EX-12.2 13 a2103728zex-12_2.txt EXHIBIT 12.2 CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. EXHIBIT 12.2 RATIO OF EARNINGS TO FIXED CHARGES TWELVE MONTHS ENDED (Thousands of Dollars)
DECEMBER DECEMBER DECEMBER DECEMBER DECEMBER 1998 1999 2000 2001 2002 ----------- ----------- ----------- ----------- ----------- EARNINGS Net Income $745,140 $711,843 $583,715 $663,061 $617,840 Income Tax 414,235 366,081 289,926 427,168 341,758 ----------- ----------- ----------- ----------- ----------- Total Earnings Before Income Tax 1,159,375 1,077,924 873,641 1,090,229 959,598 FIXED CHARGES* 345,513 340,344 392,347 409,588 408,580 ----------- ----------- ----------- ----------- ----------- Total Earnings Before Income Tax and Fixed Charges $1,504,888 $1,418,268 $1,265,988 $1,499,817 $1,368,178 =========== =========== =========== =========== =========== * Fixed Charges Interest on Long-Term Debt $294,894 $291,747 $318,842 $347,260 $332,585 Amortization of Debt Discount, Premium and Expense 13,777 13,514 12,584 12,527 12,264 Interest on Component of Rentals 18,442 17,720 17,697 17,478 12,373 Other Interest 18,400 17,363 43,224 32,323 51,358 ----------- ----------- ----------- ----------- ----------- Total Fixed Charges $345,513 $340,344 $392,347 $409,588 $408,580 =========== =========== =========== =========== =========== Ratio of Earnings to Fixed Charges 4.36 4.17 3.23 3.66 3.35