PPL Corp - FORM 10-Q - EX-12.B - EXHIBIT 12.B - May 4, 2017

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EX-31.C - EXHIBIT 31.C - PPL Corpppl-3312017_ex31c.htm
10-Q - PPL CORPORATION FORM 10-Q - PPL Corpppl-3312017x10q.htm
EX-32.E - EXHIBIT 32.E - PPL Corpppl-3312017_ex32e.htm
EX-32.D - EXHIBIT 32.D - PPL Corpppl-3312017_ex32d.htm
EX-32.C - EXHIBIT 32.C - PPL Corpppl-3312017_ex32c.htm
EX-32.B - EXHIBIT 32.B - PPL Corpppl-3312017_ex32b.htm
EX-32.A - EXHIBIT 32.A - PPL Corpppl-3312017_ex32a.htm
EX-31.J - EXHIBIT 31.J - PPL Corpppl-3312017_ex31j.htm
EX-31.I - EXHIBIT 31.I - PPL Corpppl-3312017_ex31i.htm
EX-31.H - EXHIBIT 31.H - PPL Corpppl-3312017_ex31h.htm
EX-31.G - EXHIBIT 31.G - PPL Corpppl-3312017_ex31g.htm
EX-31.F - EXHIBIT 31.F - PPL Corpppl-3312017_ex31f.htm
EX-31.E - EXHIBIT 31.E - PPL Corpppl-3312017_ex31e.htm
EX-31.D - EXHIBIT 31.D - PPL Corpppl-3312017_ex31d.htm
EX-31.B - EXHIBIT 31.B - PPL Corpppl-3312017_ex31b.htm
EX-31.A - EXHIBIT 31.A - PPL Corpppl-3312017_ex31a.htm
EX-12.E - EXHIBIT 12.E - PPL Corpppl-3312017_ex12e.htm
EX-12.D - EXHIBIT 12.D - PPL Corpppl-3312017_ex12d.htm
EX-12.C - EXHIBIT 12.C - PPL Corpppl-3312017_ex12c.htm
EX-12.A - EXHIBIT 12.A - PPL Corpppl-3312017_ex12a.htm
EX-10.A - EXHIBIT 10.A - PPL Corpppl-3312017_ex10a.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)
 
Three Months Ended March 31,
 
Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
Income Before Income Taxes
$
127

 
$
552

 
$
416

 
$
423

 
$
317

 
$
204

Total fixed charges as below
35

 
141

 
139

 
131

 
117

 
107

Total earnings
$
162

 
$
693

 
$
555

 
$
554

 
$
434

 
$
311

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
 
Interest charges (a)
$
34

 
$
137

 
$
135

 
$
127

 
$
113

 
$
104

Estimated interest component of operating rentals
1

 
4

 
4

 
4

 
4

 
3

Total fixed charges (b)
$
35

 
$
141

 
$
139

 
$
131

 
$
117

 
$
107

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.6

 
4.9

 
4.0

 
4.2

 
3.7

 
2.9

 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock dividend requirements on a pre-tax basis
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
6

Fixed charges, as above
35

 
141

 
139

 
131

 
117

 
107

Total fixed charges and preferred stock dividends
$
35

 
$
141

 
$
139

 
$
131

 
$
117

 
$
113

Ratio of earnings to combined fixed charges and preferred stock dividends
4.6

 
4.9

 
4.0

 
4.2

 
3.7

 
2.8


(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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