Exhibit 12.6

Pepco Holdings LLC and Subsidiary Companies

Ratio of Earnings to Fixed Charges

	Predecessor															Successor
	Years Ended December 31,
	2012			2013			2014			2015			January 1, 2016 to March 23, 2016			March 24, 2016 to December 31, 2016
Pre-tax income from continuing operations		344			304			380			481			36			(58	)
Plus: (Income) loss from equity investees		(1	)		(2	)		—			—			—			—
Less: Capitalized interest		(3	)		(2	)		(3	)		(2	)		(3	)		(12	)
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest		340			300			377			479			33			(70	)
Fixed Charges:
Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness		265			279			276			288			69			210
Interest component of rental expense (a)		21			22			24			24			4			16
Total fixed charges		286			301			300			312			73			226
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest plus fixed charges		626			601			677			791			106			156
Ratio of earnings to fixed charges		2.2			2.0			2.3			2.5			1.5			0.7	(b)

(a) Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor.

(b) The ratio coverage was less than 1:1. The registrant must generate additional earnings of $70 million to achieve a coverage ratio of 1:1.