SEC Info - Consumers Energy Co, et al. - ‘10-Q’ for 3/31/08

Exhibit (12)(a)

CMS ENERGY CORPORATION
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
(Millions of Dollars)


	Three
	Months
	Ended
	March 31					Year Ended December 31
	2008		2007			2006			2005			2004			2003
			(b)			(c)			(d)			(e)
Earnings as defined (a)
Pretax income from continuing operations	$	172	$	(310	)	$	(427	)	$	(766	)	$	96		$	69
Exclude equity basis subsidiaries		1		(22	)		(14	)		(17	)		(88	)		(41	)
Fixed charges as defined		108		483			528			533			639			663

Earnings as defined	$	281	$	151		$	87		$	(250	)	$	647		$	691


Fixed charges as defined (a)
Interest on long-term debt	$	87	$	406		$	483		$	506		$	560		$	531
Estimated interest portion of lease rental		6		23			8			6			4			7
Other interest charges		15		54			37			21			75			125

Fixed charges as defined	$	108	$	483		$	528		$	533		$	639		$	663
Preferred dividends		4		12			11			10			11			15

Combined fixed charges and preferred dividends	$	112	$	495		$	539		$	543		$	650		$	678


Ratio of earnings to fixed charges		2.60		—			—			—			1.01			1.04


Ratio of earnings to combined fixed charges and preferred dividends		2.51		—			—			—			—			1.02

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 $332 million and combined fixed charges and preferred dividends exceeded earnings by $344 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 $441 million and combined fixed charges and preferred dividends exceeded earnings by $452 million. Earnings as defined include $459 million of asset impairment charges.

(d) For the year ended December 31, 2005, fixed charges exceeded earnings by $783 million and combined fixed charges and preferred dividends exceeded earnings by $793 million. Earnings as defined include $1.184 billion of asset impairment charges.

(e) For 2004, fixed charges, 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 $3 million. Earnings as defined include $160 million of asset impairment charges.

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	5/5/08	8-K
For Period End:	3/31/08
	12/31/07	10-K, 11-K
	12/31/06	10-K, 11-K
	12/31/05	10-K, 10-K/A, 11-K, 5
		List all Filings

Consumers Energy Co, et al. – ‘10-Q’ for 3/31/08 – EX-12.(A)

On: Monday, 5/5/08, at 5:25pm ET · For: 3/31/08 · Accession #: 950124-8-2236 · File #s: 1-05611, 1-09513

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Quarterly Report — Form 10-Q
Filing Table of Contents

EX-12.(A) — Statement Regarding Computation of Ratios of Earnings to Fixed Charges

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