17 
 
 
                                                       Exhibit 12.2 
 
 
                            Boston Edison Company 
              Computation of Ratio of Earnings to Fixed Charges 
                  and Preferred Stock Dividend Requirements 
                       Twelve Months Ended June 30, 1995 
                                (in thousands) 
 
 
 
                                                  
Net income from continuing operations               $127,567 
 
Income taxes                                          60,540 
 
Fixed charges                                        128,055 
                                                    -------- 
     Total                                          $316,162 
                                                    ======== 
Interest expense                                    $118,169 
Interest component of rentals                          9,886 
                                                    -------- 
     Subtotal                                        128,055 
                                                    -------- 
Preferred stock dividend requirements                 23,933 
                                                    -------- 
     Total                                          $151,988 
                                                    ======== 
Ratio of earnings to fixed charges and preferred 
stock dividend requirements                             2.08 
                                                        ====