Attached files

file filename
EX-4.A - EXHIBIT 4(A) - PPL Corpexhibit4a.htm
EX-12.C - EXHIBIT 12(C) - PPL Corpexhibit12c.htm
EX-31.I - EXHIBIT 31I - PPL Corpexhibit31i.htm
EX-31.H - EXHIBIT 31H - PPL Corpexhibit31h.htm
EX-32.B - EXHIBIT 32B - PPL Corpexhibit32b.htm
EX-31.D - EXHIBIT 31D - PPL Corpexhibit31d.htm
EX-32.E - EXHIBIT 32E - PPL Corpexhibit32e.htm
EX-12.E - EXHIBIT 12(E) - PPL Corpexhibit12e.htm
EX-31.G - EXHIBIT 31G - PPL Corpexhibit31g.htm
EX-31.A - EXHIBIT 31A - PPL Corpexhibit31a.htm
EX-32.C - EXHIBIT 32C - PPL Corpexhibit32c.htm
EX-32.D - EXHIBIT 32D - PPL Corpexhibit32d.htm
EX-32.A - EXHIBIT 32A - PPL Corpexhibit32a.htm
EX-31.C - EXHIBIT 31C - PPL Corpexhibit31c.htm
EX-31.F - EXHIBIT 31F - PPL Corpexhibit31f.htm
EX-31.E - EXHIBIT 31E - PPL Corpexhibit31e.htm
EX-12.A - EXHIBIT 12(A) - PPL Corpexhibit12a.htm
EX-31.J - EXHIBIT 31J - PPL Corpexhibit31j.htm
EX-31.B - EXHIBIT 31B - PPL Corpexhibit31b.htm
10-Q - FORM 10-Q - PPL Corpform10q.htm
EX-12.D - EXHIBIT 12(D) - PPL Corpexhibit12d.htm

Exhibit 12(b)  
PPL ELECTRIC UTILITIES CORPORATION AND SUBSIDIARIES  
   
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND  
PREFERRED STOCK DIVIDENDS  
(Millions of Dollars)  
   
            6 Months                                
            Ended                                
            June 30,   Years Ended December 31,  
            2015   2014   2013   2012   2011   2010  
Earnings, as defined:                                    
    Income Before Income Taxes $  231   $  423   $  317   $  204   $  257   $  192  
                                               
    Total fixed charges as below    69      131      117      107      105      102  
                                               
        Total earnings $  300   $  554   $  434   $  311   $  362   $  294  
                                               
Fixed charges, as defined:                                    
    Interest charges (a) $  67   $  127   $  113   $  104   $  102   $  101  
    Estimated interest component of operating rentals    2      4      4      3      3      1  
                                               
        Total fixed charges (b) $  69   $  131   $  117   $  107   $  105   $  102  
                                               
Ratio of earnings to fixed charges    4.3      4.2      3.7      2.9      3.4      2.9  
                                               
Preferred stock dividend requirements on a pre-tax                                    
  basis                         $  6   $  21   $  23  
Fixed charges, as above $  69   $  131   $  117      107      105      102  
    Total fixed charges and preferred stock dividends $  69   $  131   $  117   $  113   $  126   $  125  
Ratio of earnings to combined fixed charges and                                    
  preferred stock dividends    4.3      4.2      3.7      2.8      2.9      2.4  

 

(a)   Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.
(b)   Interest on unrecognized tax benefits is not included in fixed charges.

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