Attached files
| file | filename |
|---|---|
| EX-8.1 - EXHIBIT 8.1 - PECO ENERGY CO | ex81.htm |
| EX-5.1 - EXHIBIT 5.1 - PECO ENERGY CO | ex51peco.htm |
| EX-4.1 - EXHIBIT 4.1 - PECO ENERGY CO | ex41.htm |
| EX-1.1 - EXHIBIT 1.1 - PECO ENERGY CO | ex11.htm |
| 8-K - 8-K - PECO ENERGY CO | exc201709188k.htm |
Exhibit 12.1
PECO Energy Company | |||||||||||||||||||||
Ratio of Earnings to Combined Fixed Charges | |||||||||||||||||||||
Six Months | |||||||||||||||||||||
Ended | |||||||||||||||||||||
Years Ended December 31, | June 30, | ||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||
Pre-tax income from continuing operations before adjustment | $ | 508 | $ | 557 | $ | 466 | $ | 521 | $ | 587 | $ | 270 | |||||||||
Less: | Capitalized interest | (2 | ) | (2 | ) | (2 | ) | (2 | ) | (3 | ) | (2 | ) | ||||||||
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest | $ | 506 | $ | 555 | $ | 464 | $ | 519 | $ | 584 | $ | 268 | |||||||||
Fixed charges: | |||||||||||||||||||||
Interest expensed and capitalized, amortization of debt discount and premium on all indebtness | $ | 122 | $ | 114 | $ | 112 | $ | 114 | $ | 125 | $ | 64 | |||||||||
Interest component of rental expense (a) | 9 | 7 | 5 | 3 | 2 | 1 | |||||||||||||||
Total fixed charges | $ | 131 | $ | 121 | $ | 117 | $ | 117 | $ | 127 | $ | 65 | |||||||||
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest plus fixed charges | $ | 637 | $ | 676 | $ | 581 | $ | 636 | $ | 711 | $ | 333 | |||||||||
Ratio of earnings to combined fixed charges | 4.9 | 5.6 | 5.0 | 5.4 | 5.6 | 5.2 | |||||||||||||||
(a) | Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor. | ||||||||||||||||||||