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Exhibit 12.01
COMPUTATION OF RATIOS
December 31, 2015
BOND RATIO
SCANA and SCE&G:
Dollars in Millions | ||||||
Year Ended December 31, 2015 | ||||||
Net earnings as defined in SCE&G's bond indenture dated April 1, 1993 (Mortgage) | $ | 1,214.1 | ||||
Divide by annualized interest charges on: | ||||||
Bonds outstanding under the Mortgage | $ | 235.0 | ||||
Total annualized interest charges | 235.0 | |||||
Bond Ratio | 5.17 |
RATIO OF EARNINGS TO FIXED CHARGES
Dollars in Millions | SCANA | SCE&G | ||||||||||||||||||||||||||||||
Years Ended December 31, | 2015 | 2014 | 2013 | 2012 | 2011 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Fixed Charges as defined: | ||||||||||||||||||||||||||||||||
Interest on debt | $327.8 | $318.2 | $305.9 | $301.3 | $287.0 | $258.4 | $237.6 | $226.4 | $217.4 | $207.8 | ||||||||||||||||||||||
Amortization of debt premium, discount and expense (net) | 4.7 | 9.7 | 5.3 | 4.9 | 4.8 | 3.7 | 4.4 | 4.2 | 3.9 | 3.9 | ||||||||||||||||||||||
Interest component on rentals | 3.7 | 4.1 | 4.9 | 4.9 | 5.2 | 4.1 | 4.0 | 4.5 | 3.2 | 3.6 | ||||||||||||||||||||||
Total Fixed Charges (A) | $336.2 | $332.0 | $316.1 | $311.1 | $297.0 | $266.2 | $246.0 | $235.1 | $224.5 | $215.3 | ||||||||||||||||||||||
Earnings as defined: | ||||||||||||||||||||||||||||||||
Pretax income from continuing operations | $1,138.4 | $786.0 | $693.8 | $601.6 | $555.6 | $711.0 | $676.0 | $579.7 | $509.5 | $456.5 | ||||||||||||||||||||||
Total fixed charges above | 336.2 | 332.0 | 316.1 | 311.1 | 297.0 | 266.2 | 246.0 | 235.1 | 224.5 | 215.3 | ||||||||||||||||||||||
Pretax equity in (earnings) losses of investees | 0.8 | (1.4 | ) | (3.2 | ) | (3.3 | ) | (2.9 | ) | 5.0 | 5.3 | 3.5 | 3.8 | 2.3 | ||||||||||||||||||
Cash distributions from equity investees | 4.0 | 7.4 | 9.6 | 3.3 | 3.6 | - | - | - | - | - | ||||||||||||||||||||||
Total Earnings (B) | $1,479.4 | $1,124.0 | $1,016.3 | $912.7 | $853.3 | $982.2 | $927.3 | $818.3 | $737.8 | $674.1 | ||||||||||||||||||||||
Ratio of Earnings to Fixed Charges (B/A) | 4.40 | 3.39 | 3.22 | 2.93 | 2.87 | 3.69 | 3.77 | 3.48 | 3.29 | 3.13 |
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