Exhibit 12.2
CONSUMERS ENERGY COMPANY
Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
Six Months Ended | Year Ended December 31 | |||||||||||||||||||||||
June 30, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Earnings as defined1 | ||||||||||||||||||||||||
Pretax income from continuing operations | $ | 389 | $ | 688 | $ | 456 | $ | 562 | $ | 437 | $ | 167 | ||||||||||||
Exclude equity basis subsidiaries | — | — | — | — | — | (1 | ) | |||||||||||||||||
Fixed charges as defined | 145 | 296 | 313 | 276 | 293 | 307 | ||||||||||||||||||
Earnings as defined | $ | 534 | $ | 984 | $ | 769 | $ | 838 | $ | 730 | $ | 473 | ||||||||||||
Fixed charges as defined1 | ||||||||||||||||||||||||
Interest on long-term debt | $ | 126 | $ | 246 | $ | 250 | $ | 229 | $ | 236 | $ | 286 | ||||||||||||
Estimated interest portion of lease rental | 10 | 16 | 17 | 25 | 23 | 8 | ||||||||||||||||||
Other interest charges | 9 | 34 | 46 | 22 | 34 | 13 | ||||||||||||||||||
Fixed charges as defined | $ | 145 | $ | 296 | $ | 313 | $ | 276 | $ | 293 | $ | 307 | ||||||||||||
Preferred dividends | 2 | 3 | 3 | 3 | 3 | 3 | ||||||||||||||||||
Combined fixed charges and preferred dividends | $ | 147 | $ | 299 | $ | 316 | $ | 279 | $ | 296 | $ | 310 | ||||||||||||
Ratio of earnings to fixed charges | 3.68 | 3.32 | 2.46 | 3.04 | 2.49 | 1.54 | ||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred dividends | 3.63 | 3.29 | 2.43 | 3.00 | 2.47 | 1.53 | ||||||||||||||||||
NOTES:
1 | Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K. |