Baltimore Gas & Electric 10-K2007 FY Annual report

Filed: 27 Feb 08, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Good

New words: andDetermination, andRegulated, assest, attestation, automated, behavior, BondCo, borne, byproduct, CEI, Cherokee, chose, civilian, coalbed, colluding, Colver, Commerce, comparison, conditioner, CONE, constitutionality, Creek, deceptive, decree, deliberately, deliverable, denied, dissolved, drinking, east, EDF, Electricite, electronically, emitting, engineering, essentially, feasible, fell, fly, foster, France, gave, hierarchy, Hillabee, hired, inFinancial, input, intimidate, ISO, Issuer, lender, levied, LIPA, methane, mid, noncash, noncontrolling, nonfinancial, opacity, ourCompetitive, ourCritical, overturning, Panther, penalty, perspective, pilot, political, population, preexisting, programmable, Puna, reacquisition, ready, reallocate, reallocation, reassessed, Reauthorization, recalibrate, rejecting, renovated, renovating, renovation, rent, reputational, reregulation, RPM, RSB, run, SA, sewage, shipping, shortage, southeast, statewide, stimulated, struck, tampering, theLiquidity, theSecurity, unbilled, underRelated, underStock, unobservable, vicinity, view, Watch

Removed: abuse, accelerate, AEP, Appointment, Assembly, Bulletin, canceled, CCG, certification, conspiracy, CPUC, curtailed, decided, desire, dismissal, enriched, escalation, exit, expectation, fewer, Follin, inflationary, invoked, lack, lapsed, lending, lesser, mine, minimal, motion, NewEnergy, occupy, Orion, plaintiff, platform, question, receiving, reclamation, renewed, sector, Sherman, Smith, standalone, stay, steam, subsidize, Tacoma, unknown, unlawful, voluntarily, Washington, withdrawn

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

Baltimore Gas & Electric similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

QuickLinks -- Click here to rapidly navigate through this document

Exhibit 12(a)

CONSTELLATION ENERGY GROUP, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

		12 Months Ended
		December 2007		December 2006		December 2005		December 2004		December 2003
		(In millions)
Income from Continuing Operations (Before Extraordinary Loss and Cumulative Effects of Changes in Accounting Principles)		$	822.4	$	748.6	$	535.9	$	498.4	$	409.4
Taxes on Income, Including Tax Effect for BGE Preference Stock Dividends			419.2		343.1		155.4		110.2		213.7

Adjusted Income		$	1,241.6	$	1,091.7	$	691.3	$	608.6	$	623.1

Fixed Charges:
	Interest and Amortization of Debt Discount and Expense and Premium on all Indebtedness, net of amounts capitalized	$	292.8	$	315.9	$	297.6	$	315.9	$	325.6
	Earnings Required for BGE Preference Stock Dividends		22.3		21.1		21.6		21.4		21.7
	Capitalized Interest and Allowance for Funds Used During Construction		19.4		13.7		9.9		9.7		11.7
	Interest Factor in Rentals		96.7		4.5		6.1		4.1		3.5

	Total Fixed Charges	$	431.2	$	355.2	$	335.2	$	351.1	$	362.5

Amortization of Capitalized Interest		$	3.5	$	4.3	$	3.7	$	2.8	$	2.4

Earnings (1)		$	1,656.9	$	1,437.5	$	1,020.3	$	952.8	$	976.3

Ratio of Earnings to Fixed Charges			3.84		4.05		3.04		2.71		2.69

(1): Earnings are deemed to consist of income from continuing operations (before extraordinary items, cumulative effects of changes in accounting principles, and income (loss) from discontinued operations) that includes earnings of Constellation Energy's consolidated subsidiaries, equity in the net income of unconsolidated subsidiaries, income taxes (including deferred income taxes, investment tax credit adjustments, and the tax effect of BGE's preference stock dividends), and fixed charges (including the amortization of capitalized interest but excluding the capitalization of interest).

QuickLinks

Exhibit 12(a)

CONSTELLATION ENERGY GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.