ALLETE INC - FORM 10-K - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - February 12, 2010

Attached files

file filename
EX-99 - FURNISHED ALLETE, INC. 2009 NEWS RELEASE - ALLETE INCexhibit_99.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - ALLETE INCexhibit_21.htm
EX-32 - CEO AND CFO 906 CERTIFICATION - ALLETE INCexhibit_32.htm
EX-31.B - CFO 302 CERTIFICATION - ALLETE INCexhibit_31b.htm
EX-23.A - CONSENT OF PWC - ALLETE INCexhibit_23a.htm
EX-31.A - CEO 302 CERTIFICATION - ALLETE INCexhibit_31a.htm
EX-10.D1 - ALLETE AMENDED AND RESTATED COMMITTED FACILITY LETTER - ALLETE INCexhibit_10d1.htm
EX-10.H1 - ALLETE EXECUTIVE ANNUAL INCENTIVE PLAN AS AMENDED AND RESTATED - ALLETE INCexhibit_10h1.htm
EX-10.M9 - ANNEX TO ALLETE EXECUTIVE LONG-TERM INCENTIVE COMPENSATION PLAN RESTRICTED STOCK UNIT GRANT - ALLETE INCexhibit_10m9.htm
EX-10.M8 - ANNEX TO ALLETE EXECUTIVE LONG-TERM INCENTIVE COMPENSATION PLAN - ALLETE INCexhibit_10m8.htm
EX-10.H3 - ALLETE EXECUTIVE ANNUAL INCENTIVE PLAN - ALLETE INCexhibit_10h3.htm
10-K - ALLETE, INC. 2009 10-K - ALLETE INCallete2009_10k.htm
EX-10.G - ALLETE AND WPSC ATC FUNDING AGREEMENT - ALLETE INCexhibit_10g.htm
Exhibit 12

ALLETE
Computation of Ratios of Earnings to Fixed Charges (Unaudited)

Year Ended December 31
2009
2008
2007
2006
2005
Millions
          
           
Earnings as defined:
          
Pretax Income Before Non-Controlling Interest
$91.5
$126.4
$137.2
$128.2
$19.8
Add: Fixed Charges
38.3
30.3
26.6
27.7
27.3
Less:  Non-Controlling Interest (a)
–
–
–
–
–
Undistributed Income from Less than 50 percent
          
Owned Equity Investment
3.7
3.8
3.3
2.3
–
Earnings as defined:
126.1
152.9
160.5
153.6
47.1
Fixed Charges:
          
Interest on Long-Term Debt
34.2
27.4
23.2
22.8
23.4
Other Interest Charges
1.6
0.4
1.5
2.9
1.1
Interest Component of All Rentals (b)
2.5
2.5
1.9
2.0
2.8
Total Fixed Charges
38.3
30.3
26.6
27.7
27.3
Ratio of Earnings to Fixed Charges
3.29
5.05
6.03
5.55
1.73

(a) Pre-tax income of subsidiaries that have not incurred fixed charges.
(b) Represents interest portion of rents estimated at 33 1/3 percent.

 
 
 

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