EX-12 4 becoexhibit12q10303.txt BOSTON EDISON EXH. 12.1 & 12.2 Exhibit 12.1
Boston Edison Company Computation of Ratio of Earnings to Fixed Charges Twelve Months Ended March 31, 2003 (in thousands) Net income from continuing operations $ 136,257 Income taxes 93,291 Fixed charges (including securitization certificates) 117,897 Total $ 347,445 ========= Interest expense $ 98,519 Interest component of rentals 19,378 Total $ 117,897 ========= Ratio of earnings to fixed charges 2.95 ====
Exhibit 12.2 Boston Edison Company Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirements Twelve Months Ended March 31, 2003 (in thousands) Net income from continuing operations $ 136,257 Income taxes 93,291 Fixed charges (including securitization certificates) 117,897 Total $ 347,445 ======== Interest expense $ 98,519 Interest component of rentals 19,378 Subtotal 117,897 Preferred stock dividend requirements 3,302 Total $ 121,199 ======== Ratio of earnings to fixed charges 2.87 ====