Exhibit 12.01
SOUTH CAROLINA ELECTRIC & GAS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO
FIXED CHARGES For the Twelve Months Ended March 31, 2001
and Each of the Five Years Ended December 31
(Millions of Dollars)
12 Months
Ended
March 31, Year Ended December 31,
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2001 2000 1999 1998 1997 1996
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Fixed Charges as defined:
Interest on long-term debt $101.7 $98.3 $94.4 $92.7 $94.0 $94.8
Amortization of debt premium,
discount and expense (net) 2.7 2.6 2.5 2.3 2.3 2.3
Other interest expense 7.4 8.1 8.6 6.2 4.9 7.4
Trust preferred 3.8 3.8 3.8 3.8 0.7 -
Interest component on rentals 1.4 1.2 0.8 0.8 1.8 2.3
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Total Fixed Charges (A) $117.0 $114.0 $110.1 $105.8 $103.7 $106.8
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Earnings, as defined:
Income $230.6 $231.3 $189.2 $227.2 $194.7 $190.5
Income taxes 133.4 133.1 109.7 132.2 100.6 108.1
Total fixed charges above 117.0 114.0 110.1 105.8 103.7 106.8
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Total Earnings (B) 481.0 $478.4 $409.0 $465.2 $399.0 $405.4
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Ratio of Earnings to Fixed
Charges (B/A) 4.11 4.20 3.71 4.40 3.85 3.80
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