SOUTHERN CALIFORNIA EDISON (SCE-PN) 8-K Other Events

Exhibit 12.1

SOUTHERN CALIFORNIA EDISON COMPANY
RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED AND PREFERENCE STOCK
(Millions of Dollars)
																9 Months			9 Months			12 Months
																Ended			Ended			Ended
Earnings:	2007			2008			2009			2010			2011			September 30, 2011			September 30, 2012			September 30, 2012
Income from continuing operations
before tax and noncontrolling interest	$	1,400		$	1,246		$	1,620		$	1,532		$	1,745		$	1,378		$	1,186		$	1,553
Less: Income from equity investees	—			—			—			—			—			—			—			—
Income from continuing operations before income
from equity investees, tax and noncontrolling interest	1,400			1,246			1,620			1,532			1,745			1,378			1,186			1,553
Add:
Fixed charges (see below)	540			520			535			565			613			461			518			668
Amortization of capitalized interest	2			2			2			2			4			2			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	(3		)	(3		)	(4		)	(7		)	(4		)	(5		)	(6		)	(4		)
Preference security dividend requirement of
consolidated subsidiaries - pre-tax basis	(74		)	(75		)	(73		)	(73		)	(90		)	(69		)	(98		)	(118		)
Noncontrolling interest of subsidiaries that have not incurred
fixed charges - pre-tax basis	(305		)	(170		)	(94		)	—			—			—			—			—
Earnings as adjusted	$	1,560		$	1,520		$	1,986		$	2,019		$	2,268		$	1,767		$	1,602		$	2,102
Fixed Charges (1):
Interest expenses - net capitalized interest and AFUDC	$	429		$	407		$	420		$	429		$	463		$	344		$	373		$	492
Add: AFUDC	25			27			32			43			42			32			29			39
Interest expenses - net of capitalized interest	454			434			452			472			505			376			402			531
Interest capitalized (2)	3			3			4			7			4			5			6			4
Interest portion of rental expense (3)	9			8			6			13			14			11			12			15
Preferred and preference stock dividend
requirement - pre tax basis	74			75			73			73			90			69			98			118
Total fixed charges	$	540		$	520		$	535		$	565		$	613		$	461		$	518		$	668
Ratio	2.89			2.92			3.71			3.57			3.70			3.83			3.09			3.15
(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 fifty-percent 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.