SOUTHERN CALIFORNIA EDISON (SCE-PN) S-3ASR Automatic shelf registration

Exhibit 12.1

SOUTHERN CALIFORNIA EDISON COMPANY
RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED AND PREFERENCE STOCK
(in millions, except Ratio)																	Six Months Ended in June 30,
Earnings:		2013			2014			2015			2016			2017			2018
Income from continuing operations
	before tax and noncontrolling interest	$	1,279		$	2,039		$	1,618		$	1,755		$	1,106		$	635
Less: Income from equity investees		—			—			—			—						—
Income from continuing operations before income
	from equity investees, tax and noncontrolling interest	1,279			2,039			1,618			1,755			1,106			635
Add:
Fixed charges (see below)		708			727			742			725			751			405
Amortization of capitalized interest (3)		3			1			—			—						—
Distributed income of equity investees		—			—			—			—						—
Loss of equity investees for which charges arising from
	guarantees are included in fixed charges	—			—			—			—						—
Subtract:
Interest capitalized		(6		)	(2		)	(1		)	(1		)	(1		)	(1		)
Preference security dividend requirements of
	consolidated subsidiaries - pre-tax basis	(128		)	(146		)	(165		)	(144		)	(121		)	(59		)
Noncontrolling interest of subsidiaries that have not incurred
	fixed charges - pre-tax basis	—			—			—			—						—
Earnings as adjusted		$	1,856		$	2,619		$	2,194		$	2,335		$	1,735		$	980
		—			—
Fixed Charges:
Interest expenses - net of capitalized interest and AFUDC		$	523		$	533		$	526		$	541		$	589		$	319
Add: AFUDC		31			25			31			23			28			21
Interest expenses - net of capitalized interest		554			558			557			564			617			340
Interest capitalized (1)		6			2			1			1			1			1
Interest portion of rental expense (2)		20			21			19			16			12			5
Preferred and preference stock dividend
	requirement - pre-tax basis	128			146			165			144			121			59
Total fixed charges		$	708		$	727		$	742		$	725		$	751		$	405
Ratio		2.62			3.60			2.96			3.22			2.31			2.42
(1)	Includes fixed charges associated with Nuclear Fuel.
(2)	Rentals include the interest factor relating to certain significant rentals plus one-third of all remaining annual rentals.
(3)	Based on guidance, no amortization of capitalized interest is required to be included in calculation of earnings for utility industry after 2015.

Exhibit 12.1