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Exhibit 12.01
SCANA CORPORATION
CALCULATION OF RATIOS
FOR THE YEAR ENDED DECEMBER 31, 2011
(Dollars in Millions)
CALCULATION OF BOND RATIO:
Net earnings(1) |
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| $ | 907.8 |
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Divide by annualized interest charges on: |
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Bonds outstanding under SCE&G’s bond indenture dated April 1, 1993 |
| $ | 169.2 |
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Total annualized interest charges |
| 169.2 |
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Bond Ratio |
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| 5.37 |
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(1) As defined in the Mortgage.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES:
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| Years Ended December 31, |
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Dollars in Millions |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
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Fixed Charges as defined: |
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Interest on long-term debt |
| $ | 287.0 |
| $ | 270.4 |
| $ | 251.5 |
| $ | 238.2 |
| $ | 214.9 |
|
Amortization of debt premium, discount and expense (net) |
| 4.8 |
| 5.1 |
| 4.8 |
| 4.6 |
| 4.6 |
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Interest component on rentals |
| 5.2 |
| 4.6 |
| 7.9 |
| 4.5 |
| 6.3 |
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Preference security dividend requirement of consolidated subsidiary |
| — |
| — |
| 14.2 |
| 11.7 |
| 11.7 |
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Total Fixed Charges (A) |
| $ | 297.0 |
| $ | 280.1 |
| $ | 278.4 |
| $ | 259.0 |
| $ | 237.5 |
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Earnings as defined: |
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Pretax income (loss) from continuing operations |
| $ | 555.6 |
| $ | 535.4 |
| $ | 524.2 |
| $ | 542.1 |
| $ | 467.6 |
|
Total fixed charges above |
| 297.0 |
| 280.1 |
| 278.4 |
| 259.0 |
| 237.5 |
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Pretax equity in (earnings) losses of investees |
| (2.9 | ) | (1.1 | ) | (2.2 | ) | (8.0 | ) | 18.1 |
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Cash distributions from equity investees |
| 3.6 |
| 4.8 |
| 3.3 |
| 6.2 |
| 7.8 |
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Preference security dividend requirement from above |
| — |
| — |
| (14.2 | ) | (11.7 | ) | (11.7 | ) | |||||
Total Earnings (B) |
| $ | 853.3 |
| $ | 819.2 |
| $ | 789.5 |
| $ | 787.6 |
| $ | 719.3 |
|
Ratio of Earnings to Fixed Charges (B/A) |
| 2.87 |
| 2.92 |
| 2.84 |
| 3.04 |
| 3.03 |
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