Exhibit 12
ONCOR ELECTRIC DELIVERY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
MILLIONS OF DOLLARS
TWELVE MONTHS ENDED DECEMBER 31,
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2001 2000 1999
EARNINGS:
Net income (loss) 228 226 223
Add: Total federal income taxes (benefit) 119 120 106
Fixed charges (see detail below) 280 270 286
Preferred dividends of subsidiaries 0 0 0
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Total earnings 627 616 615
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FIXED CHARGES:
Interest expense 274 264 281
Rentals representative of the interest factor 6 6 5
Distributions on preferred trust securities of subsidiaries 0 0 0
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Fixed charges deducted from earnings 280 270 286
Preferred dividends of subsidiaries (pretax) 0 0 0
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Total fixed charges 280 270 286
Preferred dividends of registrant (pretax) 0 0 0
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Fixed charges and preferred dividends 280 270 286
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RATIO OF EARNINGS TO FIXED CHARGES 2.24 2.28 2.15
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RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED DIVIDENDS 2.24 2.28 2.15
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ONCOR ELECTRIC DELIVERY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
MILLIONS OF DOLLARS
THREE MONTHS ENDED MARCH 31,
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2002 2001
EARNINGS:
Net income (loss) 71 24
Add: Total federal income taxes (benefit) 35 10
Fixed charges (see detail below) 63 74
Preferred dividends of subsidiaries 0 0
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Total earnings 169 108
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FIXED CHARGES:
Interest expense 62 73
Rentals representative of the interest factor 1 1
Distributions on preferred trust securities of subsidiaries 0 0
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Fixed charges deducted from earnings 63 74
Preferred dividends of subsidiaries (pretax) 0 0
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Total fixed charges 63 74
Preferred dividends of registrant (pretax) 0 0
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Fixed charges and preferred dividends 63 74
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RATIO OF EARNINGS TO FIXED CHARGES 2.68 1.46
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RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED DIVIDENDS 2.68 1.46
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ONCOR ELECTRIC DELIVERY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
MILLIONS OF DOLLARS
THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30,
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2002 2001 2002 2001
EARNINGS:
Net income (loss) 65 40 136 64
Add: Total federal income taxes (benefit) 33 19 68 29
Fixed charges (see detail below) 66 72 129 146
Preferred dividends of subsidiaries 0 0 0 0
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Total earnings 164 131 333 239
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FIXED CHARGES:
Interest expense 65 70 127 143
Rentals representative of the interest factor 1 2 2 3
Distributions on preferred trust securities of subsidiaries 0 0 0 0
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Fixed charges deducted from earnings 66 72 129 146
Preferred dividends of subsidiaries (pretax) 0 0 0 0
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Total fixed charges 66 72 129 146
Preferred dividends of registrant (pretax) 0 0 0 0
-------- -------- -------- --------
Fixed charges and preferred dividends 66 72 129 146
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RATIO OF EARNINGS TO FIXED CHARGES 2.48 1.82 2.58 1.64
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RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED DIVIDENDS 2.48 1.82 2.58 1.64
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