Exhibit 12.2
Consolidated Edison Company of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
For the Three | For the Twelve | For the Three | ||||||||||
Months Ended | Months Ended | Months Ended | ||||||||||
March 31, 2015 | December 31, 2014 | March 31, 2014 | ||||||||||
Earnings | ||||||||||||
Net Income for Common Stock | $ | 348 | $ | 1,058 | $ | 334 | ||||||
Preferred Stock Dividend | — | — | — | |||||||||
(Income) or Loss from Equity Investees | — | — | — | |||||||||
Minority Interest Loss | — | — | — | |||||||||
Income Tax | 192 | 555 | 184 | |||||||||
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Pre-Tax Income | 540 | 1,613 | 518 | |||||||||
Add: Fixed Charges* | 156 | 580 | 144 | |||||||||
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 | $ | 696 | $ | 2,193 | $ | 662 | ||||||
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* Fixed Charges | ||||||||||||
Interest on Long-term Debt | $ | 138 | $ | 510 | $ | 125 | ||||||
Amortization of Debt Discount, Premium and Expense | 3 | 13 | 3 | |||||||||
Interest Capitalized | — | — | — | |||||||||
Other Interest | 4 | 15 | 3 | |||||||||
Interest Component of Rentals | 11 | 42 | 13 | |||||||||
Pre-Tax Preferred Stock Dividend Requirement | — | — | — | |||||||||
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Fixed Charges | $ | 156 | $ | 580 | $ | 144 | ||||||
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Ratio of Earnings to Fixed Charges | 4.5 | 3.8 | 4.6 | |||||||||
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