Energy Future Competitive Holdings Co LLC - FORM 10-K - EX-12.(A) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 19, 2010

Attached files

file filename
10-K - FORM 10-K - Energy Future Competitive Holdings Co LLCd10k.htm
EX-99.(D) - TCEH COMPANY LLC CONSOLIDATED FINANCIAL STATEMENTS - Energy Future Competitive Holdings Co LLCdex99d.htm
EX-18.(A) - EFC HOLDINGS PREFEREABILITY LETTER - Energy Future Competitive Holdings Co LLCdex18a.htm
EX-32.(A) - CERTIFICATION OF JOHN YOUNG, PEO, PURSUANT TO SECTION 906 - Energy Future Competitive Holdings Co LLCdex32a.htm
EX-99.(B) - TCEH CONSOLIDATED ADJUSTED EBITDA RECONCILIATION - Energy Future Competitive Holdings Co LLCdex99b.htm
EX-32.(B) - CERTIFICATION OF PAUL M. KEGLEVIC, PFO, PURSUANT TO SECTION 906 - Energy Future Competitive Holdings Co LLCdex32b.htm
EX-31.(B) - CERTIFICATION OF PAUL M. KEGLEVIC, PFO, PURSUANT TO SECTION 302 - Energy Future Competitive Holdings Co LLCdex31b.htm
EX-31.(A) - CERTIFICATION OF JOHN YOUNG, PEO, PURSUANT TO SECTION 302 - Energy Future Competitive Holdings Co LLCdex31a.htm
EX-99.(C) - EFH CORP. CONSOLIDATED ADJUSTED EBITDA RECONCILIATION - Energy Future Competitive Holdings Co LLCdex99c.htm

Exhibit 12(a)

ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES,

AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS

 

     Successor               Predecessor
     Year Ended
December 31,
2009		    Year Ended
December 31,
2008		     Period from
October 11,
2007 through
December 31,
2007		               Period from
January 1, 2007
through
October 10,
2007		    Year Ended December 31,
                     2006    2005

EARNINGS:

                      

Income (loss) from continuing operations before extraordinary gain/(loss) and cumulative effect of changes in accounting principles

    $ 515    $ (9,039 )    $ (1,266 )          $ 1,306    $ 2,501    $ 1,816

Add: Total federal income tax expense (benefit)

      351      (504 )      (675 )            618      1,306      882

Fixed charges (see detail below)

      2,420      4,518        715              394      387      668

Preferred dividends of subsidiaries

      —        —          —                —        —        —  
                                                 

Total earnings (loss)

    $ 3,286    $ (5,025 )    $ (1,226 )          $ 2,318    $ 4,194    $ 3,366
                                                 

FIXED CHARGES:

                      

Interest expense

    $ 2,395    $ 4,492      $ 709            $ 370    $ 364    $ 633

Rentals representative of the interest factor

      25      26        6              24      23      35
                                                 

Fixed charges deducted from earnings

      2,420      4,518        715              394      387      668

Preferred dividends of subsidiaries (pretax) (a)

      —        —          —                —        —        —  
                                                 

Total fixed charges

      2,420      4,518        715              394      387      668
 

Preference dividends of registrant (pretax) (a)

      —        —          —                —        —        4
                                                 

Fixed charges and preference dividends

    $ 2,420    $ 4,518      $ 715            $ 394    $ 387    $ 672
                                                 

RATIO OF EARNINGS TO FIXED CHARGES (b)

      1.36      —          —                5.88      10.84      5.04
                                                 

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS (b)

      1.36      —          —                5.88      10.84      5.01
                                                 

 

(a) Preferred/preference dividends multiplied by the ratio of pretax income to net income.
(b) For the year ended December 31, 2008, fixed charges and combined fixed charges and preference dividends exceed earnings by $9.543 billion. For the period from October 11, 2007 through December 31, 2007, fixed charges and combined fixed charges and preference dividends exceeded earnings by $1.941 billion.

Energy Future Competitive Holdings Co LLC Reports