CONSUMERS ENERGY CO - FORM 8-K - EX-12.(B)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.(A)1 - EX-12.(A)1 - CONSUMERS ENERGY COk48628exv12wxay1.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(b).1
CONSUMERS ENERGY COMPANY
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)          
Earnings as defined (a)
                                                
Pretax income from continuing operations
   $ 437     $ 562     $ 437     $ 167     $ (590 )   $ 439  
Exclude equity basis subsidiaries
     —       —       —       (1 )     (1 )     (1 )
Fixed charges as defined
     215       276       293       307       316       345  
     
Earnings as defined
   $ 652     $ 838     $ 730     $ 473     $ (275 )   $ 783  
 
                                                
Fixed charges as defined (a)
                                                
Interest on long-term debt
   $ 187     $ 229     $ 236     $ 286     $ 305     $ 328  
Other interest charges
     15       22       34       13       5       13  
Estimated interest portion of lease rental
     13       25       23       8       6       4  
     
Fixed charges as defined
   $ 215       276       293       307       316       345  
Preferred dividends
     3       3       3       3       3       3  
     
Combined fixed charges and preferred dividends
   $ 218     $ 279     $ 296     $ 310     $ 319     $ 348  
     
Ratio of earnings to fixed charges
     3.03       3.04       2.49       1.54       —       2.27  
     
Ratio of earnings to combined fixed charges and preferred dividends
     2.99       3.00       2.47       1.53       —       2.25  
     
 
NOTES:
(a)   Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.
 
(b)   For the year ended December 31, 2005, fixed charges exceeded earnings by $591 million and combined fixed charges and preferred dividends exceeded earnings by $594 million. Earnings as defined include $1.184 billion of asset impairment charges.

 

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