Attached files
file | filename |
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EX-32.2 - WISCONSIN PUBLIC SERVICE EXHIBIT 32.2 - WISCONSIN PUBLIC SERVICE CORP | a2018q2wps10qexhibit322.htm |
10-Q - WISCONSIN PUBLIC SERVICE JUNE 30, 2018 FORM 10-Q - WISCONSIN PUBLIC SERVICE CORP | a2018q2wps10q.htm |
EX-32.1 - WISCONSIN PUBLIC SERVICE EXHIBIT 32.1 - WISCONSIN PUBLIC SERVICE CORP | a2018q2wps10qexhibit321.htm |
EX-31.2 - WISCONSIN PUBLIC SERVICE EXHIBIT 31.2 - WISCONSIN PUBLIC SERVICE CORP | a2018q2wps10qexhibit312.htm |
EX-31.1 - WISCONSIN PUBLIC SERVICE EXHIBIT 31.1 - WISCONSIN PUBLIC SERVICE CORP | a2018q2wps10qexhibit311.htm |
Exhibit 12.1
WISCONSIN PUBLIC SERVICE CORPORATION
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) | Six Months Ended June 30, 2018 | Twelve Months Ended December 31 | ||||||||||||||||||||||
(in millions, except ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Pre-tax income * | $ | 133.7 | $ | 253.6 | $ | 243.5 | $ | 198.7 | $ | 224.0 | $ | 217.7 | ||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||
Interest expense | 26.0 | 54.2 | 48.1 | 53.5 | 57.4 | 43.7 | ||||||||||||||||||
Capitalized interest | 0.9 | 1.6 | 8.1 | 6.1 | 4.6 | 3.8 | ||||||||||||||||||
Estimated interest component of rentals | 0.6 | 2.2 | 1.9 | 1.2 | 1.5 | 1.4 | ||||||||||||||||||
Total fixed charges as defined | 27.5 | 58.0 | 58.1 | 60.8 | 63.5 | 48.9 | ||||||||||||||||||
Total earnings as defined | $ | 161.2 | $ | 311.6 | $ | 301.6 | $ | 259.5 | $ | 287.5 | $ | 266.6 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.9x | 5.4x | 5.2x | 4.3x | 4.5x | 5.5x |
* | Pre-tax income consists of income before income taxes less undistributed earnings of equity investees. |