Attached files
file | filename |
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EX-32.A - EXHIBIT 32.A - PPL Corp | exhibit32a.htm |
EX-12.D - EXHIBIT 12D - PPL Corp | exhibit12d.htm |
EX-12.E - EXHIBIT 12E - PPL Corp | exhibit12e.htm |
EX-31.B - EXHIBIT 31.B - PPL Corp | exhibit31b.htm |
EX-12.A - EXHIBIT 12A - PPL Corp | exhibit12a.htm |
10-Q - FORM 10-Q - PPL Corp | form10q.htm |
EX-32.C - EXHIBIT 32.C - PPL Corp | exhibit32c.htm |
EX-31.F - EXHIBIT 31.F - PPL Corp | exhibit31f.htm |
EX-31.A - EXHIBIT 31.A - PPL Corp | exhibit31a.htm |
EX-31.D - EXHIBIT 31.D - PPL Corp | exhibit31d.htm |
EX-32.E - EXHIBIT 32.E - PPL Corp | exhibit32e.htm |
EX-32.D - EXHIBIT 32.D - PPL Corp | exhibit32d.htm |
EX-31.G - EXHIBIT 31.G - PPL Corp | exhibit31g.htm |
EX-31.E - EXHIBIT 31.E - PPL Corp | exhibit31e.htm |
EX-32.B - EXHIBIT 32.B - PPL Corp | exhibit32b.htm |
EX-31.J - EXHIBIT 31.J - PPL Corp | exhibit31j.htm |
EX-31.C - EXHIBIT 31.C - PPL Corp | exhibit31c.htm |
EX-31.H - EXHIBIT 31.H - PPL Corp | exhibit31h.htm |
EX-12.C - EXHIBIT 12C - PPL Corp | exhibit12c.htm |
EX-31.I - EXHIBIT 31.I - PPL Corp | exhibit31i.htm |
Exhibit 12(b) | |||||||||||||||||||||||
PPL ELECTRIC UTILITIES CORPORATION AND SUBSIDIARIES | |||||||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND | |||||||||||||||||||||||
PREFERRED STOCK DIVIDENDS | |||||||||||||||||||||||
(Millions of Dollars) | |||||||||||||||||||||||
3 Months | |||||||||||||||||||||||
Ended | |||||||||||||||||||||||
March 31, | Years Ended December 31, | ||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||
Income Before Income Taxes | $ | 150 | $ | 416 | $ | 423 | $ | 317 | $ | 204 | $ | 257 | |||||||||||
Total fixed charges as below | 36 | 139 | 131 | 117 | 107 | 105 | |||||||||||||||||
Total earnings | $ | 186 | $ | 555 | $ | 554 | $ | 434 | $ | 311 | $ | 362 | |||||||||||
Fixed charges, as defined: | |||||||||||||||||||||||
Interest charges (a) | $ | 35 | $ | 135 | $ | 127 | $ | 113 | $ | 104 | $ | 102 | |||||||||||
Estimated interest component of operating rentals | 1 | 4 | 4 | 4 | 3 | 3 | |||||||||||||||||
Total fixed charges (b) | $ | 36 | $ | 139 | $ | 131 | $ | 117 | $ | 107 | $ | 105 | |||||||||||
Ratio of earnings to fixed charges | 5.2 | 4.0 | 4.2 | 3.7 | 2.9 | 3.4 | |||||||||||||||||
Preferred stock dividend requirements on a pre-tax | |||||||||||||||||||||||
basis | $ | 6 | $ | 21 | |||||||||||||||||||
Fixed charges, as above | $ | 36 | $ | 139 | $ | 131 | $ | 117 | 107 | 105 | |||||||||||||
Total fixed charges and preferred stock dividends | $ | 36 | $ | 139 | $ | 131 | $ | 117 | $ | 113 | $ | 126 | |||||||||||
Ratio of earnings to combined fixed charges and | |||||||||||||||||||||||
preferred stock dividends | 5.2 | 4.0 | 4.2 | 3.7 | 2.8 | 2.9 |
(a) | Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net. | |
(b) | Interest on unrecognized tax benefits is not included in fixed charges. |
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