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Content analysis
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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 Years Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Net Income for Common Stock | $ | 1,058 | $ | 1,020 | $ | 1,014 | $ | 978 | $ | 893 | ||||||||||
Preferred Stock Dividend | — | — | 3 | 11 | 11 | |||||||||||||||
(Income) or Loss from Equity Investees | — | — | — | — | 2 | |||||||||||||||
Minority Interest Loss | — | — | — | — | — | |||||||||||||||
Income Tax | 555 | 520 | 529 | 558 | 495 | |||||||||||||||
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Pre-Tax Income | 1,613 | 1,540 | 1,546 | 1,547 | 1,401 | |||||||||||||||
Add: Fixed Charges* | 580 | 564 | 573 | 561 | 578 | |||||||||||||||
Add: Amortization of Capitalized Interest | — | — | — | — | — | |||||||||||||||
Add: Distributed Income of Equity Investees | — | — | — | — | — | |||||||||||||||
Subtract: Interest Capitalized | — | — | — | — | — | |||||||||||||||
Subtract: Pre-Tax Preferred Stock Dividend Requirement | — | — | — | — | — | |||||||||||||||
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Earnings | $ | 2,193 | $ | 2,104 | $ | 2,119 | $ | 2,108 | $ | 1,979 | ||||||||||
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* Fixed Charges | ||||||||||||||||||||
Interest on Long-term Debt | $ | 510 | $ | 496 | 508 | 505 | $ | 520 | ||||||||||||
Amortization of Debt Discount, Premium and Expense | 13 | 15 | 17 | 18 | 17 | |||||||||||||||
Interest Capitalized | — | — | — | — | — | |||||||||||||||
Other Interest | 15 | 11 | 22 | 16 | $ | 19 | ||||||||||||||
Interest Component of Rentals | 42 | 42 | 26 | 22 | 22 | |||||||||||||||
Pre-Tax Preferred Stock Dividend Requirement | — | — | — | — | — | |||||||||||||||
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Fixed Charges | $ | 580 | $ | 564 | $ | 573 | $ | 561 | $ | 578 | ||||||||||
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Ratio of Earnings to Fixed Charges | 3.8 | 3.7 | 3.7 | 3.8 | 3.4 | |||||||||||||||
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