EXHIBIT 12.2

Boston Edison Company

Consolidated Ratios of Earnings to Fixed Charges

(Dollars in Thousands)

	12 Months Ended June 30,			For the Year Ended December 31,
Fixed Charge Ratio Components	2002			2001			2000			1999			1998			1997
Pre-Tax Income from Continuing Operations:
Net Income	$	131,064		$	150,353		$	146,028		$	160,314		$	157,337		$	144,642
Tax Expense		85,017			97,574			100,898			68,564			82,639			82,455
Pre-Tax Income from Continuing Operations:		216,081			247,927			246,926			228,878			239,976			227,097
Fixed Charges:
Interest Expense		94,160			98,936			114,211			97,757			91,114			106,899
Rentals		19,033			19,033			15,100			13,400			9,784			9,359
Total Fixed Charges:		113,193			117,969			129,311			111,157			100,898			116,258
Pre-Tax Income from Continuing Operations, plus Fixed Charges	$	329,274		$	365,896		$	376,237		$	340,035		$	340,874		$	343,355
Ratio of Earnings to Fixed Charges		2.91	x		3.10	x		2.91	x		3.06	x		3.38	x		2.95	x
Securitization Interest		39,377			41,475			45,505			20,408			—			—
Ratio of Earnings to Fixed Charges Excluding Securitization Interest		3.93	x		4.24	x		3.95	x		3.52	x		3.38	x		2.95	x