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Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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- 10-Q Quarterly report
- 12 Exhibit 12
- 12 Exhibit 12-1
- 12 Exhibit 12-2
- 12 Exhibit 12-3
- 12 Exhibit 12-4
- 31 Exhibit 31
- 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
- 32 Exhibit 32
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
- 32.3 Exhibit 32.3
- 32.4 Exhibit 32.4
- 32.5 Exhibit 32.5
- 32.6 Exhibit 32.6
- 32.7 Exhibit 32.7
EXHIBIT 12.3
PSEG POWER LLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
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| For the Six Months |
| For the Years Ended |
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| 2003 |
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| 1998 |
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| (Millions, except ratios) |
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Earnings as Defined in Regulation S-K (A): |
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Pre-tax Income from Continuing Operations |
| $ | 483 |
| $ | 345 |
| $ | 781 |
| $ | 644 |
| $ | 521 |
| $ | 807 |
| $ | 393 |
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Fixed Charges |
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| 116 |
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| 100 |
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| 221 |
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| 213 |
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| 210 |
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| 126 |
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| 248 |
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Capitalized Interest |
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| (59 | ) |
| (43 | ) |
| (97 | ) |
| (63 | ) |
| (12 | ) |
| (2 | ) |
| (7 | ) |
Preferred Stock Dividend Requirements |
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| — |
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| — |
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| — |
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| — |
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| — |
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| (12 | ) |
| (25 | ) |
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Earnings |
| $ | 540 |
| $ | 402 |
| $ | 905 |
| $ | 794 |
| $ | 719 |
| $ | 919 |
| $ | 609 |
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Fixed Charges as Defined in Regulation S-K (B) |
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Interest Expense |
| $ | 115 |
| $ | 99 |
| $ | 219 |
| $ | 206 |
| $ | 210 |
| $ | 114 |
| $ | 223 |
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Interest Factor in Rentals |
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| 1 |
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| 1 |
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| 2 |
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| 7 |
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| — |
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| — |
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Preferred Securities Dividends Requirements of Subsidiaries |
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| — |
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| — |
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| — |
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| — |
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| 12 |
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| 25 |
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Total Fixed Charges |
| $ | 116 |
| $ | 100 |
| $ | 221 |
| $ | 213 |
| $ | 210 |
| $ | 126 |
| $ | 248 |
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Ratio of Earnings to Fixed Charges |
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| 4.66 |
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| 4.02 |
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| 4.10 |
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| 3.73 |
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| 3.42 |
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| 7.29 |
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| 2.46 |
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(A)
The term “earnings” shall be defined as pretax income from continuing operations. Add to pretax income the amount of fixed charges adjusted to exclude the amount of any interest capitalized during the period.
(B)
Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense and (c) an estimate of interest implicit in rentals.