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CONSOLIDATED EDISON, INC.
RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1.1
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 for Common Stock $712,742 $700,615 $582,835 $682,242 $646,036
Preferred Dividends 17,007 13,593 13,593 13,593 12,458
Income Tax 405,410 372,825 307,168 442,631 376,417
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Total Earnings Before Income Tax 1,135,159 1,087,033 903,596 1,138,466 1,034,911
FIXED CHARGES* 345,513 357,178 431,217 457,554 460,279
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Total Earnings Before Income Tax
and Fixed Charges $1,480,672 $1,444,211 $1,334,813 $1,596,020 $1,495,190
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* Fixed Charges
Interest on Long-Term Debt $294,894 $305,879 $351,410 $384,422 $373,060
Amortization of Debt Discount, Premium and Expense 13,777 13,514 12,584 12,526 12,264
Interest on Component of Rentals 18,442 17,720 17,697 18,783 13,971
Other Interest 18,400 20,065 49,526 41,823 60,984
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Total Fixed Charges $345,513 $357,178 $431,217 $457,554 $460,279
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Ratio of Earnings to Fixed Charges 4.29 4.04 3.10 3.49 3.25
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