Exhibit (12)
Commonwealth Edison Company
Form 10-K File No. 1-1839
Commonwealth Edison Company and Subsidiary Companies Consolidated
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Computation of Ratios of Earnings to Fixed Charges
and Ratios of Earnings to Fixed Charges and
Preferred and Preference Stock Dividend Requirements
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- Thousands of Dollars -
Twelve Months Ended
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Line December 31, December 31,
No. 1992 1993
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1 Net income $ 513,981 $112,440
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2 Net provisions for income taxes and investment
3 tax credits deferred charged to-
4 Operations $ 272,547 $ 65,827
5 Cumulative effect of change in accounting for income taxes - (9,738)
6 Other income (6,549) (30,753)
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7 $ 265,998 $ 25,336
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8 Fixed charges-
9 Interest on debt $ 661,348 $651,639
10 Estimated interest component of nuclear fuel and
11 other lease payments, rentals and other interest 53,348 49,021
12 Amortization of debt discount, premium and expense 20,178 20,966
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13 $ 734,874 $721,626
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14 Preferred and preference stock dividend requirements-
15 Provisions for preferred and preference stock dividends $ 70,539 $ 66,052
16 Taxes on income required to meet provisions for
17 preferred and preference stock dividends 44,646 43,596
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18 $ 115,185 $109,648
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19 Fixed charges and preferred and preference stock
20 dividend requirements $ 850,059 $831,274
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21 Earned for fixed charges and preferred and preference stock
22 dividend requirements $1,514,853 $859,402
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23 Ratios of earnings to fixed charges (line 22 divided by line 13) 2.06 1.19
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24 Ratios of earnings to fixed charges and preferred
25 and preference stock dividend requirements (line 22 divided by line 20) 1.78 1.03
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