Exhibit 12.2
| SOUTHERN CALIFORNIA EDISON COMPANY | ||||||||||||||
| RATIOS OF EARNINGS TO FIXED CHARGES | ||||||||||||||
| (Millions of Dollars) | ||||||||||||||
| Earnings: | 2007 | 2008 | 2009 | 2010 | 2011 | |||||||||
| Income from continuing operations | ||||||||||||||
| before tax and noncontrolling interest | 1,400 | 1,246 | 1,620 | 1,532 | 1,745 | |||||||||
| 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 | |||||||||
| Add: | ||||||||||||||
| Fixed charges (see below) | 466 | 445 | 462 | 492 | 523 | |||||||||
| Amortization of capitalized interest | 2 | 2 | 2 | 2 | 4 | |||||||||
| 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) | |||||||||
| Preference security dividend requirements 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 | |||||||||
| Fixed Charges (1): | ||||||||||||||
| Interest expenses - net of capitalized interest and AFUDC | 429 | 407 | 420 | 429 | 463 | |||||||||
| Add: AFUDC | 25 | 27 | 32 | 43 | 42 | |||||||||
| Interest expenses - net of capitalized interest | 454 | 434 | 452 | 472 | 505 | |||||||||
| Interest capitalized (2) | 3 | 3 | 4 | 7 | 4 | |||||||||
| Interest portion of rental expense (3) | 9 | 8 | 6 | 13 | 14 | |||||||||
| Preferred and preference stock dividend | ||||||||||||||
| requirement - pre-tax basis | - | - | - | - | - | |||||||||
| Total fixed charges | 466 | 445 | 462 | 492 | 523 | |||||||||
| Ratio | 3.35 | 3.42 | 4.30 | 4.10 | 4.34 | |||||||||
| (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. | ||||||||||||||