Exhibit 12(b)
ENERGY FUTURE INTERMEDIATE HOLDING COMPANY LLC (SUCCESSOR) AND
ONCOR ELECTRIC DELIVERY COMPANY LLC (PREDECESSOR)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Successor | Predecessor | ||||||||||||||||||||||
| Year Ended December 31, 2008 |
Period from October 11, 2007 through December 31, 2007 |
Period from January 1, 2007 through October 10, 2007 |
Year Ended December 31, | ||||||||||||||||||||
| 2006 | 2005 | 2004 | |||||||||||||||||||||
| (millions of dollars, except ratios) | |||||||||||||||||||||||
| EARNINGS: |
|||||||||||||||||||||||
| Income (loss) from continuing operations |
$ | (655 | ) | $ | 19 | $ | 263 | $ | 344 | $ | 351 | $ | 255 | ||||||||||
| Add: |
Total federal income taxes |
129 | 8 | 159 | 170 | 174 | 116 | ||||||||||||||||
| Fixed charges (see detail below) |
588 | 141 | 251 | 295 | 281 | 287 | |||||||||||||||||
| Total earnings |
$ | 62 | $ | 168 | $ | 673 | $ | 809 | $ | 806 | $ | 658 | |||||||||||
| FIXED CHARGES: |
|||||||||||||||||||||||
| Interest expense, excluding capitalized interest |
$ | 584 | $ | 140 | $ | 248 | $ | 292 | $ | 275 | $ | 283 | |||||||||||
| Rentals representative of the interest factor |
4 | 1 | 3 | 3 | 6 | 4 | |||||||||||||||||
| Total fixed charges |
$ | 588 | $ | 141 | $ | 251 | $ | 295 | $ | 281 | $ | 287 | |||||||||||
| RATIO OF EARNINGS TO FIXED |
— | 1.19 | 2.68 | 2.74 | 2.87 | 2.29 | |||||||||||||||||
| (a) | Fixed charges exceeded earnings by $526 million for the year ended December 31, 2008. |
| Successor | ||||||||
| Six Months Ended June 30, | ||||||||
| 2009 | 2008 | |||||||
| (millions of dollars, except ratios) | ||||||||
| EARNINGS: |
||||||||
| Income from continuing operations |
$ | 49 | $ | 83 | ||||
| Add: |
Total federal income taxes |
39 | 55 | |||||
| Fixed charges (see detail below) |
315 | 286 | ||||||
| Total earnings |
$ | 403 | $ | 424 | ||||
| FIXED CHARGES: |
||||||||
| Interest expense, excluding capitalized interest |
$ | 312 | $ | 284 | ||||
| Rentals representative of the interest factor |
3 | 2 | ||||||
| Total fixed charges |
$ | 315 | $ | 286 | ||||
| RATIO OF EARNINGS TO FIXED CHARGES |
1.28 | 1.48 | ||||||