CONSUMERS ENERGY CO - FORM 8-K - EX-12.(A)1 - December 9, 2009

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8-K - FORM 8-K - CONSUMERS ENERGY COk48628e8vk.htm
EX-99.1 - EX-99.1 - CONSUMERS ENERGY COk48628exv99w1.htm
EX-99.2 - EX-99.2 - CONSUMERS ENERGY COk48628exv99w2.htm
EX-99.3 - EX-99.3 - CONSUMERS ENERGY COk48628exv99w3.htm
EX-12.(B)2 - EX-12.(B)2 - CONSUMERS ENERGY COk48628exv12wxby2.htm
EX-12.(B)1 - EX-12.(B)1 - CONSUMERS ENERGY COk48628exv12wxby1.htm
EX-12.(B)3 - EX-12.(B)3 - CONSUMERS ENERGY COk48628exv12wxby3.htm
EX-12.(A)3 - EX-12.(A)3 - CONSUMERS ENERGY COk48628exv12wxay3.htm
EX-12.(A)2 - EX-12.(A)2 - CONSUMERS ENERGY COk48628exv12wxay2.htm
Exhibit 12(a).1
CMS ENERGY CORPORATION
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(As Revised, See Note 1)
                                                 
    In Millions, Except Ratios
    Nine Months Ended   Year Ended December 31
    September 30, 2009   2008   2007   2006   2005   2004
                    (b)   (c)   (d)   (e)
Earnings as defined (a)
                                                
Pretax income from continuing operations
   $ 326     $ 441     $ (317 )   $ (434 )   $ (772 )   $ 98  
Exclude equity basis subsidiaries
     2       (1 )     (22 )     (14 )     (17 )     (88 )
Fixed charges as defined
     323       429       489       535       539       637  
     
Earnings as defined
   $ 651     $ 869     $ 150     $ 87     $ (250 )   $ 647  
 
                                                
Fixed charges as defined (a)
                                                
Interest on long-term debt
   $ 280     $ 371     $ 415     $ 492     $ 514     $ 560  
Other interest charges
     30       33       51       35       19       73  
Estimated interest portion of lease rental
     13       25       23       8       6       4  
     
Fixed charges as defined
   $ 323     $ 429     $ 489     $ 535     $ 539     $ 637  
Preferred dividends
     12       17       12       11       10       11  
     
Combined fixed charges and preferred dividends
   $ 335     $ 446     $ 501     $ 546     $ 549     $ 648  
     
Ratio of earnings to fixed charges
     2.02       2.03       —       —       —       1.02  
     
Ratio of earnings to combined fixed charges and preferred dividends
     1.94       1.95       —       —       —       —  
     
 
NOTES:
(a)   Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.
 
(b)   For the year ended December 31, 2007, fixed charges exceeded earnings by $339 million and combined fixed charges and preferred dividends exceeded earnings by $351 million. Earnings as defined include $204 million in asset impairment charges and a $279 million charge for an electric sales contract termination.
 
(c)   For the year ended December 31, 2006, fixed charges exceeded earnings by $448 million and combined fixed charges and preferred dividends exceeded earnings by $459 million. Earnings as defined include $459 million of asset impairment charges.
 
(d)   For the year ended December 31, 2005, fixed charges exceeded earnings by $789 million and combined fixed charges and preferred dividends exceeded earnings by $799 million. Earnings as defined include $1.184 billion of asset impairment charges.
 
(e)   For 2004, fixed charges and combined fixed charges and preferred dividends, adjusted as defined, include $25 million of interest cost that was capitalized prior to 2004 and subsequently expensed in 2004. Combined fixed charges and preferred dividends exceeded earnings by $1 million. Earnings as defined include $160 million of asset impairments.