TAMPA ELECTRIC CO - FORM 10-K - EX-12.2 - TAMPA ELECTRIC RATIO OF EARNINGS TO FIXED CHARGES - February 26, 2010

Attached files

file filename
10-K - FORM 10 K - TAMPA ELECTRIC COd10k.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - TAMPA ELECTRIC COdex21.htm
EX-23.1 - CONSENT - TECO ENERGY - TAMPA ELECTRIC COdex231.htm
EX-31.4 - CERTIFICATION CFO TAMPA ELECTRIC COMPANY - TAMPA ELECTRIC COdex314.htm
EX-32.2 - TAMPA ELECTRIC CO. CERTIFICATION OF PERIODIC FINANCIAL REPORT - TAMPA ELECTRIC COdex322.htm
EX-31.2 - CERTIFICATION CFO TECO ENERGY - TAMPA ELECTRIC COdex312.htm
EX-32.1 - TECO ENERGY CERTIFICATION OF PERIODIC FINANCIAL REPORT - TAMPA ELECTRIC COdex321.htm
EX-12.1 - TECO ENERGY, INC. RATIO OF EARNINGS TO FIXED CHARGES - TAMPA ELECTRIC COdex121.htm
EX-31.3 - CERTIFICATION CEO TAMPA ELECTRIC COMPANY - TAMPA ELECTRIC COdex313.htm
EX-23.3 - CONSENT OF INDEPENDENT EXPERTS - TAMPA ELECTRIC COdex233.htm
EX-31.1 - CERTIFICATION CEO TECO ENERGY - TAMPA ELECTRIC COdex311.htm
EX-10.22 - COMPENSATORY ARRANGEMENTS WITH NON - MANAGEMENT DIRECTORS - TAMPA ELECTRIC COdex1022.htm
EX-10.21 - COMPENSATORY ARRANGEMENTS WITH EXECUTIVE OFFICERS - TAMPA ELECTRIC COdex1021.htm
EX-10.28.3 - AMENDMENT NO. 8 TO LOAN AND SERVICING AGREEMENT - TAMPA ELECTRIC COdex10283.htm
EX-10.28.1 - OMNIBUS AMENDMENT NO. 3 - TAMPA ELECTRIC COdex10281.htm
EX-23.2 - CONSENT - TAMPA ELECTRIC - TAMPA ELECTRIC COdex232.htm

Exhibit 12.2

TAMPA ELECTRIC COMPANY

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth Tampa Electric Company’s ratio of earnings to fixed charges for the periods indicated.

 

     Year Ended Dec. 31,  

(millions)

    2009     2008     2007     2006     2005  

Income from continuing operations, before income tax

    $ 303.7      $ 261.9      $ 278.4      $ 264.7      $ 285.7   

Interest expense

      141.2        135.8        131.4        124.9        114.3   
                                        

Earnings before taxes and fixed charges

    $ 444.9      $ 397.7      $ 409.8      $ 389.6      $ 400.0   
                                        

Interest expense

    $ 141.2      $ 135.8      $ 131.4      $ 124.9      $ 114.3   
                                        

Total fixed charges

    $ 141.2      $ 135.8      $ 131.4      $ 124.9      $ 114.3   
                                        

Ratio of earnings to fixed charges

      3.15 x      2.93 x      3.12 x      3.12 x      3.50 x 
                                        

For the purposes of calculating these ratios, earnings consist of income from continuing operations before income taxes and fixed charges. Fixed charges consist of interest expense on indebtedness, amortization of debt premium and an estimate of the interest component of rentals. Interest expense includes total interest expense, excluding AFUDC, and an estimate of the interest component of rentals.

TAMPA ELECTRIC CO Reports