ComEd 2015 Annual Report Download - page 581

Exhibit 12.2
Exelon Generation Company, LLC
Ratio of Earnings to Fixed Charges
Years Ended December 31,
2011 2012 2013 2014 2015
Pre-tax income from continuing operations 2,827 1,058 1,675 1,226 1,850
Plus: (Income) or loss from equity investees 1 91 (10) 20 —
Less: Capitalized interest (49) (67) (54) (63) (79)
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and
capitalized interest 2,779 1,082 1,611 1,183 1,771
Fixed Charges:
Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness 219 402 445 396 427
Interest component of rental expense (a) 220 291 248 269 284
Total fixed charges 439 693 693 665 711
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and
capitalized interest plus fixed charges 3,218 1,775 2,304 1,848 2,482
Ratio of earnings to combined fixed charges 7.3 2.6 3.3 2.8 3.5
(a) Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor.
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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