EX-12 3 becoexhibit122001.txt EXHIBIT 12 RATIOS Exhibit 12.1 Boston Edison Company Computation of Ratio of Earnings to Fixed Charges Twelve Months Ended December 31, 2001 (in thousands)
Net income from continuing operations $ 150,353 Income taxes 93,967 Fixed charges (including securitization 117,969 certificates) Total $ 362,289 ======== Interest expense $ 98,936 Interest component of rentals 19,033 Total $ 117,969 ======== Ratio of earnings to fixed charges 3.07 ====
Exhibit 12.2 Boston Edison Company Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirements Twelve Months Ended December 31, 2001 (in thousands)
Net income from continuing operations $ 150,353 Income taxes 93,967 Fixed charges (including securitization 117,969 certificates) Total $ 362,289 ======== Interest expense $ 98,936 Interest component of rentals 19,033 Subtotal $ 117,969 ======== Preferred stock dividend requirements 9,144 Total $ 127,113 ======== Ratio of earnings to fixed charges 2.85 ====