Exhibit 12.01
SCANA CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| | | | | | | | | | | | | | | | | | | | | | |
| Six Months | Twelve Months | Years Ended December 31, |
Dollars in Millions | | Ended June 30, 2012 | Ended June 30, 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
Fixed Charges as defined: | | | | | | | |
Interest on long-term debt | $ | 147.0 |
| $ | 292.2 |
| $ | 287.0 |
| $ | 270.4 |
| $ | 251.5 |
| $ | 238.2 |
| $ | 214.9 |
|
Amortization of debt premium, discount and expense (net) | 2.5 |
| 4.9 |
| 4.8 |
| 5.1 |
| 4.8 |
| 4.6 |
| 4.6 |
|
Interest component on rentals | 2.5 |
| 5.2 |
| 5.2 |
| 4.6 |
| 7.9 |
| 4.5 |
| 6.3 |
|
Preference security dividend requirement of consolidated subsidiary | — |
| — |
| — |
| — |
| 14.2 |
| 11.7 |
| 11.7 |
|
Total Fixed Charges (A) | $ | 152.0 |
| $ | 302.3 |
| $ | 297.0 |
| $ | 280.1 |
| $ | 278.4 |
| $ | 259.0 |
| $ | 237.5 |
|
Earnings as defined: | | | | | | | |
Pretax income (loss) from continuing operations | $ | 278.3 |
| $ | 569.5 |
| $ | 555.6 |
| $ | 535.4 |
| $ | 524.2 |
| $ | 542.1 |
| $ | 467.6 |
|
Total fixed charges | 152.0 |
| 302.3 |
| 297.0 |
| 280.1 |
| 278.4 |
| 259.0 |
| 237.5 |
|
Pretax equity in (earnings) losses of investees | (1.3 | ) | (2.8 | ) | (2.9 | ) | (1.1 | ) | (2.2 | ) | (8 | ) | 18.1 |
|
Cash distributions from equity investees | 1.2 |
| 4.0 |
| 3.6 |
| 4.8 |
| 3.3 |
| 6.2 |
| 7.8 |
|
Preference security dividend requirement from above | — |
| — |
| — |
| — |
| (14.2 | ) | (11.7 | ) | (11.7 | ) |
Total Earnings (B) | $ | 430.2 |
| $ | 873.0 |
| $ | 853.3 |
| $ | 819.2 |
| $ | 789.5 |
| $ | 787.6 |
| $ | 719.3 |
|
Ratio of Earnings to Fixed Charges (B/A) | 2.83 |
| 2.89 |
| 2.87 |
| 2.92 |
| 2.84 |
| 3.04 |
| 3.03 |
|
SOUTH CAROLINA ELECTRIC & GAS COMPANY
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Six Months | Twelve Months | Years Ended December 31, |
Dollars in Millions | | Ended June 30, 2012 | Ended June 30, 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
Fixed Charges as defined: | | | | | | | |
Interest on long-term debt | $ | 105.5 | | $ | 210.9 | | $ | 207.8 | | $ | 192.4 |
| $ | 181.4 |
| $ | 166.6 |
| $ | 149.8 |
|
Amortization of debt premium, discount and expense (net) | 2.0 | | 4.0 | | 3.9 | | 4.0 |
| 3.8 |
| 3.6 |
| 3.6 |
|
Interest component on rentals | 1.6 | | 3.4 | | 3.6 | | 3.1 |
| 5.5 |
| 4.2 |
| 5.3 |
|
Total Fixed Charges(A) | $ | 109.1 | | $ | 218.3 | | $ | 215.3 | | $ | 199.5 |
| $ | 190.7 |
| $ | 174.4 |
| $ | 158.7 |
|
Earnings as defined: | | | | | | | |
Pretax income from continuing operations | $ | 217.8 | | $ | 482.3 | | $ | 456.5 | | $ | 433.6 |
| $ | 427.8 |
| $ | 440.1 |
| $ | 361.4 |
|
Total fixed charges | 109.1 | | 218.3 | | 215.3 | | 199.5 |
| 190.7 |
| 174.4 |
| 158.7 |
|
Pre-tax equity in (earnings) losses of investees | 1.7 | | 2.9 | | 2.3 | | 2.1 |
| 0.5 |
| (3 | ) | 19.5 |
|
Total Earnings (B) | $ | 328.6 | | $ | 703.5 | | $ | 674.1 | | $ | 635.2 |
| $ | 619.0 |
| $ | 611.5 |
| $ | 539.6 |
|
Ratio of Earnings to Fixed Charges (B/A) | 3.01 | | 3.22 |
| 3.13 | | 3.18 | | 3.25 |
| 3.51 |
| 3.40 |
|