Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DUKE ENERGY PROGRESS, LLC. | d230630d8k.htm |
Exhibit No. 12
CAROLINA POWER & LIGHT COMPANY
d/b/a Progress Energy Carolinas, Inc.
Computation of Ratio of Earnings to Fixed Charges
For the Twelve Months Ended June 30
| (dollars in millions) |
2011 | 2010 | ||||||
| Earnings, as defined: |
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| Net income |
$ | 593 | $ | 540 | ||||
| Fixed charges, as below |
231 | 218 | ||||||
| Income attributable to noncontrolling interests, net of tax |
(2 | ) | 3 | |||||
| Income taxes |
326 | 295 | ||||||
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| Total earnings, as defined |
$ | 1,148 | $ | 1,056 | ||||
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| Fixed Charges, as defined: |
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| Interest on long-term debt |
$ | 193 | $ | 189 | ||||
| Other interest |
13 | 12 | ||||||
| Imputed interest factor in rentals – charged principally to operating expenses |
25 | 17 | ||||||
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| Total fixed charges, as defined |
$ | 231 | $ | 218 | ||||
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| Preferred dividends, as defined |
5 | 5 | ||||||
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| Total fixed charges and preferred dividends combined |
$ | 236 | $ | 223 | ||||
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| Ratio of Earnings to Fixed Charges |
4.97 | 4.84 | ||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends Combined |
4.86 | 4.74 | ||||||