Attached files
Exhibit 12(a)
ONCOR ELECTRIC DELIVERY COMPANY LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Successor | Predecessor | |||||||||||||||||||||||||||
| Year Ended December 31, | Period from October 11, 2007 through December 31, 2007 |
Period from January 1, 2007 through October 10, 2007 |
Year Ended December 31, 2006 |
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| 2010 | 2009 | 2008 | ||||||||||||||||||||||||||
| (millions of dollars, except ratios) | ||||||||||||||||||||||||||||
| Earnings: |
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| Income from continuing operations |
$ | 352 | $ | 320 | $ | (487 | ) | $ | 64 | $ | 263 | $ | 344 | |||||||||||||||
| Add: Total federal income taxes |
215 | 173 | 221 | 31 | 159 | 170 | ||||||||||||||||||||||
| Fixed charges (see detail below) |
355 | 353 | 326 | 73 | 251 | 295 | ||||||||||||||||||||||
| Total earnings |
$ | 922 | $ | 846 | $ | 60 | $ | 168 | $ | 673 | $ | 809 | ||||||||||||||||
| Fixed Charges: |
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| Interest expense, excluding capitalized interest |
$ | 349 | $ | 348 | $ | 322 | $ | 72 | $ | 248 | $ | 292 | ||||||||||||||||
| Rentals representative of the interest factor |
6 | 5 | 4 | 1 | 3 | 3 | ||||||||||||||||||||||
| Total fixed charges |
$ | 355 | $ | 353 | $ | 326 | $ | 73 | $ | 251 | $ | 295 | ||||||||||||||||
| Ratio of earnings to fixed charges (a) |
2.60 | 2.40 | — | 2.30 | 2.68 | 2.74 | ||||||||||||||||||||||
| (a) | Fixed charges exceeded earnings by $266 million for the year ended December 31, 2008. |