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Constraining | ||
Legalese | ||
Litigous | ||
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New words:
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Removed:
accreted, assignment, assure, attrition, claim, collusion, Comanche, conventional, decommissioning, dedication, detected, documentation, EBIDTA, effected, effectuate, explanatory, freeze, grown, improper, nonrecourse, override, Plaza, post, prevented, processing, RAR, recourse, reinstated, released, remeasured, remeasurement, reversal, satisfactory, securitize, securitized, separately, South, supporting, terminable, TRE, unplanned, volumetric, withdrawal, workforce
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ONCOR ELECTRIC DELIVERY COMPANY LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Year Ended December 31, | |||||||||||||
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| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 | |||||
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| (millions of dollars, except ratios) | |||||||||||||
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Earnings: |
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Income from continuing operations |
| $ | 419 |
| $ | 431 |
| $ | 432 |
| $ | 450 |
| $ | 432 |
Add: Total federal income taxes |
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| 267 |
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| 254 |
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| 252 |
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| 278 |
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| 249 |
Fixed charges (see detail below) |
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| 358 |
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| 349 |
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| 342 |
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| 363 |
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| 386 |
Total earnings |
| $ | 1,044 |
| $ | 1,034 |
| $ | 1,026 |
| $ | 1,091 |
| $ | 1,067 |
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Fixed Charges: |
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Interest expensed and interest capitalized |
| $ | 354 |
| $ | 344 |
| $ | 338 |
| $ | 358 |
| $ | 381 |
Rentals representative of the interest factor |
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| 4 |
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| 5 |
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| 4 |
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| 5 |
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| 5 |
Total fixed charges |
| $ | 358 |
| $ | 349 |
| $ | 342 |
| $ | 363 |
| $ | 386 |
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Ratio of earnings to fixed charges |
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| 2.92 |
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| 2.96 |
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| 3.00 |
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| 3.01 |
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| 2.76 |