Attached files
| file | filename |
|---|---|
| EX-21 - EX-21 - CONSUMERS ENERGY CO | k48861exv21.htm |
| EX-23.B - EX-23.B - CONSUMERS ENERGY CO | k48861exv23wb.htm |
| EX-31.A - EX-31.A - CONSUMERS ENERGY CO | k48861exv31wa.htm |
| EX-12.B - EX-12.B - CONSUMERS ENERGY CO | k48861exv12wb.htm |
| EX-24.B - EX-24.B - CONSUMERS ENERGY CO | k48861exv24wb.htm |
| EX-31.D - EX-31.D - CONSUMERS ENERGY CO | k48861exv31wd.htm |
| EX-32.B - EX-32.B - CONSUMERS ENERGY CO | k48861exv32wb.htm |
| EX-24.A - EX-24.A - CONSUMERS ENERGY CO | k48861exv24wa.htm |
| EX-32.A - EX-32.A - CONSUMERS ENERGY CO | k48861exv32wa.htm |
| EX-31.C - EX-31.C - CONSUMERS ENERGY CO | k48861exv31wc.htm |
| EX-31.B - EX-31.B - CONSUMERS ENERGY CO | k48861exv31wb.htm |
| EX-10.S.S - EX-10.S.S - CONSUMERS ENERGY CO | k48861exv10wsws.htm |
| EX-10.R.R - EX-10.R.R - CONSUMERS ENERGY CO | k48861exv10wrwr.htm |
| EX-10.P.P - EX-10.P.P - CONSUMERS ENERGY CO | k48861exv10wpwp.htm |
| EX-23.A - EX-23.A - CONSUMERS ENERGY CO | k48861exv23wa.htm |
| 10-K - FORM 10-K - CONSUMERS ENERGY CO | k48861e10vk.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.