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                                                                   Exhibit 12.2


                             Boston Edison Company
               Computation of Ratio of Earnings to Fixed Charges
                   and Preferred Stock Dividend Requirements
                       Twelve Months Ended June 30, 2000
                                 (in thousands)



<TABLE>
<S>                                                             <C>
Net income from continuing operations                             $141,086
Income taxes                                                        60,308
Fixed charges (including securitization certificates)              121,890
                                                                  --------
   Total                                                          $323,284
                                                                  ========
Interest expense                                                  $108,990
Interest component of rentals                                       12,900
                                                                  --------
   Subtotal                                                       $121,890
                                                                  --------
Preferred stock dividend requirements                                8,508
                                                                  --------
   Total                                                          $130,398
                                                                  ========
Ratio of earnings to fixed charges and preferred                      2.48
stock dividends requirements                                          ====
</TABLE>



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