Exhibit 12(b)
ONCOR ELECTRIC DELIVERY COMPANY LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended March 31, | ||||||||
2012 | 2011 | |||||||
(millions of dollars, except ratios) | ||||||||
Earnings: | ||||||||
Net income from continuing operations | $ | 75 | $ | 65 | ||||
Add: Total federal income taxes (benefit) | 49 | 40 | ||||||
Fixed charges (see detail below) | 95 | 92 | ||||||
Total earnings | $ | 219 | $ | 197 | ||||
Fixed charges: | ||||||||
Interest expense, excluding capitalized interest | $ | 93 | $ | 90 | ||||
Rentals representative of the interest factor | 2 | 2 | ||||||
Total fixed charges | $ | 95 | $ | 92 | ||||
Ratio of earnings to fixed charges | 2.31 | 2.14 |