CONSUMERS ENERGY CO - FORM 8-K - EX-12.(A)2 - December 9, 2009

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8-K - FORM 8-K - CONSUMERS ENERGY COk48628e8vk.htm
EX-99.1 - EX-99.1 - CONSUMERS ENERGY COk48628exv99w1.htm
EX-99.2 - EX-99.2 - CONSUMERS ENERGY COk48628exv99w2.htm
EX-99.3 - EX-99.3 - CONSUMERS ENERGY COk48628exv99w3.htm
EX-12.(B)2 - EX-12.(B)2 - CONSUMERS ENERGY COk48628exv12wxby2.htm
EX-12.(B)1 - EX-12.(B)1 - CONSUMERS ENERGY COk48628exv12wxby1.htm
EX-12.(A)1 - EX-12.(A)1 - CONSUMERS ENERGY COk48628exv12wxay1.htm
EX-12.(B)3 - EX-12.(B)3 - CONSUMERS ENERGY COk48628exv12wxby3.htm
EX-12.(A)3 - EX-12.(A)3 - CONSUMERS ENERGY COk48628exv12wxay3.htm
Exhibit 12(a).2
CMS ENERGY CORPORATION
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)
(As Revised, See Note 1)
                                                 
    Six                      
    Months                      
    Ended                      
    June 30             Year Ended December 31        
    2009     2008     2007     2006     2005     2004  
                    (b)     (c)     (d)     (e)  
Earnings as defined (a)
                                                
Pretax income from continuing operations
   $ 204     $ 441     $ (317 )   $ (434 )   $ (772 )   $ 98  
Exclude equity basis subsidiaries
     1       (1 )     (22 )     (14 )     (17 )     (88 )
Fixed charges as defined
     220       429       489       535       539       637  
 
                                    
Earnings as defined
   $ 425     $ 869     $ 150     $ 87     $ (250 )   $ 647  
 
                                    
Fixed charges as defined (a)
                                                
Interest on long-term debt
   $ 184     $ 371     $ 415     $ 492     $ 514     $ 560  
Other interest charges
     22       33       51       35       19       73  
Estimated interest portion of lease rental
     14       25       23       8       6       4  
 
                                    
Fixed charges as defined
   $ 220     $ 429     $ 489     $ 535     $ 539     $ 637  
Preferred dividends
     9       17       12       11       10       11  
 
                                    
Combined fixed charges and preferred dividends
   $ 229     $ 446     $ 501     $ 546     $ 549     $ 648  
 
                                    
Ratio of earnings to fixed charges
     1.93       2.03       —       —       —       1.02  
 
                                    
Ratio of earnings to combined fixed charges and preferred dividends
     1.86       1.95       —       —       —       —  
 
                                    
 
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 $339 million and combined fixed charges and preferred dividends exceeded earnings by $351 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 $448 million and combined fixed charges and preferred dividends exceeded earnings by $459 million. Earnings as defined include $459 million of asset impairment charges.
 
(d)   For the year ended December 31, 2005, fixed charges exceeded earnings by $789 million and combined fixed charges and preferred dividends exceeded earnings by $799 million. Earnings as defined include $1.184 billion of asset impairment charges.
 
(e)   For 2004, fixed charges and combined fixed charges and preferred dividends, adjusted as defined, include $25 million of interest cost that was capitalized prior to 2004 and subsequently expensed in 2004. Combined fixed charges and preferred dividends exceeded earnings by $1 million. Earnings as defined include $160 million of asset impairments.