EX-12.2 12 ed-20170331xex122.htm EXHIBIT 12.2 Exhibit


Exhibit 12.2
Consolidated Edison Company of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
 
For the Three Months Ended March 31, 2017
 
For the Twelve Months Ended December 31, 2016
 
For the Three Months Ended March 31, 2016
Earnings
 
 
 
 
 
Net Income
$339

$1,056

$310
Preferred Stock Dividend
—


—


—

(Income)/Loss from Equity Investees
—


—


—

Minority Interest Loss
—


—


—

Income Tax
218

603

180
Pre-Tax Income
$557

$1,659

$490
Add: Fixed Charges*
160

634

160
Add: Distributed Income of Equity Investees
—


—


—

Subtract: Interest Capitalized
—


—


—

Subtract: Pre-Tax Preferred Stock Dividend Requirement
—


—


—

Earnings
$717

$2,293

$650
* Fixed Charges





Interest on Long-term Debt
$147

$575

$141
Amortization of Debt Discount, Premium and Expense
3

13

3
Interest Capitalized
—


—


—

Other Interest
4

19

5
Interest Component of Rentals
6

27

11
Pre-Tax Preferred Stock Dividend Requirement
—


—


—

Fixed Charges
$160

$634

$160
Ratio of Earnings to Fixed Charges
4.5

3.6

4.1