Exhibit 12.01
COMPUTATION OF RATIOS
March 31, 2014
RATIO OF EARNINGS TO FIXED CHARGES
SCANA: | Three Months Ended March 31, 2014 | Twelve Months Ended March 31, 2014 | Years ended December 31, | |||||||||||||||||||||
Dollars in Millions | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Fixed Charges as defined: | ||||||||||||||||||||||||
Interest on debt | $77.9 | $308.0 | $305.9 | $301.3 | $287.0 | $270.4 | $251.5 | |||||||||||||||||
Amortization of debt premium, discount and expense (net) | 1.4 | 5.4 | 5.3 | 4.9 | 4.8 | 5.1 | 4.8 | |||||||||||||||||
Interest component on rentals | 1.0 | 4.9 | 4.9 | 4.9 | 5.2 | 4.6 | 7.9 | |||||||||||||||||
Preference security dividend requirement of consolidated subsidiary | — | — | — | - | - | - | 14.2 | |||||||||||||||||
Total Fixed Charges (A) | $80.3 | $318.3 | $316.1 | $311.1 | $297.0 | $280.1 | $278.4 | |||||||||||||||||
Earnings as defined: | ||||||||||||||||||||||||
Pretax income from continuing operations | $281.8 | $751.8 | $693.8 | $601.6 | $555.6 | $535.4 | $524.2 | |||||||||||||||||
Total fixed charges above | 80.3 | 318.3 | 316.1 | 311.1 | 297.0 | 280.1 | 278.4 | |||||||||||||||||
Pretax equity in (earnings) losses of investees | (0.3 | ) | (2.5 | ) | (3.2 | ) | (3.3 | ) | (2.9 | ) | (1.1 | ) | (2.2 | ) | ||||||||||
Cash distributions from equity investees | 1.3 | 9.6 | 9.6 | 3.3 | 3.6 | 4.8 | 3.3 | |||||||||||||||||
Preference security dividend requirement from above | - | - | - | - | - | - | (14.2 | ) | ||||||||||||||||
Total Earnings (B) | $363.1 | $1,077.2 | $1,016.3 | $912.7 | $853.3 | $819.2 | $789.5 | |||||||||||||||||
Ratio of Earnings to Fixed Charges (B/A) | 4.52 | 3.38 | 3.22 | 2.93 | 2.87 | 2.92 | 2.84 |
SCE&G: | Three Months Ended March 31, 2014 | Twelve Months Ended March 31, 2014 | Years ended December 31, | |||||||||||||||||||||
Dollars in Millions | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Fixed Charges as defined: | ||||||||||||||||||||||||
Interest on debt | $57.9 | $228.4 | $226.4 | $217.4 | $207.8 | $192.4 | $181.4 | |||||||||||||||||
Amortization of debt premium, discount and expense (net) | 1.1 | 4.3 | 4.2 | 3.9 | 3.9 | 4.0 | 3.8 | |||||||||||||||||
Interest component on rentals | 0.9 | 5.0 | 4.5 | 3.2 | 3.6 | 3.1 | 5.5 | |||||||||||||||||
Total Fixed Charges (A) | $59.9 | $237.7 | $235.1 | $224.5 | $215.3 | $199.5 | $190.7 | |||||||||||||||||
Earnings as defined: | ||||||||||||||||||||||||
Pretax income from continuing operations | $185.0 | $628.2 | $579.7 | $509.5 | $456.5 | $433.6 | $427.8 | |||||||||||||||||
Total fixed charges above | 59.9 | 237.7 | 235.1 | 224.5 | 215.3 | 199.5 | 190.7 | |||||||||||||||||
Pretax equity in (earnings) losses of investees | 1.4 | 4.3 | 3.5 | 3.8 | 2.3 | 2.1 | 0.1 | |||||||||||||||||
Total Earnings (B) | $246.3 | $870.2 | $818.3 | $737.8 | $674.1 | $635.2 | $619.0 | |||||||||||||||||
Ratio of Earnings to Fixed Charges (B/A) | 4.11 | 3.66 | 3.48 | 3.29 | 3.13 | 3.18 | 3.25 |
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