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Exhibit 12(b)
ONCOR ELECTRIC DELIVERY COMPANY LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(millions of dollars)
Nine Months Ended September 30, | ||||||||
2014 | 2013 | |||||||
Earnings: | ||||||||
Net income from continuing operations | $ | 355 | $ | 329 | ||||
Add: Total federal income taxes | 222 | 191 | ||||||
Fixed charges (see detail below) | 272 | 295 | ||||||
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Total earnings | $ | 849 | $ | 815 | ||||
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Fixed Charges: | ||||||||
Interest expense, excluding capitalized interest | $ | 269 | $ | 291 | ||||
Rentals representative of the interest factor | 3 | 4 | ||||||
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Total fixed charges | $ | 272 | $ | 295 | ||||
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Ratio of earnings to fixed charges | 3.12 | 2.76 |