EX-12.2 5 0005.txt EX-12.2 TO FORM 10-K CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. Ratio of Earnings to Fixed Charges Twelve Months Ended (Thousands of Dollars)
DECEMBER DECEMBER DECEMBER DECEMBER DECEMBER 1996 1997 1998 1999 2000 ---------- ---------- ---------- ---------- ---------- Earnings Net Income $694,085 $712,823 $745,140 $711,843 $583,715 State Income Tax - - - - 21,369 Federal Income Tax 355,590 357,100 327,805 857,818 109,814 Federal Income Tax Deferred 49,510 31,450 95,140 (454,578) 166,698 Investment Tax Credits (8,910) (8,830) (8,710) (37,159) (7,955) ---------- ---------- ---------- ---------- ---------- Total Earnings Before Income Tax 1,090,275 1,092,543 1,159,375 1,077,924 873,641 Fixed Charges* 343,308 353,689 345,513 340,344 392,347 ----------- ---------- ---------- ---------- ---------- Total Earnings Before Income Tax and Fixed Charges $1,433,583 $1,446,232 $1,504,888 $1,418,268 $1,265,988 ============ ============ ============ ============ ============ * Fixed Charges Interest on Long-Term Debt $296,443 $306,109 $294,894 $291,747 $318,842 Amortization of Debt Discount, Premium and Expense 11,376 12,049 13,777 13,514 12,584 Interest on Component of Rentals 18,157 18,448 18,442 17,720 17,697 Other Interest 17,332 17,083 18,400 17,363 43,224 ----------- ---------- ---------- ---------- ---------- Total Fixed Charges $343,308 $353,689 $345,513 $340,344 $392,347 ============ ============ ============ ============ ============ Ratio of Earnings to Fixed Charges 4.18 4.09 4.36 4.17 3.23