EX-12.(B) 3 d773377dex12b.htm EX-12.(B) EX-12.(B)

Exhibit 12(b)

ONCOR ELECTRIC DELIVERY COMPANY LLC

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(millions of dollars)

 

     Nine Months
Ended
September 30,		  
     2014      2013  

Earnings:

      

Net income from continuing operations

    $ 355       $ 329   

Add: Total federal income taxes

      222         191   

Fixed charges (see detail below)

      272         295   
  

 

 

     

 

 

  

Total earnings

    $ 849       $ 815   
  

 

 

     

 

 

  

Fixed Charges:

      

Interest expense, excluding capitalized interest

    $ 269       $ 291   

Rentals representative of the interest factor

      3         4   
  

 

 

     

 

 

  

Total fixed charges

    $ 272       $ 295   
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      3.12         2.76