Attached files
| file | filename |
|---|---|
| EX-1.1 - UNDERWRITING AGREEMENT - PECO ENERGY CO | d14151dex11.htm |
| EX-5.1 - OPINION OF BALLARD SPAHR LLP - PECO ENERGY CO | d14151dex51.htm |
| EX-8.1 - OPINION OF BALLARD SPAHR LLP - PECO ENERGY CO | d14151dex81.htm |
| 8-K - FORM 8-K - PECO ENERGY CO | d14151d8k.htm |
| EX-4.1 - ONE HUNDRED AND TWELFTH SUPPLEMENTAL INDENTURE - PECO ENERGY CO | d14151dex41.htm |
Exhibit 12.1
PECO Energy Company
Ratio of Earnings to Combined Fixed Charges
| Years Ended December 31, | Six months Ended June 30, |
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||||||
| Pre-tax income from continuing operations before adjustment |
$ | 476 | $ | 535 | $ | 508 | $ | 557 | $ | 466 | $ | 294 | ||||||||||||
| Plus: Loss from equity investees |
— | — | — | — | — | — | ||||||||||||||||||
| Less: Capitalized interest |
(4 | ) | (4 | ) | (2 | ) | (2 | ) | (2 | ) | (1 | ) | ||||||||||||
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| Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest |
$ | 472 | $ | 531 | $ | 506 | $ | 555 | $ | 464 | $ | 293 | ||||||||||||
| Fixed charges: |
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| Interest expensed and capitalized, amortization of debt discount and premium on all indebtness |
$ | 193 | $ | 135 | $ | 122 | $ | 114 | $ | 112 | $ | 56 | ||||||||||||
| Interest component of rental expense (a) |
10 | 9 | 9 | 7 | 5 | 1 | ||||||||||||||||||
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| Total fixed charges |
203 | 144 | 131 | 121 | 117 | 57 | ||||||||||||||||||
| Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest plus fixed charges |
$ | 675 | $ | 675 | $ | 637 | $ | 676 | $ | 581 | $ | 350 | ||||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
3.3 | 4.7 | 4.9 | 5.6 | 5.0 | 6.1 | ||||||||||||||||||
| (a) | Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor. |
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