Exhibit 12.01
COMPUTATION OF RATIOS
June 30, 2015
RATIO OF EARNINGS TO FIXED CHARGES
SCANA: | Six Months Ended June 30, 2015 | Twelve Months Ended June 30, 2015 | Years ended December 31, | |||||||||||||||||||||
Dollars in Millions | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Fixed Charges as defined: | ||||||||||||||||||||||||
Interest on debt | $159.7 | $321.1 | $318.2 | $305.9 | $301.3 | $287.0 | $270.4 | |||||||||||||||||
Amortization of debt premium, discount and expense (net) | 2.5 | 9.4 | 9.7 | 5.3 | 4.9 | 4.8 | 5.1 | |||||||||||||||||
Interest component on rentals | 1.6 | 3.7 | 4.1 | 4.9 | 4.9 | 5.2 | 4.6 | |||||||||||||||||
Total Fixed Charges (A) | $163.8 | $334.2 | $332.0 | $316.1 | $311.1 | $297.0 | $280.1 | |||||||||||||||||
Earnings as defined: | ||||||||||||||||||||||||
Pretax income from continuing operations | $776.4 | $1,137.9 | $786.0 | $693.8 | $601.6 | $555.6 | $535.4 | |||||||||||||||||
Total fixed charges above | 163.8 | 334.2 | 332.0 | 316.1 | 311.1 | 297.0 | 280.1 | |||||||||||||||||
Pretax equity in (earnings) losses of investees | 0.2 | (0.6 | ) | (1.4 | ) | (3.2 | ) | (3.3 | ) | (2.9 | ) | (1.1 | ) | |||||||||||
Cash distributions from equity investees | 2.0 | 5.8 | 7.4 | 9.6 | 3.3 | 3.6 | 4.8 | |||||||||||||||||
Total Earnings (B) | $942.4 | $1,477.3 | $1,124.0 | $1016.3 | $912.7 | $853.3 | $819.2 | |||||||||||||||||
Ratio of Earnings to Fixed Charges (B/A) | 5.75 | 4.42 | 3.39 | 3.22 | 2.93 | 2.87 | 2.92 |
SCE&G: | Six Months Ended June 30, 2015 | Twelve Months Ended June 30, 2015 | Years ended December 31, | |||||||||||||||||||||
Dollars in Millions | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Fixed Charges as defined: | ||||||||||||||||||||||||
Interest on debt | $124.6 | $245.9 | $237.6 | $226.4 | $217.4 | $207.8 | $192.4 | |||||||||||||||||
Amortization of debt premium, discount and expense (net) | 2.0 | 4.2 | 4.4 | 4.2 | 3.9 | 3.9 | 4.0 | |||||||||||||||||
Interest component on rentals | 2.1 | 4.1 | 4.0 | 4.5 | 3.2 | 3.6 | 3.1 | |||||||||||||||||
Total Fixed Charges (A) | $128.7 | $254.2 | $246.0 | $235.1 | $224.5 | $215.3 | $199.5 | |||||||||||||||||
Earnings as defined: | ||||||||||||||||||||||||
Pretax income from continuing operations | $350.0 | $692.2 | $676.0 | $579.7 | $509.5 | $456.5 | $433.6 | |||||||||||||||||
Total fixed charges above | 128.7 | 254.2 | 246.0 | 235.1 | 224.5 | 215.3 | 199.5 | |||||||||||||||||
Pretax equity in (earnings) losses of investees | 2.6 | 5.2 | 5.3 | 3.5 | 3.8 | 2.3 | 2.1 | |||||||||||||||||
Total Earnings (B) | $481.3 | $951.6 | $927.3 | $818.3 | $737.8 | $674.1 | $635.2 | |||||||||||||||||
Ratio of Earnings to Fixed Charges (B/A) | 3.74 | 3.74 | 3.77 | 3.48 | 3.29 | 3.13 | 3.18 |