EX-12.2 4 exc-20171231x10kxexh122.htm EXELON GENERATION COMPANY, LLC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit
Exhibit 12.2


Exelon Generation Company, LLC
Ratio of Earnings to Fixed Charges
 
 
Years Ended December 31,
(In millions, except ratios)
 
2013
 
2014
 
2015
 
2016
 
2017
Pre-tax income from continuing operations
 
1,675

 
1,226

 
1,850

 
873

 
1,429

Plus: Loss (income) from equity investees
 
(10
)
 
20

 
—

 
—

 
—

Less: Capitalized interest
 
(54
)
 
(63
)
 
(79
)
 
(107
)
 
(63
)
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest
 
1,611


1,183


1,771


766


1,366

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness
 
445

 
396

 
427

 
454

 
491

Interest component of rental expense(a)
 
248

 
269

 
284

 
222

 
193

Total fixed charges
 
693


665


711


676


684

Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest plus fixed charges
 
2,304


1,848


2,482


1,442


2,050

Ratio of earnings to combined fixed charges
 
3.3


2.8


3.5


2.1


3.0

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