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EX-21 - EX-21 - CONSUMERS ENERGY COk48861exv21.htm
EX-23.B - EX-23.B - CONSUMERS ENERGY COk48861exv23wb.htm
EX-31.A - EX-31.A - CONSUMERS ENERGY COk48861exv31wa.htm
EX-12.B - EX-12.B - CONSUMERS ENERGY COk48861exv12wb.htm
EX-24.B - EX-24.B - CONSUMERS ENERGY COk48861exv24wb.htm
EX-31.D - EX-31.D - CONSUMERS ENERGY COk48861exv31wd.htm
EX-32.B - EX-32.B - CONSUMERS ENERGY COk48861exv32wb.htm
EX-24.A - EX-24.A - CONSUMERS ENERGY COk48861exv24wa.htm
EX-32.A - EX-32.A - CONSUMERS ENERGY COk48861exv32wa.htm
EX-31.C - EX-31.C - CONSUMERS ENERGY COk48861exv31wc.htm
EX-31.B - EX-31.B - CONSUMERS ENERGY COk48861exv31wb.htm
EX-10.S.S - EX-10.S.S - CONSUMERS ENERGY COk48861exv10wsws.htm
EX-10.R.R - EX-10.R.R - CONSUMERS ENERGY COk48861exv10wrwr.htm
EX-10.P.P - EX-10.P.P - CONSUMERS ENERGY COk48861exv10wpwp.htm
EX-23.A - EX-23.A - CONSUMERS ENERGY COk48861exv23wa.htm
10-K - FORM 10-K - CONSUMERS ENERGY COk48861e10vk.htm
CMS ENERGY CORPORATION
 
Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
 
                                                                 
          Year Ended December 31                          
    2009     2008     2007     2006     2005                    
                (b)     (c)     (d)                    
 
Earnings as defined(a)
                                                               
Pretax income from continuing operations
  $ 335     $ 440     $ (317 )   $ (434 )   $ (773 )                        
Exclude equity basis subsidiaries
    2       (1 )     (22 )     (14 )     (17 )                        
Fixed charges as defined(e)
    456       429       489       535       539                          
                                                                 
Earnings as defined(e)
  $ 793     $ 868     $ 150     $ 87     $ (251 )                        
                                                                 
Fixed charges as defined(a)
                                                               
Interest on long-term debt
  $ 383     $ 371     $ 415     $ 492     $ 514                          
Estimated interest portion of lease rental
    17       25       23       8       6                          
Other interest charges
    58       35       53       37       21                          
                                                                 
Fixed charges as defined(e)
  $ 458     $ 431     $ 491     $ 537     $ 541                          
Preferred dividends
    17       17       12       11       10                          
                                                                 
Combined fixed charges and preferred dividends
  $ 475     $ 448     $ 503     $ 548     $ 551                          
                                                                 
Ratio of earnings to fixed charges
    1.73       2.01                                            
                                                                 
Ratio of earnings to combined fixed
                                                               
charges and preferred dividends
    1.67       1.94                                            
                                                                 
 
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 $341 million and combined fixed charges and preferred dividends exceeded earnings by $353 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 $450 million and combined fixed charges and preferred dividends exceeded earnings by $461 million. Earnings as defined include $459 million of asset impairment charges.
 
(d) For the year ended December 31, 2005, fixed charges exceeded earnings by $792 million and combined fixed charges and preferred dividends exceeded earnings by $802 million. Earnings as defined include $1.184 billion of asset impairment charges.
 
(e) Preferred dividends of a consolidated subsidiary are included in fixed charges, but excluded from earnings as defined because the amount was not deducted in arriving at pretax income from continuing operations.