Exhibit (12)
Commonwealth Edison Company
Form 10-Q File No. 1-1839
Commonwealth Edison Company and Subsidiary Companies Consolidated
Computation of Ratios of Earnings to Fixed Charges
and Ratios of Earnings to Fixed Charges and
Preferred and Preference Stock Dividend Requirements
(Thousands of Dollars)
Twelve Months Ended
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Line June 30, December 31,
No. 2000 1999
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1 Net income before extraordinary items $ 785,743 $ 650,308
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2 Net provisions for income taxes and investment tax credits deferred
3 charged to-
4 Operations $ 346,406 $ 353,477
5 Other income (2,537) (25,544)
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6 $ 343,869 $ 327,933
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7 Fixed charges-
8 Interest on debt $ 535,645 $ 567,567
9 Estimated interest component of nuclear fuel and
10 other lease payments, rentals and other interest 65,980 65,705
11 Amortization of debt discount, premium and expense 9,937 10,083
12 Company-obligated mandatorily redeemable preferred securities
13 dividend requirements of subsidiary trusts holding solely the
14 Company's subordinated debt securities 29,710 29,710
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15 $ 641,272 $ 673,065
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16 Preferred and preference stock dividend requirements-
17 Provisions for preferred and preference stock dividends $ 7,655 $ 23,756
18 Taxes on income required to meet provisions for
19 preferred and preference stock dividends 5,008 15,543
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20 $ 12,663 $ 39,299
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21 Fixed charges and preferred and preference stock
22 dividend requirements $ 653,935 $ 712,364
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23 Earnings for fixed charges and preferred and preference stock
24 dividend requirements $1,770,884 $1,651,306
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25 Ratios of earnings to fixed charges (line 24 divided by line 15) 2.76 2.45
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26 Ratios of earnings to fixed charges and preferred and preference
27 stock dividend requirements (line 24 divided by line 22) 2.71 2.32
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