiliates | (1.5 | ) | (1.9 | ) | (1.8 | ) | (1.7 | ) | (1.8 | ) | (2.2 | ) | ||||||
| Adjusted income from continuing operations before income taxes | $ | 173.0 | $ | 195.5 | $ | 197.3 | $ | 211.3 | $ | 186.6 | $ | 203.2 | ||||||
| Total fixed charges as defined | 35.5 | 44.8 | 51.3 | 56.9 | 58.5 | 48.1 | ||||||||||||
| Total earnings as defined | $ | 208.5 | $ | 240.3 | $ | 248.6 | $ | 268.2 | $ | 245.1 | $ | 251.3 | ||||||
| FIXED CHARGES | ||||||||||||||||||
| Interest expense | $ | 31.9 | $ | 42.5 | $ | 49.5 | $ | 54.4 | $ | 54.0 | $ | 44.0 | ||||||
| Allowance for funds used during construction | 2.5 | 0.9 | 0.2 | 0.3 | 2.0 | 1.8 | ||||||||||||
| Interest factor applicable to rentals | 1.1 | 1.4 | 1.6 | 2.2 | 2.5 | 2.3 | ||||||||||||
| Total fixed charges as defined | $ | 35.5 | $ | 44.8 | $ | 51.3 | $ | 56.9 | $ | 58.5 | $ | 48.1 | ||||||
| Preferred stock dividend requirements * | 3.7 | 4.5 | 5.2 | 5.2 | 4.9 | 4.8 | ||||||||||||
| Total fixed charges and preferred stock dividend requirements | $ | 39.2 | $ | 49.3 | $ | 56.5 | $ | 62.1 | $ | 63.4 | $ | 52.9 | ||||||
| RATIO OF EARNINGS TO FIXED CHARGES | 5.9 | 5.4 | 4.8 | 4.7 | 4.2 | 5.2 | ||||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS | 5.3 | 4.9 | 4.4 | 4.3 | 3.9 | 4.7 | ||||||||||||
* Represents our preferred stock dividend requirements computed by dividing the preferred stock dividend requirement by 100% minus the income tax rate.