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EXHIBIT 12
CON EDISON COMPANY OF NEW YORK, INC.
RATIO TO EARNINGS TO FIXED CHARGES
(Millions of Dollars)
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FOR THE THREE FOR THE TWELVE
MONTHS ENDED MONTHS ENDED FOR THE TWELVE MONTHS ENDED DECEMBER 31,
MARCH 31, 2003 MARCH 31, 2003 2002 2001 2000
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EARNINGS
Net Income for Common Stock $ 138 $ 593 $ 605 $ 649 $ 570
Preferred Stock Dividend 3 12 13 14 14
Cumulative Effect of Changes in Accounting Principles - - - - -
(Income) or Loss from Equity Investees - 1 1 - -
Minority Interest Loss - - - - -
Income Tax 87 346 342 427 290
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Pre-Tax Income from Continuing Operations $ 228 $ 952 $ 961 $ 1,090 $ 874
Add: Fixed Charges* 99 413 408 410 392
Add: Amortization of Capitalized Interest - - - - -
Add: Distributed Income of Equity Investees - - - - -
Subtract: Interest Capitalized - - - - -
Subtract: Preferred Stock Dividend Requirement - - - - -
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EARNINGS $ 327 $ 1,365 $ 1,369 $ 1,500 $ 1,266
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* FIXED CHARGES
Interest on Long-term Debt 85 336 $ 333 $ 347 $ 319
Amortization of Debt Discount, Premium and Expense 3 13 12 13 13
Interest Capitalized - - -
Other Interest 7 50 51 32 43
Interest Component of Rentals 4 14 12 18 17
Preferred Stock Dividend Requirement - - - - -
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FIXED CHARGES $ 99 $ 413 $ 408 $ 410 $ 392
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Ratio of Earnings to Fixed Charges 3.3 3.3 3.4 3.7 3.2
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FOR THE TWELVE MONTHS
ENDED DECEMBER 31,
1999 1998
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EARNINGS
Net Income for Common Stock $ 698 $ 728
Preferred Stock Dividend 14 17
Cumulative Effect of Changes in Accounting Principles - -
(Income) or Loss from Equity Investees - 1
Minority Interest Loss - -
Income Tax 366 414
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Pre-Tax Income from Continuing Operations $ 1,078 1,160
Add: Fixed Charges* 340 346
Add: Amortization of Capitalized Interest - -
Add: Distributed Income of Equity Investees - -
Subtract: Interest Capitalized - -
Subtract: Preferred Stock Dividend Requirement - -
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EARNINGS $ 1,418 1,506
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* FIXED CHARGES
Interest on Long-term Debt $ 292 $ 295
Amortization of Debt Discount, Premium and Expense 13 14
Interest Capitalized - -
Other Interest 17 18
Interest Component of Rentals 18 19
Preferred Stock Dividend Requirement - -
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FIXED CHARGES $ 340 $ 346
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Ratio of Earnings to Fixed Charges 4.2 4.4
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