Exhibit 12.01
RATIO OF EARNINGS TO FIXED CHARGES
December 31, 2017
SCANA: | Years ended December 31, | |||||||||||||||
Dollars in Millions | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
Fixed Charges as defined: | ||||||||||||||||
Interest on debt | $377.6 | $356.8 | $327.8 | $318.2 | $305.9 | |||||||||||
Amortization of debt premium, discount and expense (net) | 4.0 | 4.5 | 4.7 | 9.7 | 5.3 | |||||||||||
Interest component on rentals | 3.3 | 3.5 | 3.7 | 4.1 | 4.9 | |||||||||||
Total Fixed Charges (A) | $384.9 | $364.8 | $336.2 | $332.0 | $316.1 | |||||||||||
Earnings as defined: | ||||||||||||||||
Pretax income (loss) from continuing operations | ($230.7 | ) | $865.6 | $1138.4 | $786.0 | $693.8 | ||||||||||
Total fixed charges above | 384.9 | 364.8 | 336.2 | 332.0 | 316.1 | |||||||||||
Pretax equity in (earnings) losses of investees | 8.9 | (0.7 | ) | 0.8 | (1.4 | ) | (3.2 | ) | ||||||||
Cash distributions from equity investees | 2.7 | 3.7 | 4.0 | 7.4 | 9.6 | |||||||||||
Total Earnings (B) | $165.8 | $1,233.4 | $1,479.4 | $1,124.0 | $1,016.3 | |||||||||||
Ratio of Earnings to Fixed Charges (B/A) | 0.43 | 3.38 | 4.40 | 3.39 | 3.22 | |||||||||||
Amount of Earnings Deficiency below Fixed Charges | $219.1 |
SCE&G: | Years ended December 31, | |||||||||||||||
Dollars in Millions | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
Fixed Charges as defined: | ||||||||||||||||
Interest on debt | $300.2 | $284.6 | $258.4 | $237.6 | $226.4 | |||||||||||
Amortization of debt premium, discount and expense (net) | 2.9 | 3.5 | 3.7 | 4.4 | 4.2 | |||||||||||
Interest component on rentals | 3.8 | 4.0 | 4.1 | 4.0 | 4.5 | |||||||||||
Total Fixed Charges (A) | $306.9 | $292.1 | $266.2 | $246.0 | $235.1 | |||||||||||
Earnings as defined: | ||||||||||||||||
Pretax income (loss) from continuing operations | ($342.6 | ) | $774.1 | $711.0 | $676.0 | $579.7 | ||||||||||
Total fixed charges above | 306.9 | 292.1 | 266.2 | 246.0 | 235.1 | |||||||||||
Pretax equity in (earnings) losses of investees | 4.6 | 3.1 | 5.0 | 5.3 | 3.5 | |||||||||||
Total Earnings (Loss) (B) | ($31.1 | ) | $1,069.3 | $982.2 | $927.3 | $818.3 | ||||||||||
Ratio of Earnings (Loss) to Fixed Charges (B/A) | (0.10) | 3.66 | 3.69 | 3.77 | 3.48 | |||||||||||
Amount of Earnings Deficiency below Fixed Charges | $338.0 |