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Exhibit 12.2
Consolidated Edison Company of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
For the Three Months Ended March 31, 2016 | For the Twelve Months Ended December 31, 2015 | For the Three Months Ended March 31, 2015 | ||||||
Earnings | ||||||||
Net Income | $310 | $1,084 | $348 | |||||
Preferred Stock Dividend | — | — | — | |||||
(Income)/Loss from Equity Investees | — | — | — | |||||
Minority Interest Loss | — | — | — | |||||
Income Tax | 180 | 574 | 192 | |||||
Pre-Tax Income | $490 | $1,658 | $540 | |||||
Add: Fixed Charges* | 160 | 629 | 156 | |||||
Add: Distributed Income of Equity Investees | — | — | — | |||||
Subtract: Interest Capitalized | — | — | — | |||||
Subtract: Pre-Tax Preferred Stock Dividend Requirement | — | — | — | |||||
Earnings | $650 | $2,287 | $696 | |||||
* Fixed Charges | ||||||||
Interest on Long-term Debt | $141 | $553 | $138 | |||||
Amortization of Debt Discount, Premium and Expense | 3 | 14 | 3 | |||||
Interest Capitalized | — | — | — | |||||
Other Interest | 5 | 19 | 4 | |||||
Interest Component of Rentals | 11 | 43 | 11 | |||||
Pre-Tax Preferred Stock Dividend Requirement | — | — | — | |||||
Fixed Charges | $160 | $629 | $156 | |||||
Ratio of Earnings to Fixed Charges | 4.1 | 3.6 | 4.5 |