EX-12.2 4 dex122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR GENERATION Computation of ratio of earnings to fixed charges for Generation

Exhibit 12.2

Exelon Generation Company, LLC

Ratio of Earnings to Fixed Charges

 

     Years Ended December 31,  
     2005     2006     2007     2008     2009  

Pre-tax income from continuing operations before adjustment for income or loss from equity investees and minority interest

   1,818      2,269      3,387      3,388      3,555   

Plus: (Income) or loss from equity investees

   1      9      (1   1      3   

Less: Capitalized interest

   (12   (21   (30   (33   (49
                              

Pre-tax income from continuing operations after adjustment for income or loss from equity investees, minority interest and capitalized interest

   1,807      2,257      3,356      3,356      3,509   

Fixed charges:

          

Interest expensed and capitalized, amortization of debt discount and premium on all indebtness

   140      180      196      170      162  (a) 

Interest component of rental expense (b)

   266      242      273      272      212   
                              

Total fixed charges

   406      422      469      442      374   

Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest plus fixed charges

   2,213      2,679      3,825      3,798      3,883   

Ratio of earnings to fixed charges

   5.5      6.3      8.2      8.6      10.4   

 

(a) Includes interest expense of $9 million, $0 and $24 million for the years ended December 31, 2009, 2008 and 2007, respectively, related to uncertain income tax positions.
(b) Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor.