Attached files
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EX-31.1 - EX-31.1 - PEPCO HOLDINGS LLC | d930153dex311.htm |
10-Q - FORM 10-Q - PEPCO HOLDINGS LLC | d930153d10q.htm |
EX-31.2 - EX-31.2 - PEPCO HOLDINGS LLC | d930153dex312.htm |
EX-31.3 - EX-31.3 - PEPCO HOLDINGS LLC | d930153dex313.htm |
EX-31.4 - EX-31.4 - PEPCO HOLDINGS LLC | d930153dex314.htm |
EX-31.5 - EX-31.5 - PEPCO HOLDINGS LLC | d930153dex315.htm |
EX-31.6 - EX-31.6 - PEPCO HOLDINGS LLC | d930153dex316.htm |
EX-31.7 - EX-31.7 - PEPCO HOLDINGS LLC | d930153dex317.htm |
EX-31.8 - EX-31.8 - PEPCO HOLDINGS LLC | d930153dex318.htm |
EX-32.1 - EX-32.1 - PEPCO HOLDINGS LLC | d930153dex321.htm |
EX-32.2 - EX-32.2 - PEPCO HOLDINGS LLC | d930153dex322.htm |
EX-32.3 - EX-32.3 - PEPCO HOLDINGS LLC | d930153dex323.htm |
EX-32.4 - EX-32.4 - PEPCO HOLDINGS LLC | d930153dex324.htm |
EX-99.1 - EX-99.1 - PEPCO HOLDINGS LLC | d930153dex991.htm |
EX-99.2 - EX-99.2 - PEPCO HOLDINGS LLC | d930153dex992.htm |
EX-99.3 - EX-99.3 - PEPCO HOLDINGS LLC | d930153dex993.htm |
10-Q - COURTESY COPY - PEPCO HOLDINGS LLC | d930153d10q1.pdf |
Exhibit 99.4
ATLANTIC CITY ELECTRIC COMPANY
For the Year Ended December 31, | ||||||||||||||||||||||||
Six Months Ended June 30, 2015 |
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||||
Earnings |
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Net income for common stock |
$ | 14 | $ | 45 | $ | 50 | $ | 35 | $ | 39 | $ | 53 | ||||||||||||
Preferred stock dividend |
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(Income) or loss from equity investees |
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Minority interest loss |
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Income tax expense |
9 | 28 | 19 | 18 | 33 | 43 | ||||||||||||||||||
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Pre-tax income for common stock |
23 | 73 | 69 | 53 | 72 | 96 | ||||||||||||||||||
Add: Fixed charges* |
35 | 68 | 72 | 75 | 74 | 69 | ||||||||||||||||||
Add: Distributed income of equity investees |
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Subtract: Interest capitalized |
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Subtract: Pre-tax preferred stock dividend requirement |
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Earnings |
$ | 58 | $ | 141 | $ | 141 | $ | 128 | $ | 146 | $ | 165 | ||||||||||||
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*Fixed Charges |
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Interest on long-term debt |
$ | 31 | $ | 61 | $ | 65 | $ | 69 | $ | 69 | $ | 63 | ||||||||||||
Interest capitalized |
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Other interest |
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Amortization of debt discount, premium, and expense |
2 | 3 | 3 | 2 | 2 | 3 | ||||||||||||||||||
Interest component of rentals |
2 | 4 | 4 | 4 | 3 | 3 | ||||||||||||||||||
Pre-tax preferred stock dividend requirement |
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Fixed charges |
$ | 35 | $ | 68 | $ | 72 | $ | 75 | $ | 74 | $ | 69 | ||||||||||||
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Ratio of earnings to fixed charges (a) |
1.66 | 2.07 | 1.96 | 1.71 | 1.97 | 2.39 | ||||||||||||||||||
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(a) | ACE has no preferred equity securities outstanding, therefore the ratio of earnings to fixed charges is equal to the ratio of earnings to combined fixed charges and preferred stock dividends. |