Exhibit 12.2
Consolidated Edison Company of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
For the Six Months Ended June 30, 2014 | For the Twelve Months Ended December 31, 2013 | For the Six Months Ended June 30, 2013 | ||||||||||
Earnings | ||||||||||||
Net Income for Common Stock | $ | 506 | $ | 1,020 | $ | 430 | ||||||
Preferred Stock Dividend | — | — | — | |||||||||
(Income) or Loss from Equity Investees | — | — | — | |||||||||
Minority Interest Loss | — | — | — | |||||||||
Income Tax | 262 | 520 | 209 | |||||||||
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Pre-Tax Income for Common Stock | $ | 768 | $ | 1,540 | $ | 639 | ||||||
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Add: Fixed Charges* | 286 | 564 | 279 | |||||||||
Add: Distributed Income of Equity Investees | — | — | — | |||||||||
Subtract: Interest Capitalized | — | — | — | |||||||||
Subtract: Pre-Tax Preferred Stock Dividend Requirement | — | — | — | |||||||||
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Earnings | $ | 1,054 | $ | 2,104 | $ | 918 | ||||||
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* Fixed Charges | ||||||||||||
Interest on Long-term Debt | $ | 251 | $ | 496 | $ | 248 | ||||||
Amortization of Debt Discount, Premium and Expense | 7 | 15 | 8 | |||||||||
Interest Capitalized | — | — | — | |||||||||
Other Interest | 7 | 11 | 11 | |||||||||
Interest Component of Rentals | 21 | 42 | 12 | |||||||||
Pre-Tax Preferred Stock Dividend Requirement | — | — | — | |||||||||
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Fixed Charges | $ | 286 | $ | 564 | $ | 279 | ||||||
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Ratio of Earnings to Fixed Charges | 3.7 | 3.7 | 3.3 | |||||||||
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