Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - DELMARVA POWER & LIGHT CO /DE/ | d284241dex51.htm |
| EX-4.2 - EX-4.2 - DELMARVA POWER & LIGHT CO /DE/ | d284241dex42.htm |
| EX-1.1 - EX-1.1 - DELMARVA POWER & LIGHT CO /DE/ | d284241dex11.htm |
| 8-K - 8-K - DELMARVA POWER & LIGHT CO /DE/ | d284241d8k.htm |
Exhibit 12.1
DPL
Ratio of Earnings to Fixed Charges
| Years Ended December 31, | ||||||||||||||||||||||||
| Nine Months Ended September 30, 2016 |
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
| (millions of dollars) | ||||||||||||||||||||||||
| Pre-tax income from continuing operations |
$ | 2 | $ | 125 | $ | 169 | $ | 146 | $ | 118 | $ | 119 | ||||||||||||
| Less: Capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||
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| Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest |
2 | 125 | 169 | 146 | 118 | 119 | ||||||||||||||||||
| Fixed Charges: |
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| Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness |
39 | 50 | 49 | 52 | 49 | 46 | ||||||||||||||||||
| Interest component of rental expense (a) |
3 | 4 | 4 | 3 | 3 | 3 | ||||||||||||||||||
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| Total fixed charges |
42 | 54 | 53 | 55 | 52 | 49 | ||||||||||||||||||
| Pre-tax income from continuing operations after adjustment for income or loss from equity investees, capitalized interest and preference security dividend requirements plus fixed charges |
44 | 179 | 222 | 201 | 170 | 168 | ||||||||||||||||||
| Ratio of earnings to fixed charges |
1.0 | 3.3 | 4.2 | 3.7 | 3.3 | 3.4 | ||||||||||||||||||
| (a) | Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor. |