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Exhibit 12.1
CONSOLIDATED EDISON, INC.
RATIO OF EARNINGS TO FIXED CHARGES
TWELVE MONTHS ENDED
(THOUSANDS OF DOLLARS)
| DECEMBER 1997 | DECEMBER 1998 | DECEMBER 1999 | DECEMBER 2000 | DECEMBER 2001 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings | |||||||||||||||||
Net Income for Common Stock | $ | 694,479 | $ | 712,742 | $ | 700,615 | $ | 582,835 | $ | 682,242 | |||||||
Preferred Dividends | 18,344 | 17,007 | 13,593 | 13,593 | 13,593 | ||||||||||||
Income Tax | 379,720 | 405,410 | 372,825 | 307,168 | 442,631 | ||||||||||||
Total Earnings Before Federal Income Tax | 1,092,543 | 1,135,159 | 1,087,033 | 903,596 | 1,138,466 | ||||||||||||
Fixed Charges* | 353,689 | 345,513 | 357,178 | 431,217 | 457,554 | ||||||||||||
Total Earnings Before Federal Income Tax and Fixed Charges | $ | 1,446,232 | $ | 1,480,672 | $ | 1,444,211 | $ | 1,334,813 | $ | 1,596,020 | |||||||
* Fixed Charges | |||||||||||||||||
Interest on Long-Term Debt | $ | 306,109 | $ | 294,894 | $ | 305,879 | $ | 351,410 | $ | 384,422 | |||||||
Amortization of Debt Discount, Premium and Expense | 12,049 | 13,777 | 13,514 | 12,584 | 12,526 | ||||||||||||
Interest on Component of Rentals | 18,448 | 18,442 | 17,720 | 17,697 | 18,783 | ||||||||||||
Other Interest | 17,083 | 18,400 | 20,065 | 49,526 | 41,823 | ||||||||||||
Total Fixed Charges | $ | 353,689 | $ | 345,513 | $ | 357,178 | $ | 431,217 | $ | 457,554 | |||||||
Ratio of Earnings to Fixed Charges | 4.09 | 4.29 | 4.04 | 3.10 | 3.49 |
CONSOLIDATED EDISON, INC. RATIO OF EARNINGS TO FIXED CHARGES TWELVE MONTHS ENDED (THOUSANDS OF DOLLARS)