ALLETE INC - FORM 10-K - EX-12 - EXHIBIT 12 - February 15, 2017

Attached files

file filename
10-K - 10-K - ALLETE INCale12312016-10k.htm
EX-99 - EXHIBIT 99 - ALLETE INCexhibit9912-31x2016.htm
EX-95 - EXHIBIT 95 - ALLETE INCexhibit9512-31x2016.htm
EX-32 - EXHIBIT 32 - ALLETE INCexhibit3212-31x2016.htm
EX-31.B - EXHIBIT 31.B - ALLETE INCexhibit31b12-31x2016.htm
EX-31.A - EXHIBIT 31.A - ALLETE INCexhibit31a12-31x2016.htm
EX-23 - EXHIBIT 23 - ALLETE INCexhibit2312-31x2016.htm
EX-21 - EXHIBIT 21 - ALLETE INCexhibit2112-31x2016.htm
EX-10.K3 - EXHIBIT 10.K3 - ALLETE INCexhibit10k312-31x2016.htm
EX-10.I6 - EXHIBIT 10.I6 - ALLETE INCexhibit10i612-31x2016.htm
EX-10.I5 - EXHIBIT 10.I5 - ALLETE INCexhibit10i512-31x2016.htm
EX-10.I4 - EXHIBIT 10.I4 - ALLETE INCexhibit10i412-31x2016.htm
EX-10.E7 - EXHIBIT 10.E7 - ALLETE INCexhibit10e712-31x2016.htm
EX-10.E6 - EXHIBIT 10.E6 - ALLETE INCexhibit10e612-31x2016.htm


Exhibit 12

ALLETE
Computation of Ratios of Earnings to Fixed Charges (Unaudited)

Year Ended December 31
2016

2015

2014

2013

2012

Millions
 
 
 
 
 
Earnings as Defined
 
 
 
 
 
 
Pretax Income Before Non-Controlling Interest

$175.6


$166.8


$162.2


$133.3


$135.0

 
Add:
Fixed Charges
73

71.9

62.5

56.7

51.2

 
Less:
Undistributed Income from Less than 50 percent Owned Equity Investment
5.7

1.8

2.6

4.1

3.8

 
Earnings as Defined

$242.9


$236.9


$222.1


$185.9


$182.4

 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
Interest on Long-Term Debt

$64.7


$64.7


$55.6


$50.9


$47.0

 
Other Interest Charges
2.6

1.4

2.0

1.2

0.4

 
Interest Component of All Rentals (a)
5.7

5.8

4.9

4.6

3.8

 
Total Fixed Charges

$73.0


$71.9


$62.5


$56.7


$51.2

Ratio of Earnings to Fixed Charges
3.33

3.29

3.55

3.28

3.56

(a)
Represents interest portion of rents estimated at 33 1/3 percent.



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