EX-12.A 8 d257198dex12a.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

EXHIBIT 12a

PSEG POWER LLC

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

     For the Years Ended  
     December 31,  
     2011     2010     2009     2008     2007  
     (Millions, except ratios)  

Earnings as Defined in Regulation S-K (A):

           

Pre-tax Income from Continuing Operations

    $ 1,687      $ 1,914      $ 1,958      $ 1,711      $ 1,590   

Fixed Charges

      208        238        221        210        193   

Capitalized Interest

      (10 )      (63 )      (43 )      (31 )      (23 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Earnings

    $ 1,885      $ 2,089      $ 2,136      $ 1,890      $ 1,760   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges as Defined in Regulation S-K (B)

           

Interest Expense

    $ 205      $ 235      $ 219      $ 208      $ 192   

Interest Factor in Rentals

      3        3        2        2        1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

    $ 208      $ 238      $ 221      $ 210      $ 193   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      9.06        8.78        9.67        9.00        9.12   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(A) The term “earnings” shall be defined as pre-tax Income from Continuing Operations. Add to pre-tax income the amount of fixed charges adjusted to exclude the amount of any interest capitalized during the period.
(B) Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense and (c) an estimate of interest implicit in rentals.