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

Exhibit 12

SOUTHERN CALIFORNIA EDISON COMPANY
RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
																	6 Months			6 Months			12 Months
																	Ended			Ended			Ended
Earnings:		2008			2009			2010			2011			2012			June 30, 2012			June 30, 2013			June 30, 2013
Income from continuing operations
	before tax and noncontrolling interest	$	1,246		$	1,620		$	1,532		$	1,745		$	1,874		$	622		$	229		$	1,481
Less: Income from equity investees		—			—			—			—			—			—			—			—
Income from continuing operations before income
	from equity investees, tax and noncontrolling interest	1,246			1,620			1,532			1,745			1,874			622			229			1,481
Add:
Fixed charges (see below)		445			462			492			523			564			281			284			567
Amortization of capitalized interest		2			2			2			4			2			1			1			2
Distributed income of equity investees		—			—			—			—			—			—			—			—
Loss of equity investees for which charges arising from
	guarantees are included in fixed charges	—			—			—			—			—			—			—			—
Subtract:
Interest capitalized		(3		)	(4		)	(7		)	(4		)	(8		)	(4		)	(3		)	(7		)
Preference security dividend requirements of
	consolidated subsidiaries - pre-tax basis	—			—			—			—			—			—			—			—
Noncontrolling interest of subsidiaries that have not incurred
	fixed charges - pre-tax basis	(170		)	(94		)	—			—			—			—			—			—
Earnings as adjusted		$	1,520		$	1,986		$	2,019		$	2,268		$	2,432		$	900		$	511		$	2,043
Fixed Charges (1):
Interest expenses - net of capitalized interest and AFUDC		$	407		$	420		$	429		$	463		$	499		$	249		$	253		$	503
Add: AFUDC		27			32			43			42			40			20			18			38
Interest expenses - net of capitalized interest		434			452			472			505			539			269			271			541
Interest capitalized (2)		3			4			7			4			8			4			3			7
Interest portion of rental expense (3)		8			6			13			14			17			8			10			19
Total fixed charges		$	445		$	462		$	492		$	523		$	564		$	281		$	284		$	567
Ratio		3.42			4.30			4.10			4.34			4.31			3.20			1.80			3.60
(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.