Attached files
| file | filename |
|---|---|
| 10-Q - WISCONSIN ELECTRIC JUNE 30, 2018 FORM 10-Q - WISCONSIN ELECTRIC POWER CO | a2018q2we10q.htm |
| EX-32.2 - WISCONSIN ELECTRIC EXHIBIT 32.2 - WISCONSIN ELECTRIC POWER CO | a2018q2we10qexhibit322.htm |
| EX-32.1 - WISCONSIN ELECTRIC EXHIBIT 32.1 - WISCONSIN ELECTRIC POWER CO | a2018q2we10qexhibit321.htm |
| EX-31.2 - WISCONSIN ELECTRIC EXHIBIT 31.2 - WISCONSIN ELECTRIC POWER CO | a2018q2we10qexhibit312.htm |
| EX-31.1 - WISCONSIN ELECTRIC EXHIBIT 31.1 - WISCONSIN ELECTRIC POWER CO | a2018q2we10qexhibit311.htm |
Exhibit 12.1
WISCONSIN ELECTRIC POWER COMPANY
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 * | $ | 193.1 | $ | 528.0 | $ | 572.7 | $ | 584.0 | $ | 593.1 | $ | 549.6 | ||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||
Interest expense | 58.9 | 117.3 | 117.6 | 119.0 | 116.5 | 121.4 | ||||||||||||||||||
Capitalized interest | 0.8 | 1.2 | 1.7 | 2.2 | 1.8 | 7.4 | ||||||||||||||||||
Estimated interest component of rentals | 66.8 | 149.1 | 154.1 | 149.8 | 141.6 | 140.4 | ||||||||||||||||||
Total fixed charges as defined | 126.5 | 267.6 | 273.4 | 271.0 | 259.9 | 269.2 | ||||||||||||||||||
Total earnings as defined | $ | 319.6 | $ | 795.6 | $ | 846.1 | $ | 855.0 | $ | 853.0 | $ | 818.8 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.5x | 3.0x | 3.1x | 3.2x | 3.3x | 3.0x | ||||||||||||||||||
* | Pre-tax income consists of income before income taxes less undistributed earnings of equity investees. |