CONSUMERS ENERGY CO - FORM 10-Q - EX-12.B - April 23, 2010

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10-Q - FORM 10-Q - CONSUMERS ENERGY COk49097e10vq.htm
EX-31.B - EX-31.B - CONSUMERS ENERGY COk49097exv31wb.htm
EX-10.C - EX-10.C - CONSUMERS ENERGY COk49097exv10wc.htm
EX-10.F - EX-10.F - CONSUMERS ENERGY COk49097exv10wf.htm
EX-10.D - EX-10.D - CONSUMERS ENERGY COk49097exv10wd.htm
EX-31.A - EX-31.A - CONSUMERS ENERGY COk49097exv31wa.htm
EX-10.G - EX-10.G - CONSUMERS ENERGY COk49097exv10wg.htm
EX-32.A - EX-32.A - CONSUMERS ENERGY COk49097exv32wa.htm
EX-10.E - EX-10.E - CONSUMERS ENERGY COk49097exv10we.htm
EX-10.H - EX-10.H - CONSUMERS ENERGY COk49097exv10wh.htm
EX-32.B - EX-32.B - CONSUMERS ENERGY COk49097exv32wb.htm
EX-12.A - EX-12.A - CONSUMERS ENERGY COk49097exv12wa.htm
EX-10.A - EX-10.A - CONSUMERS ENERGY COk49097exv10wa.htm
EX-31.D - EX-31.D - CONSUMERS ENERGY COk49097exv31wd.htm
EX-10.B - EX-10.B - CONSUMERS ENERGY COk49097exv10wb.htm
EX-31.C - EX-31.C - CONSUMERS ENERGY COk49097exv31wc.htm
Exhibit (12)(b)
CONSUMERS ENERGY COMPANY
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
                                                 
    Three Months Ended     Year Ended December 31  
    March 31, 2010     2009     2008     2007     2006     2005  
                                            (b)  
Earnings as defined (a)
                                                
Pretax income from continuing operations
   $ 169     $ 456     $ 562     $ 437     $ 167     $ (590 )
Exclude equity basis subsidiaries
     —       —       —       —       (1 )     (1 )
Fixed charges as defined
     74       313       276       293       307       316  
 
                                    
Earnings as defined
   $ 243     $ 769     $ 838     $ 730     $ 473     $ (275 )
 
                                    
 
                                                
Fixed charges as defined (a)
                                                
Interest on long-term debt
   $ 63     $ 250     $ 229     $ 236     $ 286     $ 305  
Estimated interest portion of lease rental
     5       17       25       23       8       6  
Other interest charges
     6       46       22       34       13       5  
 
                                    
Fixed charges as defined
   $ 74     $ 313     $ 276     $ 293     $ 307     $ 316  
Preferred dividends
     —       3       3       3       3       3  
 
                                    
Combined fixed charges and preferred dividends
   $ 74     $ 316     $ 279     $ 296     $ 310     $ 319  
 
                                    
 
                                                
Ratio of earnings to fixed charges
     3.28       2.46       3.04       2.49       1.54       —  
 
                                    
 
                                                
Ratio of earnings to combined fixed charges and preferred dividends
     3.28       2.43       3.00       2.47       1.53       —  
 
                                    
 
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 $1.2 billion of asset impairment charges.

 

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