Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - WEC ENERGY GROUP, INC. | Financial_Report.xls |
| EX-32.1 - WEC EXHIBIT 32.1 - WEC ENERGY GROUP, INC. | wec03312015ex321.htm |
| EX-32.2 - WEC EXHIBIT 32.2 - WEC ENERGY GROUP, INC. | wec03312015ex322.htm |
| 10-Q - WEC MARCH 31, 2015 FORM 10-Q - WEC ENERGY GROUP, INC. | wec0331201510q.htm |
| EX-31.2 - WEC EXHIBIT 31.2 - WEC ENERGY GROUP, INC. | wec03312015ex312.htm |
| EX-31.1 - WEC EXHIBIT 31.1 - WEC ENERGY GROUP, INC. | wec03312015ex311.htm |
EXHIBIT 12.1
WISCONSIN ENERGY CORPORATION
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Three | |||||||||||||||||||||||
Months | |||||||||||||||||||||||
Ended | Twelve Months Ended | ||||||||||||||||||||||
3/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | 12/31/2011 | 12/31/2010 | ||||||||||||||||||
(Millions of Dollars) | |||||||||||||||||||||||
Pre-tax Income | $ | 312.4 | $ | 941.4 | $ | 901.2 | $ | 839.3 | $ | 763.5 | $ | 693.4 | |||||||||||
Add: | |||||||||||||||||||||||
Nonutility Amortization of Capitalized Interest | 1.8 | 7.3 | 7.3 | 7.3 | 7.3 | 4.8 | |||||||||||||||||
Subtract: | |||||||||||||||||||||||
Capitalized Interest | (0.8 | ) | (3.0 | ) | (9.4 | ) | (15.9 | ) | (26.7 | ) | (52.3 | ) | |||||||||||
Earnings Before Adding Fixed Charges (a) | 313.4 | 945.7 | 899.1 | 830.7 | 744.1 | 645.9 | |||||||||||||||||
Fixed Charges | |||||||||||||||||||||||
Interest Expense | 60.2 | 243.3 | 260.3 | 262.9 | 261.3 | 257.5 | |||||||||||||||||
Estimated Interest Component of Rentals | 4.2 | 15.9 | 15.7 | 18.4 | 20.1 | 19.2 | |||||||||||||||||
Preferred Stock Dividend Requirements of | |||||||||||||||||||||||
Wisconsin Electric Power Company | 0.4 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | |||||||||||||||||
Total Fixed Charges as Defined (b) | 64.8 | 260.8 | 277.6 | 282.9 | 283.0 | 278.3 | |||||||||||||||||
Total Earnings as Defined | $ | 378.2 | $ | 1,206.5 | $ | 1,176.7 | $ | 1,113.6 | $ | 1,027.1 | $ | 924.2 | |||||||||||
Ratio of Earnings to Fixed Charges | 5.8x | 4.6x | 4.2x | 3.9x | 3.6x | 3.3x | |||||||||||||||||
(a) Earnings before adding fixed charges is determined by starting with pre-tax income from continuing operations (less undistributed equity in | |||||||||||||||||||||||
earnings of unconsolidated affiliates) and nonutility amortization of capitalized interest, and subtracting from the total, capitalized interest. | |||||||||||||||||||||||
(b) Fixed Charges consists of interest charges on our long-term debt and short-term borrowings (including a representative portion of lease | |||||||||||||||||||||||
expense), capitalized interest, amortization of debt expenses and an amount equal to the earnings before income taxes required to pay preferred | |||||||||||||||||||||||
dividends of a wholly owned subsidiary. | |||||||||||||||||||||||