ONCOR ELECTRIC DELIVERY CO LLC - FORM 10-K - EX-12.(A) - February 26, 2015

Attached files

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EX-31.(B) - EX-31.(B) - ONCOR ELECTRIC DELIVERY CO LLCc311-20141231xex31b.htm
EX-32.(B) - EX-32.(B) - ONCOR ELECTRIC DELIVERY CO LLCc311-20141231xex32b.htm
EX-31.(A) - EX-31.(A) - ONCOR ELECTRIC DELIVERY CO LLCc311-20141231xex31a.htm
EX-10.Y - EX-10.Y - ONCOR ELECTRIC DELIVERY CO LLCc311-20141231ex10y3a6374.htm
EX-21.A - EX-21.A - ONCOR ELECTRIC DELIVERY CO LLCc311-20141231ex21a595efa.htm
EXCEL - IDEA: XBRL DOCUMENT - ONCOR ELECTRIC DELIVERY CO LLCFinancial_Report.xls
10-K - 10-K - ONCOR ELECTRIC DELIVERY CO LLCc311-20141231x10k.htm
EX-32.(A) - EX-32.(A) - ONCOR ELECTRIC DELIVERY CO LLCc311-20141231xex32a.htm

Exhibit 12(a)

 

 

ONCOR ELECTRIC DELIVERY COMPANY LLC

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

 

(millions of dollars, except ratios)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$
450 

 

$
432 

 

$
349 

 

$
367 

 

$
352 

Add:  Total federal income taxes

 

 
278 

 

 
249 

 

 
234 

 

 
229 

 

 
215 

Fixed charges (see detail below)

 

 
363 

 

 
386 

 

 
390 

 

 
368 

 

 
355 

Total earnings

 

$
1,091 

 

$
1,067 

 

$
973 

 

$
964 

 

$
922 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, excluding capitalized interest

 

$
358 

 

$
381 

 

$
384 

 

$
362 

 

$
349 

Rentals representative of the interest factor

 

 
5 

 

 
5 

 

 
6 

 

 
6 

 

 
6 

Total fixed charges

 

$
363 

 

$
386 

 

$
390 

 

$
368 

 

$
355 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 
3.01 

 

 
2.76 

 

 
2.49 

 

 
2.62 

 

 
2.60 

 

ONCOR ELECTRIC DELIVERY CO LLC Reports