Exhibit 12.2
| SOUTHERN CALIFORNIA EDISON COMPANY | |||||||||||||||||||||||||
| RATIOS OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||||||||
| (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) | 466 | 445 | 462 | 492 | 523 | 392 | 420 | 550 | |||||||||||||||||
| 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 | — | — | — | — | — | — | — | — | |||||||||||||||||
| 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 | |||||||||||||||||
| — | |||||||||||||||||||||||||
| Total fixed charges | 466 | 445 | 462 | 492 | 523 | 392 | 420 | 550 | |||||||||||||||||
| Ratio | 3.35 | 3.42 | 4.30 | 4.10 | 4.34 | 4.51 | 3.81 | 3.82 | |||||||||||||||||
| (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. | |||||||||||||||||||||||||