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- 10-Q Quarterly report
- 12.1 Ratio of Earnings to Fixed Charges Teco Energy, Inc.
- 12.2 Ratio of Earnings to Fixed Charges Tampa Electric Company.
- 31.1 Certification of the Chief Executive Officer of Teco Energy, Inc.
- 31.2 Certification of the Chief Financial Officer of Teco Energy, Inc.
- 31.3 Certification of the Chief Executive Officer of Tampa Electric Company
- 31.4 Certification of the Chief Financial Officer of Tampa Electric Company
- 32.1 Certification of the Chief Executive Officer and Chief Financial Officer of Teco
- 32.2 Certification of the Chief Executive Officer and Chief Financial Officer of Tamp
- 95 Mine Safety Disclosure
- Download Excel data file
- View Excel data file
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 June 30, 2014 | 12-months ended June 30, 2014 | Year Ended Dec. 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||||
Income from continuing operations, before income taxes | $ | 207.2 | $ | 402.6 | $ | 364.4 | $ | 368.9 | $ | 380.7 | $ | 386.6 | $ | 303.7 | ||||||||||||||
Interest expense | 56.2 | 112.3 | 112.7 | 129.9 | 141.9 | 143.9 | 141.2 | |||||||||||||||||||||
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Earnings before taxes and fixed charges | $ | 263.4 | $ | 514.9 | $ | 477.1 | $ | 498.8 | $ | 522.6 | $ | 530.5 | $ | 444.9 | ||||||||||||||
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Interest expense | $ | 56.2 | $ | 112.3 | $ | 112.7 | $ | 129.9 | $ | 141.9 | $ | 143.9 | $ | 141.2 | ||||||||||||||
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Total fixed charges | $ | 56.2 | $ | 112.3 | $ | 112.7 | $ | 129.9 | $ | 141.9 | $ | 143.9 | $ | 141.2 | ||||||||||||||
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Ratio of earnings to fixed charges | 4.69x | 4.59x | 4.23x | 3.84x | 3.68x | 3.69x | 3.15x | |||||||||||||||||||||
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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.