Tampa Electric 10-Q2009 Q2 Quarterly report

Filed: 31 Jul 09, 12:00am

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Exhibit 12.2

TAMPA ELECTRIC COMPANY

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth Tampa Electric Company’s ratio of earnings to fixed charges for the periods indicated.


(millions)	6-months ended Jun. 30, 2009			12-months ended Jun. 30, 2009			Year Ended Dec. 31,
(millions)	6-months ended Jun. 30, 2009			12-months ended Jun. 30, 2009			2008			2007			2006			2005			2004
Income from continuing operations, before income tax	$	129.9		$	278.6		$	261.9		$	278.4		$	264.7		$	285.7		$	274.9
Interest expense		68.9			137.4			135.8			131.4			124.9			114.3			112.4

Earnings before taxes and fixed charges	$	198.8		$	416.0		$	397.7		$	409.8		$	389.6		$	400.0		$	387.3


Interest expense	$	68.9		$	137.4		$	135.8		$	131.4		$	124.9		$	114.3		$	112.4

Total fixed charges	$	68.9		$	137.4		$	135.8		$	131.4		$	124.9		$	114.3		$	112.4


Ratio of earnings to fixed charges		2.89	x		3.03	x		2.93	x		3.12	x		3.12	x		3.50	x		3.45	x

For the purposes of calculating these ratios, earnings consist of income from continuing operations before income taxes and fixed charges. Fixed charges consist of interest expense on indebtedness, amortization of debt premium and an estimate of the interest component of rentals. Interest expense includes total interest expense, excluding AFUDC, and an estimate of the interest component of rentals.

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