Exhibit 12.2
CONSUMERS ENERGY COMPANY
Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
In Millions, Except Ratios | ||||||||||||||||||||||||||
Six Months Ended | Year Ended December 31 | |||||||||||||||||||||||||
June 30, 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||||
Earnings as defined1 | ||||||||||||||||||||||||||
Pretax income from continuing operations | $ | 330 | $ | 734 | $ | 688 | $ | 456 | $ | 562 | $ | 437 | ||||||||||||||
Exclude equity basis subsidiaries | - | - | - | - | - | - | ||||||||||||||||||||
Fixed charges as defined | 136 | 287 | 296 | 313 | 276 | 293 | ||||||||||||||||||||
Earnings as defined | $ | 466 | $ | 1,021 | $ | 984 | $ | 769 | $ | 838 | $ | 730 | ||||||||||||||
Fixed charges as defined1 | ||||||||||||||||||||||||||
Interest on long-term debt | $ | 119 | $ | 251 | $ | 246 | $ | 250 | $ | 229 | $ | 236 | ||||||||||||||
Estimated interest portion of lease rental | 9 | 18 | 16 | 17 | 25 | 23 | ||||||||||||||||||||
Other interest charges | 8 | 18 | 34 | 46 | 22 | 34 | ||||||||||||||||||||
Fixed charges as defined | $ | 136 | $ | 287 | $ | 296 | $ | 313 | $ | 276 | $ | 293 | ||||||||||||||
Preferred dividends | 2 | 3 | 3 | 3 | 3 | 3 | ||||||||||||||||||||
Combined fixed charges and preferred dividends | $ | 138 | $ | 290 | $ | 299 | $ | 316 | $ | 279 | $ | 296 | ||||||||||||||
Ratio of earnings to fixed charges | 3.43 | 3.56 | 3.32 | 2.46 | 3.04 | 2.49 | ||||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred dividends | 3.38 | 3.52 | 3.29 | 2.43 | 3.00 | 2.47 | ||||||||||||||||||||
NOTES:
1 | Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K. |