Exhibit 12.2
Consolidated Edison Company of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
For the Nine Months Ended September 30, 2011 | For the Twelve Months Ended December 31, 2010 | For the Nine Months Ended September 30, 2010 | ||||||||||
Earnings | ||||||||||||
Net income for common stock | $ | 779 | $ | 893 | $ | 709 | ||||||
Preferred stock dividend | 8 | 11 | 8 | |||||||||
(Income) or loss from equity investees | — | 2 | — | |||||||||
Minority interest loss | — | — | — | |||||||||
Income tax | 425 | 495 | 404 | |||||||||
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Pre-tax income for common stock | $ | 1,212 | $ | 1,401 | $ | 1,121 | ||||||
Add: Fixed charges* | 422 | 578 | 435 | |||||||||
Add: Distributed income of equity investees | — | — | — | |||||||||
Subtract: Interest capitalized | — | — | — | |||||||||
Subtract: Pre-tax preferred stock dividend requirement | — | — | — | |||||||||
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Earnings | $ | 1,634 | $ | 1,979 | $ | 1,556 | ||||||
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* Fixed charges | ||||||||||||
Interest on long-term debt | $ | 379 | $ | 520 | $ | 393 | ||||||
Amortization of debt discount, premium and expense | 14 | 17 | 13 | |||||||||
Interest capitalized | — | — | — | |||||||||
Other interest | 13 | 19 | 14 | |||||||||
Interest component of rentals | 16 | 22 | 15 | |||||||||
Pre-tax preferred stock dividend requirement | — | — | — | |||||||||
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Fixed charges | $ | 422 | $ | 578 | $ | 435 | ||||||
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Ratio of Earnings to Fixed Charges | 3.9 | 3.4 | 3.6 | |||||||||
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