Attached files
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
Year Ended December 31, 2010 |
Year Ended December 31, 2009 |
Year Ended December 31, 2008 |
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EARNINGS: |
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Income (loss) from continuing operations before extraordinary gain/(loss) and cumulative effect of changes in accounting principles |
$ | (3,530 | ) | $ | 515 | $ | (9,039 | ) | ||||
Add: Total federal income tax expense (benefit) |
318 | 351 | (504 | ) | ||||||||
Fixed charges (see detail below) |
3,150 | 2,420 | 4,518 | |||||||||
Preferred dividends of subsidiaries |
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Total earnings (loss) |
$ | (62 | ) | $ | 3,286 | $ | (5,025 | ) | ||||
FIXED CHARGES: |
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Interest expense |
$ | 3,127 | $ | 2,395 | $ | 4,492 | ||||||
Rentals representative of the interest factor |
23 | 25 | 26 | |||||||||
Fixed charges deducted from earnings |
3,150 | 2,420 | 4,518 | |||||||||
Preferred dividends of subsidiaries (pretax) (a) |
| | | |||||||||
Total fixed charges |
3,150 | 2,420 | 4,518 | |||||||||
Preference dividends of registrant (pretax) (a) |
| | | |||||||||
Fixed charges and preference dividends |
$ | 3,150 | $ | 2,420 | $ | 4,518 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES (b) |
| 1.36 | | |||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS (b) |
| 1.36 | | |||||||||
(a) | Preferred/preference dividends multiplied by the ratio of pretax income to net income. |
(b) | For the years ended December 31, 2010 and 2008, fixed charges and combined fixed charges and preference dividends exceed earnings by $3.212 billion and $9.543 billion, respectively. |