Exhibit 12.2
Consolidated Edison Company of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
For the Six Months Ended June 30, 2012 |
For the Twelve Months Ended December 31, 2011 |
For the Six Months Ended June 30, 2011 |
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Earnings |
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Net Income for Common Stock |
$436 | $ 978 | $426 | |||||||||
Preferred Stock Dividend |
3 | 11 | 6 | |||||||||
(Income) or Loss from Equity Investees |
— | — | — | |||||||||
Minority Interest Loss |
— | — | — | |||||||||
Income Tax |
209 | 558 | 220 | |||||||||
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Pre-Tax Income for Common Stock |
$648 | $1,547 | $652 | |||||||||
Add: Fixed Charges* |
287 | 561 | 284 | |||||||||
Add: Distributed Income of Equity Investees |
— | — | — | |||||||||
Subtract: Interest Capitalized |
— | — | — | |||||||||
Subtract: Pre-Tax Preferred Stock Dividend Requirement |
— | — | — | |||||||||
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Earnings |
$935 | $2,108 | $936 | |||||||||
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* Fixed Charges |
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Interest on Long-term Debt |
$256 | $ 505 | $253 | |||||||||
Amortization of Debt Discount, Premium and Expense |
10 | 18 | 10 | |||||||||
Interest Capitalized |
— | — | — | |||||||||
Other Interest |
10 | 16 | 10 | |||||||||
Interest Component of Rentals |
11 | 22 | 11 | |||||||||
Pre-Tax Preferred Stock Dividend Requirement |
— | — | — | |||||||||
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Fixed Charges |
$287 | $ 561 | $284 | |||||||||
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Ratio of Earnings to Fixed Charges |
3.3 | 3.8 | 3.3 | |||||||||
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