EX-12.1 2 becoexh121.htm STATEMENT OF RATIOS Boston Edison Company Form 10-Q Exhibit 12.1 & 12.2

Exhibit 12.1

 

 

Boston Edison Company
Computation of Ratio of Earnings to Fixed Charges
Twelve Months Ended September 30, 2005
(in thousands)

 

Net income from continuing operations

  

$

130,179

Income taxes

  

 

86,863

Fixed charges (including securitization certificates)

  

 

   109,286

   Total

  

$

326,328
=======

 

 

 

 

Interest expense

  

$

86,844

Interest component of rentals

  

 

    22,442

   Total

  

$

109,286
======

 

 

 

 

Ratio of earnings to fixed charges

  

 

2.99
======

 

 

 

 

 

 


Exhibit 12.2

 

 

Boston Edison Company
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
Twelve Months Ended September 30, 2005
(in thousands)

 

 

Net income from continuing operations

  

$

130,179

Income taxes

  

 

86,863

Fixed charges (including securitization certificates)

  

 

109,286

   Total

  

$

326,328
=======

 

 

 

 

Interest expense

  

$

86,844

Interest component of rentals

  

 

    22,442

   Subtotal

  

 

109,286

Preferred stock dividend requirements

 

 

3,268

   Total

 

$

112,554
======

 

 

 

 

Ratio of earnings to fixed charges

  

 

2.90
=====