EX-12 2 0002.txt COMPUTATION OF RATIOS Exhibit (12) Commonwealth Edison Company Form 10-Q File No. 1-1839 Commonwealth Edison Company and Subsidiary Companies Consolidated ----------------------------------------------------------------- Computation of Ratios of Earnings to Fixed Charges and Ratios of Earnings to Fixed Charges and Preferred and Preference Stock Dividend Requirements ---------------------------------------------------- (Thousands of Dollars)
Twelve Months Ended ---------------------------- Line September 30, December 31, No. 2000 1999 ---- ------------- ------------ 1 Net income before extraordinary items $ 694,936 $ 650,308 ---------- ---------- 2 Net provisions for income taxes and investment tax credits deferred 3 charged to- 4 Operations $ 229,387 $ 353,477 5 Other income 4,725 (25,544) ---------- ---------- 6 $ 234,112 $ 327,933 ---------- ---------- 7 Fixed charges- 8 Interest on debt $ 522,321 $ 567,567 9 Estimated interest component of nuclear fuel and 10 other lease payments, rentals and other interest 64,217 65,705 11 Amortization of debt discount, premium and expense 9,499 10,083 12 Company-obligated mandatorily redeemable preferred securities 13 dividend requirements of subsidiary trusts holding solely the 14 Company's subordinated debt securities 29,710 29,710 ---------- ---------- 15 $ 625,747 $ 673,065 ---------- ---------- 16 Preferred and preference stock dividend requirements- 17 Provisions for preferred and preference stock dividends $ 6,359 $ 23,756 18 Taxes on income required to meet provisions for 19 preferred and preference stock dividends 4,160 15,543 ---------- ---------- 20 $ 10,519 $ 39,299 ---------- ---------- 21 Fixed charges and preferred and preference stock 22 dividend requirements $ 636,266 $ 712,364 ---------- ---------- 23 Earnings for fixed charges and preferred and preference stock 24 dividend requirements $1,554,795 $1,651,306 ---------- ---------- 25 Ratios of earnings to fixed charges (line 24 divided by line 15) 2.48 2.45 ==== ==== 26 Ratios of earnings to fixed charges and preferred and preference 27 stock dividend requirements (line 24 divided by line 22) 2.44 2.32 ==== ====