EX-12.2 13 exhibit122-201710k.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 Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings
 
 
 
 
 
 
 
 
 
Net Income
$1,104
 
$1,056
 
$1,084
 
$1,058
 
$1,020
Preferred Stock Dividend
—

 
—

 
—

 
—

 
—

(Income) or Loss from Equity Investees
—

 
—

 
—

 
—

 
—

Minority Interest Loss
—

 
—

 
—

 
—

 
—

Income Tax
685
 
603
 
574
 
555
 
520
Pre-Tax Income
$1,789
 
$1,659
 
$1,658
 
$1,613
 
$1,540
Add: Fixed Charges*
657
 
634
 
629
 
580
 
564
Add: Distributed Income of Equity Investees
—

 
—

 
—

 
—

 
—

Subtract: Interest Capitalized
—

 
—

 
—

 
—

 
—

Subtract: Pre-Tax Preferred Stock Dividend Requirement
—

 
—

 
—

 
—

 
—

Earnings
$2,446
 
$2,293
 
$2,287
 
$2,193
 
$2,104
* Fixed Charges
 
 
 
 
 
 
 
 
 
Interest on Long-term Debt
$602
 
$575
 
$553
 
$510
 
$496
Amortization of Debt Discount, Premium and Expense
13
 
13
 
14
 
13
 
15
Interest Capitalized
—

 
—

 
—

 
—

 
—

Other Interest
14
 
19
 
19
 
15
 
11
Interest Component of Rentals
28
 
27
 
43
 
42
 
42
Pre-Tax Preferred Stock Dividend Requirement
—

 
—

 
—

 
—

 
—

Fixed Charges
$657
 
$634
 
$629
 
$580
 
$564
Ratio of Earnings to Fixed Charges
3.7
 
3.6
 
3.6
 
3.8
 
3.7