Exhibit 12.2
Consolidated Edison of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
For the Three Months Ended March 31, 2013 | For the Twelve Months Ended December 31, 2012 | For the Three Months Ended March 31, 2012 | ||||||||||
Earnings | ||||||||||||
Net Income for Common Stock | $277 | $1,014 | $273 | |||||||||
Preferred Stock Dividend | — | 3 | 3 | |||||||||
(Income) or Loss from Equity Investees | — | — | — | |||||||||
Minority Interest Loss | — | — | — | |||||||||
Income Tax | 152 | 529 | 134 | |||||||||
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Pre-Tax Income for Common Stock | $429 | $1,546 | $410 | |||||||||
Add: Fixed Charges* | 138 | 573 | 141 | |||||||||
Add: Distributed Income of Equity Investees | — | — | — | |||||||||
Subtract: Interest Capitalized | — | — | — | |||||||||
Subtract: Pre-Tax Preferred Stock Dividend Requirement | — | — | — | |||||||||
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Earnings | $567 | $2,119 | $551 | |||||||||
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* Fixed Charges | ||||||||||||
Interest on Long-term Debt | $123 | $ 508 | $127 | |||||||||
Amortization of Debt Discount, Premium and Expense | 4 | 17 | 4 | |||||||||
Interest Capitalized | — | — | — | |||||||||
Other Interest | 5 | 22 | 5 | |||||||||
Interest Component of Rentals | 6 | 26 | 5 | |||||||||
Pre-Tax Preferred Stock Dividend Requirement | — | — | — | |||||||||
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Fixed Charges | $138 | $ 573 | $141 | |||||||||
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Ratio of Earnings to Fixed Charges | 4.1 | 3.7 | 3.9 | |||||||||
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