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New words:
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Removed:
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Filing tables
Filing exhibits
- 10-K Annual report
- 4.4 Exhibit 4.4
- 10.30 Exhibit 10.30
- 10.34 Exhibit 10.34
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 12.4 Exhibit 12.4
- 21 Exhibit 21
- 23.1 Exhibit 23.1
- 23.2 Exhibit 23.2
- 23.3 Exhibit 23.3
- 23.4 Exhibit 23.4
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 31.3 Exhibit 31.3
- 31.4 Exhibit 31.4
- 31.5 Exhibit 31.5
- 31.6 Exhibit 31.6
- 31.7 Exhibit 31.7
- 31.8 Exhibit 31.8
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
- 32.3 Exhibit 32.3
- 32.4 Exhibit 32.4
- PDF Form 10-K
Related press release
Pepco similar filings
Filing view
External links
Exhibit 12.3Statements Re: Computation of Ratios
DELMARVA POWER & LIGHT COMPANY
For the Year Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
(millions of dollars) | ||||||||||||||||||||
Net income | $ | 45 | $ | 52 | $ | 68 | $ | 45 | $ | 43 | ||||||||||
Income tax expense (a) | 31 | 16 | 45 | 37 | 32 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest on long-term debt, amortization of discount, premium and expense | 46 | 45 | 41 | 44 | 41 | |||||||||||||||
Other interest | 2 | 2 | 2 | 2 | 3 | |||||||||||||||
Total fixed charges | 48 | 47 | 43 | 46 | 44 | |||||||||||||||
Income before income tax expense and fixed charges | $ | 124 | $ | 115 | $ | 156 | $ | 128 | $ | 119 | ||||||||||
Ratio of earnings to fixed charges | 2.58 | 2.45 | 3.63 | 2.78 | 2.70 | |||||||||||||||
Total fixed charges, shown above | 48 | 47 | 43 | 46 | 44 | |||||||||||||||
Preferred dividend requirements, adjusted to a pre-tax amount | — | — | — | — | 1 | |||||||||||||||
Total fixed charges and preferred dividends | $ | 48 | $ | 47 | $ | 43 | $ | 46 | $ | 45 | ||||||||||
Ratio of earnings to fixed charges and preferred dividends | 2.58 | 2.45 | 3.63 | 2.78 | 2.62 | |||||||||||||||
(a) | Concurrent with the adoption of FIN 48 in 2007, amount includes interest on uncertain tax positions. |