Exhibit 12.2
Consumers Energy Company
Ratios of Earnings to Fixed Charges
and Combined Fixed Charges and Preferred Dividends
In Millions, Except Ratios |
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| Nine Months |
| Year Ended December 31 |
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|
| September 30, 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
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Earnings as defined1 |
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|
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|
|
|
|
|
|
|
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Pretax income from continuing operations |
| $ | 753 |
| $ | 896 |
| $ | 873 |
| $ | 880 |
| $ | 736 |
| $ | 734 |
|
Fixed charges as defined |
| 218 |
| 275 |
| 274 |
| 269 |
| 269 |
| 287 |
| ||||||
Earnings as defined |
| $ | 971 |
| $ | 1,171 |
| $ | 1,147 |
| $ | 1,149 |
| $ | 1,005 |
| $ | 1,021 |
|
Fixed charges as defined1 |
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|
|
|
|
|
|
|
|
|
|
|
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Interest on long-term debt |
| $ | 195 |
| $ | 252 |
| $ | 243 |
| $ | 237 |
| $ | 232 |
| $ | 251 |
|
Estimated interest portion of lease rental |
| 14 |
| 21 |
| 21 |
| 21 |
| 21 |
| 18 |
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Other interest charges |
| 9 |
| 2 |
| 10 |
| 11 |
| 16 |
| 18 |
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Fixed charges as defined |
| 218 |
| 275 |
| 274 |
| 269 |
| 269 |
| 287 |
| ||||||
Preferred dividends |
| 2 |
| 3 |
| 3 |
| 3 |
| 3 |
| 3 |
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Combined fixed charges and preferred dividends |
| $ | 220 |
| $ | 278 |
| $ | 277 |
| $ | 272 |
| $ | 272 |
| $ | 290 |
|
Ratio of earnings to fixed charges |
| 4.45 |
| 4.26 |
| 4.19 |
| 4.27 |
| 3.74 |
| 3.56 |
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Ratio of earnings to combined fixed charges and preferred dividends |
| 4.41 |
| 4.21 |
| 4.14 |
| 4.22 |
| 3.69 |
| 3.52 |
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1 Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.