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Previous: COMMONWEALTH EDISON CO, 10-Q, 2000-11-08 |
Next: COMMONWEALTH EDISON CO, 10-Q, EX-23.1, 2000-11-08 |
<PAGE>
Exhibit (12)
Commonwealth Edison Company
Form 10-Q File No. 1-1839
Commonwealth Edison Company and Subsidiary Companies Consolidated
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Computation of Ratios of Earnings to Fixed Charges
and Ratios of Earnings to Fixed Charges and
Preferred and Preference Stock Dividend Requirements
----------------------------------------------------
(Thousands of Dollars)
<TABLE>
<CAPTION>
Twelve Months Ended
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Line September 30, December 31,
No. 2000 1999
---- ------------- ------------
<S> <C> <C> <C>
1 Net income before extraordinary items $ 694,936 $ 650,308
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2 Net provisions for income taxes and investment tax credits deferred
3 charged to-
4 Operations $ 229,387 $ 353,477
5 Other income 4,725 (25,544)
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6 $ 234,112 $ 327,933
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7 Fixed charges-
8 Interest on debt $ 522,321 $ 567,567
9 Estimated interest component of nuclear fuel and
10 other lease payments, rentals and other interest 64,217 65,705
11 Amortization of debt discount, premium and expense 9,499 10,083
12 Company-obligated mandatorily redeemable preferred securities
13 dividend requirements of subsidiary trusts holding solely the
14 Company's subordinated debt securities 29,710 29,710
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15 $ 625,747 $ 673,065
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16 Preferred and preference stock dividend requirements-
17 Provisions for preferred and preference stock dividends $ 6,359 $ 23,756
18 Taxes on income required to meet provisions for
19 preferred and preference stock dividends 4,160 15,543
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20 $ 10,519 $ 39,299
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21 Fixed charges and preferred and preference stock
22 dividend requirements $ 636,266 $ 712,364
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23 Earnings for fixed charges and preferred and preference stock
24 dividend requirements $1,554,795 $1,651,306
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25 Ratios of earnings to fixed charges (line 24 divided by line 15) 2.48 2.45
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26 Ratios of earnings to fixed charges and preferred and preference
27 stock dividend requirements (line 24 divided by line 22) 2.44 2.32
==== ====
</TABLE>
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