Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PECO ENERGY CO | d600872d8k.htm |
| EX-8.1 - OPINION OF BALLARD SPAHR LLP - PECO ENERGY CO | d600872dex81.htm |
| EX-4.2 - ONE HUNDRED AND TENTH SUPPLEMENTAL INDENTURE - PECO ENERGY CO | d600872dex42.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - PECO ENERGY CO | d600872dex11.htm |
| EX-5.1 - OPINION OF BALLARD SPAHR LLP - PECO ENERGY CO | d600872dex51.htm |
| EX-4.1 - ONE HUNDRED AND NINTH SUPPLEMENTAL INDENTURE - PECO ENERGY CO | d600872dex41.htm |
Exhibit 12.1
PECO Energy Company
Ratio of Earnings to Fixed Charges
| Six Months |
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| Twelve Months Ended December 31, | Ended June 30, |
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| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||||||||||
| Pre-tax income from continuing operations |
$ | 475 | $ | 499 | $ | 476 | $ | 535 | $ | 508 | $ | 287 | ||||||||||||
| Plus: Loss from equity investees |
16 | 24 | — | — | — | — | ||||||||||||||||||
| Less: Capitalized interest |
(3 | ) | (2 | ) | (4 | ) | (4 | ) | (2 | ) | (1 | ) | ||||||||||||
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| Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest |
$ | 488 | $ | 521 | $ | 472 | $ | 531 | $ | 506 | $ | 286 | ||||||||||||
| Fixed Charges: |
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| Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness |
$ | 229 | $ | 185 | $ | 193 | $ | 135 | $ | 122 | $ | 57 | ||||||||||||
| Interest component of rental expense(a) |
9 | 9 | 10 | 9 | 9 | 5 | ||||||||||||||||||
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| Total fixed charges |
238 | 194 | 203 | 144 | 131 | 62 | ||||||||||||||||||
| Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest plus fixed charges |
$ | 726 | $ | 715 | $ | 675 | $ | 675 | $ | 637 | $ | 348 | ||||||||||||
| Ratio of earnings to fixed charges |
3.1 | 3.7 | 3.3 | 4.7 | 4.9 | 5.6 | ||||||||||||||||||
| a) | Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor. |