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Exhibit 12.2
CONSOLIDATED EDISON COMPANY OF NEW YORK, 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 | $ | 712,823 | $ | 745,140 | $ | 711,843 | $ | 583,715 | $ | 663,061 | |||||||
Income Tax | 379,720 | 414,235 | 366,081 | 289,926 | 427,168 | ||||||||||||
Total Earnings Before Income Tax | 1,092,543 | 1,159,375 | 1,077,924 | 873,641 | 1,090,229 | ||||||||||||
Fixed Charges* | 353,689 | 345,513 | 340,344 | 392,347 | 409,588 | ||||||||||||
Total Earnings Before Income Tax and Fixed Charges | $ | 1,446,232 | $ | 1,504,888 | $ | 1,418,268 | $ | 1,265,988 | $ | 1,499,817 | |||||||
* Fixed Charges | |||||||||||||||||
Interest on Long-Term Debt | $ | 306,109 | $ | 294,894 | $ | 291,747 | $ | 318,842 | $ | 347,260 | |||||||
Amortization of Debt Discount, Premium and Expense | 12,049 | 13,777 | 13,514 | 12,584 | 12,527 | ||||||||||||
Interest on Component of Rentals | 18,448 | 18,442 | 17,720 | 17,697 | 17,478 | ||||||||||||
Other Interest | 17,083 | 18,400 | 17,363 | 43,224 | 32,323 | ||||||||||||
Total Fixed Charges | $ | 353,689 | $ | 345,513 | $ | 340,344 | $ | 392,347 | $ | 409,588 | |||||||
Ratio of Earnings to Fixed Charges | 4.09 | 4.36 | 4.17 | 3.23 | 3.66 |
CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. RATIO OF EARNINGS TO FIXED CHARGES TWELVE MONTHS ENDED (THOUSANDS OF DOLLARS)