Exhibit 12
TXU ENERGY COMPANY LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31,
------------------------------------------------
2003 2002 2001(a) 2000
---- ---- ------- ----
Millions of Dollars, Except Ratios
EARNINGS:
Income from continuing operations before
extraordinary loss and cumulative effect of
changes in accounting principles $ 493 $ 319 $ 577 $ 568
Add: Total federal income taxes 229 117 242 222
Fixed charges (see detail below) 375 267 277 299
------ ----- ------ ------
Total earnings $1,097 $ 703 $1,096 $1,089
====== ===== ====== ======
FIXED CHARGES:
Interest expense, excluding capitalized interest $ 330 $ 221 $ 236 $ 261
Rentals representative of the interest factor 45 46 41 38
------ ----- ------ ------
Total fixed charges 375 267 277 299
====== ===== ====== ======
RATIO OF EARNINGS TO FIXED CHARGES 2.93 2.63 3.96 3.64
==== ==== ==== ====
(a) Reflects a reclassification of $149 million pretax ($97 million after-tax)
of extraordinary loss on extinguishment of debt to Other Deductions and
Income Tax Expense as a result of the implementation of SFAS No. 145.