SCE Trust III 8-K Other Events

Exhibit 12.2

SOUTHERN CALIFORNIA EDISON COMPANY
RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
Earnings:		2009		2010	2011	2012	2013
Income from continuing operations
	before tax and noncontrolling interest	$1,620		$1,532	$1,745	$1,874	$1,279
Less: Income from equity investees		—		—	—	—	—
Income from continuing operations before income
	from equity investees, tax and noncontrolling interest	1,620		1,532	1,745	1,874	1,279
Add:
Fixed charges (see below)		462		492	523	564	580
Amortization of capitalized interest		2		2	4	2	3
Distributed income of equity investees		—		—	—	—	—
Loss of equity investees for which charges arising from
	guarantees are included in fixed charges	—		—	—	—	—
Subtract:
Interest capitalized		(4)		(7)	(4)	(8)	(6)
Noncontrolling interest of subsidiaries that have not incurred
	fixed charges - pre-tax basis	(94	)	—	—	—	—
Earnings as adjusted		$1,986		$2,019	$2,268	$2,432	$1,855
Fixed Charges (1):
Interest expenses - net of capitalized interest and AFUDC		$420		$429	$463	$499	$523
Add: AFUDC		32		43	42	40	31
Interest expenses - net of capitalized interest		452		472	505	539	554
Interest capitalized (2)		4		7	4	8	6
Interest portion of rental expense (3)		6		13	14	17	20
Preferred and preference stock dividend						—
	requirement - pre-tax basis	—		—	—	—	—
Total fixed charges		$462		$492	$523	$564	$580
Ratio		4.30		4.10	4.34	4.31	3.20
(1)	Interest expenses associated with income taxes are reflected as a component of income tax expense
	and are excluded from the determination of fixed charges.
(2)	Includes fixed charges associated with Nuclear Fuel and capitalized interest of 15.8% owned
	partnership.
(3)	Rentals include the interest factor relating to certain significant rentals plus one-third of all remaining annual rentals,
	except for amounts allocated to power purchase contracts that are classified as operating leases.