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EX-32.B - EX-32.B - ONCOR ELECTRIC DELIVERY CO LLCc311-20161231xex32_b.htm
EX-32.A - EX-32.A - ONCOR ELECTRIC DELIVERY CO LLCc311-20161231xex32_a.htm
EX-31.B - EX-31.B - ONCOR ELECTRIC DELIVERY CO LLCc311-20161231xex31_b.htm
EX-31.A - EX-31.A - ONCOR ELECTRIC DELIVERY CO LLCc311-20161231xex31_a.htm
EX-21.A - EX-21.A - ONCOR ELECTRIC DELIVERY CO LLCc311-20161231xex21_a.htm
10-K - 10-K - ONCOR ELECTRIC DELIVERY CO LLCc311-20161231x10k.htm

Exhibit 12(a)





ONCOR ELECTRIC DELIVERY COMPANY LLC

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Year Ended December 31,



 

2016

 

2015

 

2014

 

2013

 

2012



 

(millions of dollars, except ratios)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

431 

 

$

432 

 

$

450 

 

$

432 

 

$

349 

Add:  Total federal income taxes

 

 

254 

 

 

252 

 

 

278 

 

 

249 

 

 

234 

Fixed charges (see detail below)

 

 

349 

 

 

342 

 

 

363 

 

 

386 

 

 

390 

Total earnings

 

$

1,034 

 

$

1,026 

 

$

1,091 

 

$

1,067 

 

$

973 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and interest capitalized

 

$

344 

 

$

338 

 

$

358 

 

$

381 

 

$

384 

Rentals representative of the interest factor

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

349 

 

$

342 

 

$

363 

 

$

386 

 

$

390 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

2.96 

 

 

3.00 

 

 

3.01 

 

 

2.76 

 

 

2.49