Attached files
| file | filename |
|---|---|
| EX-31.5 - EX-31.5 - PEPCO HOLDINGS LLC | d27399dex315.htm |
| 10-Q - FORM 10-Q - PEPCO HOLDINGS LLC | d27399d10q.htm |
| EX-31.1 - EX-31.1 - PEPCO HOLDINGS LLC | d27399dex311.htm |
| EX-31.2 - EX-31.2 - PEPCO HOLDINGS LLC | d27399dex312.htm |
| EX-31.3 - EX-31.3 - PEPCO HOLDINGS LLC | d27399dex313.htm |
| EX-31.4 - EX-31.4 - PEPCO HOLDINGS LLC | d27399dex314.htm |
| EX-31.6 - EX-31.6 - PEPCO HOLDINGS LLC | d27399dex316.htm |
| EX-31.7 - EX-31.7 - PEPCO HOLDINGS LLC | d27399dex317.htm |
| EX-31.8 - EX-31.8 - PEPCO HOLDINGS LLC | d27399dex318.htm |
| EX-32.1 - EX-32.1 - PEPCO HOLDINGS LLC | d27399dex321.htm |
| EX-32.2 - EX-32.2 - PEPCO HOLDINGS LLC | d27399dex322.htm |
| EX-32.3 - EX-32.3 - PEPCO HOLDINGS LLC | d27399dex323.htm |
| EX-32.4 - EX-32.4 - PEPCO HOLDINGS LLC | d27399dex324.htm |
| EX-99.1 - EX-99.1 - PEPCO HOLDINGS LLC | d27399dex991.htm |
| EX-99.3 - EX-99.3 - PEPCO HOLDINGS LLC | d27399dex993.htm |
| EX-99.4 - EX-99.4 - PEPCO HOLDINGS LLC | d27399dex994.htm |
| 10-Q - 10-Q IN PDF FORMAT - PEPCO HOLDINGS LLC | d27399d10q1.pdf |
Exhibit 99.2
POTOMAC ELECTRIC POWER COMPANY
| For the Year Ended December 31, | ||||||||||||||||||||||||
| Nine Months Ended September 30, 2015 |
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
| (millions of dollars) | ||||||||||||||||||||||||
| Earnings |
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| Net income for common stock |
$ | 128 | $ | 171 | $ | 150 | $ | 126 | $ | 99 | $ | 108 | ||||||||||||
| Preferred stock dividend |
— | — | — | — | — | — | ||||||||||||||||||
| (Income) or loss from equity investees |
— | — | — | — | — | — | ||||||||||||||||||
| Minority interest loss |
— | — | — | — | — | — | ||||||||||||||||||
| Income tax expense |
62 | 92 | 79 | 48 | 36 | 37 | ||||||||||||||||||
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| Pre-tax income for common stock |
190 | 263 | 229 | 174 | 135 | 145 | ||||||||||||||||||
| Add: Fixed charges* |
103 | 128 | 121 | 113 | 111 | 111 | ||||||||||||||||||
| Add: Distributed income of equity investees |
— | — | — | — | — | — | ||||||||||||||||||
| Subtract: Interest capitalized |
— | — | — | — | — | — | ||||||||||||||||||
| Subtract: Pre-tax preferred stock dividend requirement |
— | — | — | — | — | — | ||||||||||||||||||
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| Earnings |
$ | 293 | $ | 391 | $ | 350 | $ | 287 | $ | 246 | $ | 256 | ||||||||||||
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| *Fixed Charges |
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| Interest on long-term debt |
$ | 94 | $ | 116 | $ | 109 | $ | 101 | $ | 97 | $ | 97 | ||||||||||||
| Interest capitalized |
— | — | — | — | — | — | ||||||||||||||||||
| Other interest |
— | — | — | — | — | — | ||||||||||||||||||
| Amortization of debt discount, premium, and expense |
3 | 5 | 5 | 5 | 4 | 4 | ||||||||||||||||||
| Interest component of rentals |
6 | 7 | 7 | 7 | 10 | 10 | ||||||||||||||||||
| Pre-tax preferred stock dividend requirement |
— | — | — | — | — | — | ||||||||||||||||||
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| Fixed charges |
$ | 103 | $ | 128 | $ | 121 | $ | 113 | $ | 111 | $ | 111 | ||||||||||||
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| Ratio of earnings to fixed charges (a) |
2.84 | 3.05 | 2.89 | 2.54 | 2.22 | 2.31 | ||||||||||||||||||
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| (a) | Pepco 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. |