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SCANA CORPORATION
CALCULATION OF RATIOS
FOR THE YEAR ENDED DECEMBER 31, 2010
(Dollars in Millions)
Net earnings(1) | $ | 858.1 | |||||
Divide by annualized interest charges on: | |||||||
Bonds outstanding under SCE&G's bond indenture dated April 1, 1993 | $ | 160.2 | |||||
Total annualized interest charges | 160.2 | ||||||
Bond Ratio | 5.36 |
- (1)
- As defined in the Mortgage.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES:
| Years Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dollars in Millions | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||
Fixed Charges as defined: | ||||||||||||||||
Interest on long-term debt | $ | 270.4 | $ | 251.5 | $ | 238.2 | $ | 214.9 | $ | 213.1 | ||||||
Amortization of debt premium, discount and expense (net) | 5.1 | 4.8 | 4.6 | 4.6 | 4.8 | |||||||||||
Interest component on rentals | 4.6 | 7.9 | 4.5 | 6.3 | 5.0 | |||||||||||
Preference security dividend requirement of consolidated subsidiary | — | 14.2 | 11.7 | 11.7 | 11.8 | |||||||||||
Total Fixed Charges (A) | $ | 280.1 | $ | 278.4 | $ | 259.0 | $ | 237.5 | $ | 234.7 | ||||||
Earnings as defined: | ||||||||||||||||
Pretax income (loss) from continuing operations | $ | 535.4 | $ | 524.2 | $ | 542.1 | $ | 467.6 | $ | 440.2 | ||||||
Total fixed charges above | 280.1 | 278.4 | 259.0 | 237.5 | 234.7 | |||||||||||
Pretax equity in (earnings) losses of investees | (1.1 | ) | (2.2 | ) | (8.0 | ) | 18.1 | 20.1 | ||||||||
Cash distributions from equity investees | 4.8 | 3.3 | 6.2 | 7.8 | 6.7 | |||||||||||
Preference security dividend requirement from above | — | (14.2 | ) | (11.7 | ) | (11.7 | ) | (11.8 | ) | |||||||
Total Earnings (B) | $ | 819.2 | $ | 789.5 | $ | 787.6 | $ | 719.3 | $ | 689.9 | ||||||
Ratio of Earnings to Fixed Charges (B/A) | 2.92 | 2.84 | 3.04 | 3.03 | 2.94 |
SCANA CORPORATION CALCULATION OF RATIOS FOR THE YEAR ENDED DECEMBER 31, 2010 (Dollars in Millions)