Attached files
| file | filename |
|---|---|
| EX-32 - WE EXHIBIT 32.2 - WISCONSIN ELECTRIC POWER CO | weex32-2.htm |
| EX-31 - WE EXHIBIT 31.1 - WISCONSIN ELECTRIC POWER CO | weex31-1.htm |
| EX-21 - WE EXHIBIT 21.1 - WISCONSIN ELECTRIC POWER CO | weex21-1.htm |
| EX-32 - WE EXHIBIT 32.1 - WISCONSIN ELECTRIC POWER CO | weex32-1.htm |
| 10-K - WE 2010 FORM 10-K - WISCONSIN ELECTRIC POWER CO | we2010form10.htm |
| EX-31 - WE EXHIBIT 31.2 - WISCONSIN ELECTRIC POWER CO | weex31-2.htm |
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EXHIBIT 12.1 |
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WISCONSIN ELECTRIC POWER COMPANY |
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STATEMENT OF COMPUTATION OF |
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RATIO OF EARNINGS TO FIXED CHARGES |
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(Unaudited) |
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Twelve Months Ended |
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12/31/10 |
12/31/09 |
12/31/08 |
12/31/07 |
12/31/06 |
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Pre-tax Income |
$ 470.8 |
$ 435.3 |
$ 439.4 |
$ 468.7 |
$ 438.5 |
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Subtract: |
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Capitalized Interest |
(13.5) |
(6.6) |
(3.0) |
(1.8) |
(5.1) |
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Earnings Before Adding Fixed Charges (a) |
457.3 |
428.7 |
436.4 |
466.9 |
433.4 |
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Fixed Charges |
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Interest on Long-Term Debt |
113.7 |
104.2 |
77.7 |
82.6 |
79.2 |
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Other Interest Expense |
1.3 |
2.7 |
11.9 |
12.2 |
13.0 |
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Estimated Interest Component of Rentals |
107.1 |
65.6 |
57.6 |
48.5 |
47.8 |
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Total Fixed Charges as Defined (b) |
222.1 |
172.5 |
147.2 |
143.3 |
140.0 |
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Total Earnings as Defined |
$ 679.4 |
$ 601.2 |
$ 583.6 |
$ 610.2 |
$ 573.4 |
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Ratio of Earnings to Fixed Charges |
3.1x |
3.5x |
4.0x |
4.3x |
4.1x |
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(a) Earnings before adding fixed charges is determined by starting with pre-tax income (less undistributed equity in earnings of |
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unconsolidated affiliates) and subtracting capitalized interest. |
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(b) Fixed Charges consists of interest charges on our long-term debt and short-term borrowings (including a representative portion of |
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lease expense), capitalized interest and amortization of debt expenses. |
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