Attached files

file filename
EX-32.A - EXHIBIT 32.A - PPL Corpexhibit32a.htm
EX-12.D - EXHIBIT 12D - PPL Corpexhibit12d.htm
EX-12.E - EXHIBIT 12E - PPL Corpexhibit12e.htm
EX-31.B - EXHIBIT 31.B - PPL Corpexhibit31b.htm
EX-12.A - EXHIBIT 12A - PPL Corpexhibit12a.htm
10-Q - FORM 10-Q - PPL Corpform10q.htm
EX-32.C - EXHIBIT 32.C - PPL Corpexhibit32c.htm
EX-31.F - EXHIBIT 31.F - PPL Corpexhibit31f.htm
EX-31.A - EXHIBIT 31.A - PPL Corpexhibit31a.htm
EX-31.D - EXHIBIT 31.D - PPL Corpexhibit31d.htm
EX-32.E - EXHIBIT 32.E - PPL Corpexhibit32e.htm
EX-32.D - EXHIBIT 32.D - PPL Corpexhibit32d.htm
EX-31.G - EXHIBIT 31.G - PPL Corpexhibit31g.htm
EX-31.E - EXHIBIT 31.E - PPL Corpexhibit31e.htm
EX-32.B - EXHIBIT 32.B - PPL Corpexhibit32b.htm
EX-31.J - EXHIBIT 31.J - PPL Corpexhibit31j.htm
EX-31.C - EXHIBIT 31.C - PPL Corpexhibit31c.htm
EX-31.H - EXHIBIT 31.H - PPL Corpexhibit31h.htm
EX-12.C - EXHIBIT 12C - PPL Corpexhibit12c.htm
EX-31.I - EXHIBIT 31.I - PPL Corpexhibit31i.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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