EX-12.2 7 dex122.htm STATEMENT OF COMPUTATION OF CON EDISON OF NEW YORK'S RATIO OF EARNINGS Statement of computation of Con Edison of New York's ratio of earnings

Con Edison Company of New York, Inc.

 

Exhibit 12.2

 

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

 

     For the
Nine Months Ended
September 30, 2005
    For the
Twelve Months Ended
December 31, 2004
    For the
Nine Months Ended
September 30, 2004

Earnings

                     

Net Income for Common Stock

    $ 573    $ 518    $ 474

Preferred Stock Dividend

      8      11      8

(Income) or Loss from Equity Investees

      —      —      —

Minority Interest Loss

      —      —      —

Income Tax

      302      278      281

Pre-Tax Income from Continuing Operations

    $ 883    $ 807    $ 763

Add: Fixed Charges*

      291      387      289

Add: Amortization of Capitalized Interest

      —      —      —

Add: Distributed Income of Equity Investees

      —      —      —

Subtract: Interest Capitalized

      —      —      —

Subtract: Pre-Tax Preferred Stock Dividend Requirement

      —      —      —

Earnings

    $ 1,174    $ 1,194    $ 1,052

* Fixed Charges

                     

Interest on Long-term Debt

    $ 248    $ 317    $ 239

Amortization of Debt Discount, Premium and Expense

      12      15      11

Interest Capitalized

      —      —      —

Other Interest

      15      34      23

Interest Component of Rentals

      16      21      16

Pre-Tax Preferred Stock Dividend Requirement

      —      —      —

Fixed Charges

    $ 291    $ 387    $ 289

Ratio of Earnings to Fixed Charges

      4.0      3.1      3.6