CONSUMERS ENERGY CO - FORM 8-K - EX-12.(B)2 - December 9, 2009

Attached files

file filename
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)1 - EX-12.(B)1 - CONSUMERS ENERGY COk48628exv12wxby1.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).2
CONSUMERS ENERGY COMPANY
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
(As Revised, See Note 1)
                                                 
    Six                      
    Months                      
    Ended                      
    June 30             Year Ended December 31        
    2009     2008     2007     2006     2005     2004  
                                    (b)          
Earnings as defined (a)
                                                
Pretax income from continuing operations
   $ 272     $ 562     $ 437     $ 167     $ (590 )   $ 439  
Exclude equity basis subsidiaries (c)
     —       —       —       (1 )     (1 )     (1 )
Fixed charges as defined
     148       276       293       307       316       345  
 
                                    
Earnings as defined
   $ 420     $ 838     $ 730     $ 473     $ (275 )   $ 783  
 
                                    
Fixed charges as defined (a)
                                                
Interest on long-term debt
   $ 124     $ 229     $ 236     $ 286     $ 305     $ 328  
Other interest charges
     10       22       34       13       5       13  
Estimated interest portion of lease rental
     14       25       23       8       6       4  
 
                                    
Fixed charges as defined
   $ 148       276       293       307       316       345  
Preferred dividends
     2       3       3       3       3       3  
 
                                    
Combined fixed charges and preferred dividends
   $ 150     $ 279     $ 296     $ 310     $ 319     $ 348  
 
                                    
Ratio of earnings to fixed charges
     2.84       3.04       2.49       1.54       —       2.27  
 
                                    
Ratio of earnings to combined fixed charges and preferred dividends
     2.80       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.
 
(c)   In 2004, Consumers consolidated the MCV Partnership and the FMLP in accordance with FIN 46(R).