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CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
EXHIBIT 12.2
RATIO OF EARNINGS TO FIXED CHARGES
TWELVE MONTHS ENDED
(Thousands of Dollars)
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DECEMBER DECEMBER DECEMBER DECEMBER DECEMBER
1998 1999 2000 2001 2002
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EARNINGS
Net Income $745,140 $711,843 $583,715 $663,061 $617,840
Income Tax 414,235 366,081 289,926 427,168 341,758
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Total Earnings Before Income Tax 1,159,375 1,077,924 873,641 1,090,229 959,598
FIXED CHARGES* 345,513 340,344 392,347 409,588 408,580
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Total Earnings Before Income Tax
and Fixed Charges $1,504,888 $1,418,268 $1,265,988 $1,499,817 $1,368,178
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* Fixed Charges
Interest on Long-Term Debt $294,894 $291,747 $318,842 $347,260 $332,585
Amortization of Debt Discount, Premium and Expense 13,777 13,514 12,584 12,527 12,264
Interest on Component of Rentals 18,442 17,720 17,697 17,478 12,373
Other Interest 18,400 17,363 43,224 32,323 51,358
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Total Fixed Charges $345,513 $340,344 $392,347 $409,588 $408,580
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Ratio of Earnings to Fixed Charges 4.36 4.17 3.23 3.66 3.35
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