CMS Energy Corporation 5.875% J (CMS) 10-Q 2008 Q2 Quarterly report

Exhibit (12)(b)

CONSUMERS ENERGY COMPANY
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)

	Six
	Months
	Ended
	June 30		Year Ended December 31
	2008		2007		2006			2005			2004			2003
								(b)
Earnings as defined (a)
Pretax income from continuing operations	$	299	$	437	$	167		$	(590	)	$	439		$	333
Exclude equity basis subsidiaries (c)		—		—		(1	)		(1	)		(1	)		(42	)
Include equity basis dividends received (c)		—		—		—			—			—			45
Fixed charges as defined		138		293		307			316			345			261
Earnings as defined	$	437	$	730	$	473		$	(275	)	$	783		$	597
Fixed charges as defined (a)
Interest on long-term debt	$	113	$	236	$	286		$	305		$	328		$	241
Estimated interest portion of lease rental		14		23		8			6			4			7
Other interest charges		11		34		13			5			13			13
Fixed charges as defined	$	138		293		307			316			345			261
Preferred dividends		2		3		3			3			3			3
Combined fixed charges and preferred dividends	$	140	$	296	$	310		$	319		$	348		$	264
Ratio of earnings to fixed charges		3.17		2.49		1.54			—			2.27			2.29
Ratio of earnings to combined fixed charges and preferred dividends		3.12		2.47		1.53			—			2.25			2.26

NOTES:
(a)	Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.
(b)	For the year ended December 31, 2005, fixed charges exceeded earnings by $591 million and combined fixed charges and preferred dividends exceeded earnings by $594 million. Earnings as defined include $1.184 billion of asset impairment charges.
(c)	In 2004, we consolidated the MCV Partnership and the FMLP in accordance with Revised FASB Interpretation No. 46.