EX-12.2 9 ed-20160630xex122.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 Six Months Ended June 30, 2016
 
For the Twelve Months Ended December 31, 2015
 
For the Six Months Ended June 30, 2015
Earnings
 
 
 
 
 
Net Income
$472
 
$1,084
 
$559
Preferred Stock Dividend
—

 
—

 
—

(Income)/Loss from Equity Investees
—

 
—

 
—

Minority Interest Loss
—

 
—

 
—

Income Tax
264
 
574
 
293
Pre-Tax Income
$736
 
$1,658
 
$852
Add: Fixed Charges*
321
 
629
 
312
Add: Distributed Income of Equity Investees
—

 
—

 
—

Subtract: Interest Capitalized
—

 
—

 
—

Subtract: Pre-Tax Preferred Stock Dividend Requirement
—

 
—

 
—

Earnings
$1,057
 
$2,287
 
$1,164
* Fixed Charges
 
 
 
 
 
Interest on Long-term Debt
$283
 
$553
 
$275
Amortization of Debt Discount, Premium and Expense
7
 
14
 
7
Interest Capitalized
—

 
—

 
—

Other Interest
9
 
19
 
9
Interest Component of Rentals
22
 
43
 
21
Pre-Tax Preferred Stock Dividend Requirement
—

 
—

 
—

Fixed Charges
$321
 
$629
 
$312
Ratio of Earnings to Fixed Charges
3.3
 
3.6
 
3.7