Exhibit 12.2

Boston Edison Company

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

Twelve Months Ended December 31, 2004

(in thousands)

Net income from continuing operations	$	134,130
Income taxes		89,997
Fixed charges (including securitization certificates)		106,282
Total	$	330,409
Interest expense	$	83,838
Interest component of rentals		22,444
Subtotal		106,282
Preferred stock dividend requirements		3,275
Total	$	109,557
Ratio of earnings to fixed charges		3.02