Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - BALTIMORE GAS & ELECTRIC CO | d229145d8k.htm |
| EX-1.1 - EX-1.1 - BALTIMORE GAS & ELECTRIC CO | d229145dex11.htm |
| EX-4.2 - EX-4.2 - BALTIMORE GAS & ELECTRIC CO | d229145dex42.htm |
| EX-4.1 - EX-4.1 - BALTIMORE GAS & ELECTRIC CO | d229145dex41.htm |
| EX-5.1 - EX-5.1 - BALTIMORE GAS & ELECTRIC CO | d229145dex51.htm |
Exhibit 12.1
BGE
Ratio of Earnings to Fixed Charges
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||||||||
| Pre-tax income from continuing operations |
211 | 11 | 344 | 351 | 477 | 208 | ||||||||||||||||||
| Less: Capitalized interest |
(7 | ) | (5 | ) | (6 | ) | (12 | ) | (14 | ) | (7 | ) | ||||||||||||
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| Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest |
204 | 6 | 338 | 339 | 453 | 201 | ||||||||||||||||||
| Fixed Charges: |
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| Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness |
136 | 149 | 127 | 118 | 113 | 55 | ||||||||||||||||||
| Interest component of rental expense (a) |
5 | 4 | 4 | 4 | 11 | 2 | ||||||||||||||||||
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| Total fixed charges |
141 | 153 | 131 | 122 | 124 | 57 | ||||||||||||||||||
| 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 |
345 | 159 | 469 | 461 | 587 | 258 | ||||||||||||||||||
| Ratio of earnings to fixed charges |
2.4 | 1.0 | 3.6 | 3.8 | 4.7 | 4.5 | ||||||||||||||||||
| (a) | Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor. |