EX-12.1-2 7 a2103728zex-12_12.txt EXHIBIT 12.1.2 CONSOLIDATED EDISON, INC. COMBINED RATIO EXHIBIT 12.1.2 PERIODS ENDING (Thousands of Dollars)
DECEMBER DECEMBER DECEMBER DECEMBER DECEMBER 1998 1999 2000 2001 2002 ----------- ----------- ------------ ------------ ------------- EARNINGS Net Income for Common Stock $712,742 $700,615 $582,835 $682,242 $646,036 Preferred Dividends 17,007 13,593 13,593 13,593 12,458 Income Tax 405,410 372,825 307,168 442,631 376,417 ----------- ----------- ------------ ------------ ------------- Total Earnings Before Income Tax 1,135,159 1,087,033 903,596 1,138,466 1,034,911 FIXED CHARGES* 345,513 357,178 431,217 457,554 460,279 ----------- ----------- ------------ ------------ ------------- Total Earnings Before Income Tax and Fixed Charges $1,480,672 $1,444,211 $1,334,813 $1,596,020 $1,495,190 =========== =========== ============ ============ ============= * Fixed Charges Interest on Long-Term Debt $294,894 $305,879 $351,410 $384,422 $373,060 Amortization of Debt Discount, Premium and Expense 13,777 13,514 12,584 12,526 12,264 Interest on Component of Rentals 18,442 17,720 17,697 18,783 13,971 Other Interest 18,400 20,065 49,526 41,823 60,984 ----------- ----------- ------------ ------------ ------------- Total Fixed Charges $345,513 $357,178 $431,217 $457,554 $460,279 PREFERRED STOCK DIVIDEND REQUIREMENTS 26,573 20,595 20,595 22,284 19,166 ----------- ----------- ------------ ------------ ------------- Total Fixed Charges + Pref Stock Div Requirements $372,086 $377,773 $451,813 $479,838 $479,445 =========== =========== ============ ============ ============= Ratio of Earnings to Fixed Charges 3.98 3.82 2.95 3.33 3.12