CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. RATIO OF EARNINGS TO FIXED CHARGES TWELVE MONTHS ENDED (Thousands of Dollars) MARCH MARCH 2000 1999 ---------- ---------- EARNINGS Net Income $ 708,108 $ 752,011 Federal Income Tax 357,604 424,515 ---------- ---------- Total Earnings Before Federal Income Tax 1,065,712 1,176,526 FIXED CHARGES* 347,937 345,739 ---------- ---------- Total Earnings Before Federal Income Tax and Fixed Charges $1,413,649 $1,522,265 ========== ========== * Fixed Charges Interest on Long-Term Debt $ 292,921 $ 291,664 Amortization of Debt Discount, Premium and Expense 13,246 13,791 Interest Component of Rentals 17,770 18,297 Other Interest 24,000 21,987 ---------- ---------- Total Fixed Charges $ 347,937 $ 345,739 ========== ========== Ratio of Earnings to Fixed Charges 4.06 4.40