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Exhibit 12.1
Consolidated Edison, Inc.
RATIO OF EARNINGS TO FIXED CHARGES
FOR SIX MONTHS ENDED JUNE 30, 2002
| EARNINGS | |||||
| Net Income | $ | 270,982 | |||
| Income tax | 154,404 | ||||
| Total Earnings before Income tax | 425,386 | ||||
FIXED CHARGES* | 218,800 | ||||
| Total Earnings before Income tax and fixed charges | $ | 644,186 | |||
*Fixed Charges | |||||
| Interest on Long-Term Debt | $ | 193,190 | |||
| Other Interest | 18,768 | ||||
| Interest on Component of Rentals | 6,842 | ||||
| Total Fixed Charges | $ | 218,800 | |||
| Ratio of Earnings To Fixed Charges | 2.94 | ||||
Consolidated Edison, Inc.
RATIO OF EARNINGS TO FIXED CHARGES
TWELVE MONTHS ENDED
(THOUSANDS OF DOLLARS)
| | June 2002 | December 2001 | ||||||
|---|---|---|---|---|---|---|---|---|
| | ||||||||
| EARNINGS | ||||||||
| Net Income for Common Stock | $ | 666,637 | $ | 682,242 | ||||
| Preferred Dividends | 13,593 | 13,593 | ||||||
| Income Tax | 400,384 | 442,631 | ||||||
| Total Earnings Before Federal Income Tax | 1,080,614 | 1,138,466 | ||||||
FIXED CHARGES* | 446,828 | 457,554 | ||||||
| Total Earnings Before Federal Income Tax and Fixed Charges | $ | 1,527,442 | $ | 1,596,020 | ||||
*Fixed Charges | ||||||||
| Interest on Long-Term Debt | $ | 379,896 | $ | 384,422 | ||||
| Amortization of Debt Discount, Premium and Expense | 12,681 | 12,526 | ||||||
| Interest on Component of Rentals | 13,684 | 18,783 | ||||||
| Other Interest | 40,567 | 41,823 | ||||||
| Total Fixed Charges | $ | 446,828 | $ | 457,554 | ||||
| Ratio of Earnings to Fixed Charges | 3.42 | 3.49 | ||||||
Consolidated Edison, Inc. RATIO OF EARNINGS TO FIXED CHARGES FOR SIX MONTHS ENDED JUNE 30, 2002
Consolidated Edison, Inc. RATIO OF EARNINGS TO FIXED CHARGES TWELVE MONTHS ENDED (THOUSANDS OF DOLLARS)