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. 1993 1994
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1 Net income $ 112,440 $ 423,946
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2 Net provisions for income taxes and investment tax credits deferred
3 charged to-
4 Operations $ 66,406 $ 300,764
5 Cumulative effect of change in accounting for income taxes (9,738) -
6 Other income (31,655) (23,062)
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7 $ 25,013 $ 277,702
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8 Fixed charges-
9 Interest on debt $ 651,639 $ 621,909
10 Estimated interest component of nuclear fuel and
11 other lease payments, rentals and other interest 49,021 64,885
12 Amortization of debt discount, premium and expense 20,966 22,804
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13 $ 721,626 $ 709,598
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14 Preferred and preference stock dividend requirements-
15 Provisions for preferred and preference stock dividends $ 66,052 $ 64,927
16 Taxes on income required to meet provisions for
17 preferred and preference stock dividends 43,596 42,854
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18 $ 109,648 $ 107,781
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19 Fixed charges and preferred and preference stock
20 dividend requirements $ 831,274 $ 817,379
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21 Earned for fixed charges and preferred and preference stock
22 dividend requirements $ 859,079 $ 1,411,246
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23 Ratios of earnings to fixed charges (line 22 divided by line 13) 1.19 1.99
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24 Ratios of earnings to fixed charges and preferred and preference
25 stock dividend requirements (line 22 divided by line 20) 1.03 1.73
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