Attached files
Exhibit 12(a)
ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES,
AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
| Year Ended December 31, 2010 |
Year Ended December 31, 2009 |
Year Ended December 31, 2008 |
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| EARNINGS: |
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| Income (loss) from continuing operations before extraordinary gain/(loss) and cumulative effect of changes in accounting principles |
$ | (3,530 | ) | $ | 515 | $ | (9,039 | ) | ||||
| Add: Total federal income tax expense (benefit) |
318 | 351 | (504 | ) | ||||||||
| Fixed charges (see detail below) |
3,150 | 2,420 | 4,518 | |||||||||
| Preferred dividends of subsidiaries |
— | — | — | |||||||||
| Total earnings (loss) |
$ | (62 | ) | $ | 3,286 | $ | (5,025 | ) | ||||
| FIXED CHARGES: |
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| Interest expense |
$ | 3,127 | $ | 2,395 | $ | 4,492 | ||||||
| Rentals representative of the interest factor |
23 | 25 | 26 | |||||||||
| Fixed charges deducted from earnings |
3,150 | 2,420 | 4,518 | |||||||||
| Preferred dividends of subsidiaries (pretax) (a) |
— | — | — | |||||||||
| Total fixed charges |
3,150 | 2,420 | 4,518 | |||||||||
| Preference dividends of registrant (pretax) (a) |
— | — | — | |||||||||
| Fixed charges and preference dividends |
$ | 3,150 | $ | 2,420 | $ | 4,518 | ||||||
| RATIO OF EARNINGS TO FIXED CHARGES (b) |
— | 1.36 | — | |||||||||
| RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS (b) |
— | 1.36 | — | |||||||||
| (a) | Preferred/preference dividends multiplied by the ratio of pretax income to net income. |
| (b) | For the years ended December 31, 2010 and 2008, fixed charges and combined fixed charges and preference dividends exceed earnings by $3.212 billion and $9.543 billion, respectively. |