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

Exhibit 12

SOUTHERN CALIFORNIA EDISON COMPANY
RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
														March 31,
														3 Months							12 Months
Earnings:		2010			2011			2012			2013			2013			2014				2014
Income from continuing operations
	before tax and noncontrolling interest	$	1,532		$	1,745		$	1,874		$	1,279		$	395		$	222		a	$	1,106
Less: Income from equity investees		-			-			-			-			-			-				-
Income from continuing operations before income
	from equity investees, tax and noncontrolling interest	1,532			1,745			1,874			1,279			395			222			a	1,106
Add:
Fixed charges (see below)		492			523			564			580			142			147			*	585
Amortization of capitalized interest		2			4			2			3			1			1				3
Distributed income of equity investees		-			-			-			-						-				-
Loss of equity investees for which charges arising from
	guarantees are included in fixed charges	-			-			-			-						-				-
Subtract:
Interest capitalized		(7		)	(4		)	(8		)	(6		)	(1		)	(1		)		(6		)
Preference security dividend requirements of
	consolidated subsidiaries - pre-tax basis	-			-			-			-						-				-
Noncontrolling interest of subsidiaries that have not incurred
	fixed charges - pre-tax basis	-			-			-			-						-				-
Earnings as adjusted		$	2,019		$	2,268		$	2,432		$	1,856		$	537		$	369			$	1,688
Fixed Charges (1):
Interest expenses - net of capitalized interest and AFUDC		$	429		$	463		$	499		$	523		$	126		$	136			$	533
Add: AFUDC		43			42			40			31			10			5				26
Interest expenses - net of capitalized interest		472			505			539			554			136			141				559
Interest capitalized (2)		7			4			8			6			1			1				6
Interest portion of rental expense (3)		13			14			17			20			5			5				20
Total fixed charges		$	492		$	523		$	564		$	580		$	142		$	147			$	585
Ratio		4.10			4.34			4.31			3.20			3.78			2.51				2.88
(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.