EX-12.1 2 dex121.htm STATEMENT OF COMPUTATION OF CON EDISON'S RATIO OF EARNINGS TO FIXED CHARGES Statement of computation of Con Edison's ratio of earnings to fixed charges

Consolidated Edison, Inc.

 

Exhibit 12.1

 

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

 

     For the
Six Months Ended
June 30, 2007
     For the
Twelve Months Ended
December 31, 2006
     For the
Six Months Ended
June 30, 2006

Earnings

                       

Net Income from Continuing Operations

    $ 410     $ 738     $ 306

Preferred Stock Dividend

      6       11       6

(Income) or Loss from Equity Investees

      (2 )     (1 )     —

Minority Interest Loss

      —       1       —

Income Tax

      219       390       171

Pre-Tax Income from Continuing Operations

    $ 633     $ 1,139     $ 483

Add: Fixed Charges*

      303       596       278

Subtract: Pre-Tax Preferred Stock Dividend Requirement

      9       18       10

Earnings

    $ 927     $ 1,717     $ 751

* Fixed Charges

                       

Interest on Long-term Debt

    $ 245     $ 465     $ 224

Amortization of Debt Discount, Premium and Expense

      9       16       8

Other Interest

      29       75       25

Interest Component of Rentals

      11       22       11

Pre-Tax Preferred Stock Dividend Requirement

      9       18       10

Fixed Charges

    $ 303     $ 596     $ 278

Ratio of Earnings to Fixed Charges

      3.1       2.9       2.7