EX-12.2 8 ed-20160331xex122.htm EXHIBIT 12.2 Exhibit


Exhibit 12.2
Consolidated Edison Company of New York, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
 
For the Three Months Ended March 31, 2016
 
For the Twelve Months Ended December 31, 2015
 
For the Three Months Ended March 31, 2015
Earnings
 
 
 
 
 
Net Income
$310
 
$1,084
 
$348
Preferred Stock Dividend
—

 
—

 
—

(Income)/Loss from Equity Investees
—

 
—

 
—

Minority Interest Loss
—

 
—

 
—

Income Tax
180
 
574
 
192
Pre-Tax Income
$490
 
$1,658
 
$540
Add: Fixed Charges*
160
 
629
 
156
Add: Distributed Income of Equity Investees
—

 
—

 
—

Subtract: Interest Capitalized
—

 
—

 
—

Subtract: Pre-Tax Preferred Stock Dividend Requirement
—

 
—

 
—

Earnings
$650
 
$2,287
 
$696
* Fixed Charges
 
 
 
 
 
Interest on Long-term Debt
$141
 
$553
 
$138
Amortization of Debt Discount, Premium and Expense
3
 
14
 
3
Interest Capitalized
—

 
—

 
—

Other Interest
5
 
19
 
4
Interest Component of Rentals
11
 
43
 
11
Pre-Tax Preferred Stock Dividend Requirement
—

 
—

 
—

Fixed Charges
$160
 
$629
 
$156
Ratio of Earnings to Fixed Charges
4.1
 
3.6
 
4.5