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EXHIBIT 12.1
CONSOLIDATED EDISON, INC.
RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED
(Thousands of Dollars)
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SEPTEMBER
2002
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EARNINGS
Net Income for Common Stock $ 527,715
Preferred Dividends 9,627
Income Tax 325,902
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Total Earnings Before Federal Income Tax 863,244
FIXED CHARGES* 333,507
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Total Earnings Before Federal Income Tax
and Fixed Charges $ 1,196,751
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* Fixed Charges
Interest on Long-Term Debt $ 286,499
Amortization of Debt Discount, Premium and Expense 9,311
Interest on Component of Rentals 10,445
Other Interest 27,252
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Total Fixed Charges $ 333,507
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Ratio of Earnings to Fixed Charges 3.59
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CONSOLIDATED EDISON, INC.
RATIO OF EARNINGS TO FIXED CHARGES
TWELVE MONTHS ENDED
(Thousands of Dollars)
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<Caption>
SEPTEMBER DECEMBER
2002 2001
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EARNINGS
Net Income for Common Stock $ 652,825 $ 682,242
Preferred Dividends 13,025 13,593
Income Tax 402,043 442,631
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Total Earnings Before Federal Income Tax 1,067,893 1,138,466
FIXED CHARGES* 448,368 457,554
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Total Earnings Before Federal Income Tax
and Fixed Charges $ 1,516,261 $ 1,596,020
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* Fixed Charges
Interest on Long-Term Debt $ 382,073 $ 384,422
Amortization of Debt Discount, Premium and Expense 12,536 12,526
Interest on Component of Rentals 13,927 18,783
Other Interest 39,832 41,823
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Total Fixed Charges $ 448,368 $ 457,554
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Ratio of Earnings to Fixed Charges 3.38 3.49
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