EX-12.2 6 d354972dex122.htm EX-12.2 EX-12.2

Exhibit 12.2

Exelon Generation Company, LLC

Ratio of Earnings to Fixed Charges

 

 

     Years Ended December 31,     Quarter
Ended
March 31,
 
     2007     2008     2009     2010     2011     2012  

Pre-tax income from continuing operations

     3,387        3,388        3,555        3,150        2,827        396   

Plus: (Income) or loss from equity investees

     (1     1        3        —          1        22   

Less: Capitalized interest

     (30     (33     (49     (38     (49     (13
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest

     3,356        3,356        3,509        3,112        2,779        405   

Fixed charges:

            

Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness (a)

     196        170        162        191        219        67   

Interest component of rental expense (b)

     273        272        212        222        220        43   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     469        442        374        413        439        110   

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

     3,825        3,798        3,883        3,525        3,218        515   

Ratio of earnings to fixed charges

     8.2        8.6        10.4        8.5        7.3        4.7   

 

(a) Includes interest expense for the quarter ended March 31, 2012 of $1 million and $(5) million, $6 million, $9 million, $0 and $24 million for the years ended December 31, 2011, 2010, 2009, 2008 and 2007, respectively, related to uncertain income tax positions.
(b) Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor.