TECO Energy 10-Q 2015 Q2 Quarterly report

Exhibit 12.2

TAMPA ELECTRIC COMPANY

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth Tampa Electric Company’s ratio of earnings to fixed charges for the periods indicated.

	6-months ended June 30,		12-months ended June 30,		Year Ended Dec. 31,
(millions)	2015		2015		2014		2013		2012		2011		2010
Income from continuing operations,    before income taxes	$	218.4	$	427.4	$	416.2	$	364.4	$	368.9	$	380.7	$	386.6
Interest expense		59.9		119.5		115.8		112.7		129.9		141.9		143.9
Earnings before taxes and    fixed charges	$	278.3	$	546.9	$	532.0	$	477.1	$	498.8	$	522.6	$	530.5
Interest expense	$	59.9	$	119.5	$	115.8	$	112.7	$	129.9	$	141.9	$	143.9
Total fixed charges	$	59.9	$	119.5	$	115.8	$	112.7	$	129.9	$	141.9	$	143.9
Ratio of earnings to fixed charges	4.65x		4.58x		4.59x		4.23x		3.84x		3.68x		3.69x

For the purposes of calculating these ratios, earnings consist of income from continuing operations before income taxes and fixed charges. Fixed charges consist of interest expense on indebtedness, amortization of debt premium and an estimate of the interest component of rentals.  Interest expense includes total interest expense, excluding AFUDC, and an estimate of the interest component of rentals.