ALLIANT ENERGY CORP - FORM 10-Q - EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES FOR IPL - May 4, 2017

Attached files

file filename
EX-31.5 - CERTIFICATION OF THE CHAIRMAN AND CEO FOR WPL - ALLIANT ENERGY CORPlnt331201710-qex315.htm
EX-32.3 - WRITTEN STATEMENT OF CEO AND CFO PURSUANT TO 18 U.S.C.1350 FOR WPL - ALLIANT ENERGY CORPlnt331201710-qex323.htm
EX-32.2 - WRITTEN STATEMENT OF CEO AND CFO PURSUANT TO 18 U.S.C.1350 FOR IPL - ALLIANT ENERGY CORPlnt331201710-qex322.htm
EX-32.1 - WRITTEN STATEMENT OF CEO AND CFO PURSUANT TO 18 U.S.C.1350 FOR ALLIANT ENERGY - ALLIANT ENERGY CORPlnt331201710-qex321.htm
EX-31.6 - CERTIFICATION OF THE VICE PRESIDENT, CFO AND TREASURER FOR WPL - ALLIANT ENERGY CORPlnt331201710-qex316.htm
EX-31.4 - CERTIFICATION OF THE VICE PRESIDENT, CFO AND TREASURER FOR IPL - ALLIANT ENERGY CORPlnt331201710-qex314.htm
EX-31.3 - CERTIFICATION OF THE CHAIRMAN AND CEO FOR IPL - ALLIANT ENERGY CORPlnt331201710-qex313.htm
EX-31.2 - CERTIFICATION OF THE VICE PRESIDENT, CFO AND TREASURER FOR ALLIANT ENERGY - ALLIANT ENERGY CORPlnt331201710-qex312.htm
EX-31.1 - CERTIFICATION OF THE CHAIRMAN, PRESIDENT AND CEO FOR ALLIANT ENERGY - ALLIANT ENERGY CORPlnt331201710-qex311.htm
EX-12.3 - RATIO OF EARNINGS TO FIXED CHARGES FOR WPL - ALLIANT ENERGY CORPlnt331201710-qex123.htm
EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES FOR ALLIANT ENERGY - ALLIANT ENERGY CORPlnt331201710-qex121.htm
10-Q - 10-Q - ALLIANT ENERGY CORPlnt331201710-q.htm


Exhibit 12.2

INTERSTATE POWER AND LIGHT COMPANY

RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS

 
Three Months Ended

 
 
 
 
 
 
March 31,
 
Years Ended December 31,
 
2017
 
2016
 
2016
2015
2014
2013
2012
 
(dollars in millions)
EARNINGS:
 
 
 
 
 
 
 
 
 
Net income

$39.8

 

$48.2

 

$225.8


$196.2


$191.8


$188.3


$158.3

Income tax benefit (a)
(3.7
)
 
(0.8
)
 
(5.9
)
(22.7
)
(48.9
)
(36.3
)
(27.9
)
Income before income taxes
36.1

 
47.4

 
219.9

173.5

142.9

152.0

130.4

Fixed charges as defined
27.8

 
25.0

 
103.7

97.2

91.0

82.3

79.3

Total earnings as defined

$63.9

 

$72.4

 

$323.6


$270.7


$233.9


$234.3


$209.7

 
 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
 
 
Interest expense

$27.7

 

$24.9

 

$103.2


$96.8


$89.9


$81.3


$78.5

Estimated interest component of rent expense
0.1

 
0.1

 
0.5

0.4

1.1

1.0

0.8

Total fixed charges as defined

$27.8

 

$25.0

 

$103.7


$97.2


$91.0


$82.3


$79.3

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
2.30

 
2.90

 
3.12

2.78

2.57

2.85

2.64

 
 
 
 
 
 
 
 
 
 
Preferred dividend requirements (pre-tax basis) (b)

$2.4

 

$2.6

 

$9.9


$9.0


$7.6


$8.7


$10.4

 
 
 
 
 
 
 
 
 
 
Fixed charges and preferred dividend requirements

$30.2

 

$27.6

 

$113.6


$106.2


$98.6


$91.0


$89.7

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed Charges and Preferred Dividend Requirements
2.12

 
2.62

 
2.85

2.55

2.37

2.57

2.34


(a) Includes net interest related to unrecognized tax benefits.

(b) Preferred dividend requirements (pre-tax basis) are computed by dividing the preferred dividend requirements by one hundred percent minus the respective year-to-date effective income tax rate. Excludes the impact of charges related to Interstate Power and Light Company’s preferred stock redemption in 2013.



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