EX-12.2 6 d858551dex122.htm EXELON GENERATION COMPANY, LLC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exelon Generation Company, LLC Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.2

Exelon Generation Company, LLC

Ratio of Earnings to Fixed Charges

 

     Years Ended December 31,  
     2010     2011     2012     2013     2014  

Pre-tax income from continuing operations

     3,150        2,827        1,058        1,675        1,226   

Plus: (Income) or loss from equity investees

     —          1        91        (10     20   

Less: Capitalized interest

     (38     (49     (67     (54     (63
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

     3,112        2,779        1,082        1,611        1,183   

Fixed Charges:

          

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

     191        219        402        445        396   

Interest component of rental expense (a)

     222        220        291        248        269   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     413        439        693        693        665   

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

     3,525        3,218        1,775        2,304        1,848   

Ratio of earnings to combined fixed charges

     8.5        7.3        2.6        3.3        2.8   

 

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