Attached files
file | filename |
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EX-4.A - EXHIBIT 4(A) - PPL Corp | exhibit4a.htm |
EX-12.C - EXHIBIT 12(C) - PPL Corp | exhibit12c.htm |
EX-31.I - EXHIBIT 31I - PPL Corp | exhibit31i.htm |
EX-31.H - EXHIBIT 31H - PPL Corp | exhibit31h.htm |
EX-32.B - EXHIBIT 32B - PPL Corp | exhibit32b.htm |
EX-31.D - EXHIBIT 31D - PPL Corp | exhibit31d.htm |
EX-32.E - EXHIBIT 32E - PPL Corp | exhibit32e.htm |
EX-12.E - EXHIBIT 12(E) - PPL Corp | exhibit12e.htm |
EX-31.G - EXHIBIT 31G - PPL Corp | exhibit31g.htm |
EX-31.A - EXHIBIT 31A - PPL Corp | exhibit31a.htm |
EX-32.C - EXHIBIT 32C - PPL Corp | exhibit32c.htm |
EX-32.D - EXHIBIT 32D - PPL Corp | exhibit32d.htm |
EX-32.A - EXHIBIT 32A - PPL Corp | exhibit32a.htm |
EX-31.C - EXHIBIT 31C - PPL Corp | exhibit31c.htm |
EX-31.F - EXHIBIT 31F - PPL Corp | exhibit31f.htm |
EX-31.E - EXHIBIT 31E - PPL Corp | exhibit31e.htm |
EX-12.A - EXHIBIT 12(A) - PPL Corp | exhibit12a.htm |
EX-31.J - EXHIBIT 31J - PPL Corp | exhibit31j.htm |
EX-31.B - EXHIBIT 31B - PPL Corp | exhibit31b.htm |
10-Q - FORM 10-Q - PPL Corp | form10q.htm |
EX-12.D - EXHIBIT 12(D) - PPL Corp | exhibit12d.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. |
113 |