Exhibit (12)
Commonwealth Edison Company
Form 10-Q 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 September 30, December 31,
No. 1998 1997
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1 Net income (loss) before extraordinary item and cumulative effect of
2 change in accounting principle $ (65,071) $(160,138)
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3 Net provisions for income taxes and investment tax credits deferred
4 charged to-
5 Operations $ 327,975 $ 307,276
6 Other income (405,764) (405,819)
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7 $ (77,789) $ (98,543)
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8 Fixed charges-
9 Interest on debt $ 457,065 $ 487,749
10 Estimated interest component of nuclear fuel and
other lease payments, rentals and other interest 75,707 70,468
12 Amortization of debt discount, premium and expense 12,789 21,951
13 Company-obligated mandatorily redeemable preferred securities
14 dividend requirements of subsidiary trusts holding solely the
15 Company's subordinated debt securities 29,710 28,860
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16 $ 575,271 $ 609,028
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17 Preferred and preference stock dividend requirements-
18 Provisions for preferred and preference stock dividends $ 57,635 $ 60,486
19 Taxes on income required to meet provisions for
20 preferred and preference stock dividends 37,744 39,623
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21 $ 95,379 $ 100,109
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22 Fixed charges and preferred and preference stock
23 dividend requirements $ 670,650 $ 709,137
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24 Earned for fixed charges and preferred and preference stock
25 dividend requirements $ 432,411 $ 350,347
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26 Ratios of earnings to fixed charges (line 25 divided by line 16) 0.75 0.58
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27 Ratios of earnings to fixed charges and preferred and preference
28 stock dividend requirements (line 25 divided by line 25 divided by line 23) 0.64 0.49
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