|
|
|
|
|
|
|
|
|
|
Previous: CONSOLIDATED EDISON CO OF NEW YORK INC, 10-Q, EX-12.2, 2000-11-14 |
Next: CONSOLIDATED EDISON CO OF NEW YORK INC, 10-Q, EX-27.1, 2000-11-14 |
<PAGE>
ORANGE AND ROCKLAND UTILITIES, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended
(Thousands of Dollars)
<TABLE>
<CAPTION>
SEPTEMBER SEPTEMBER
2000 1999
----------------- -----------------
<S> <C> <C>
Earnings
Net Income $36,579 $20,409
Federal Income Tax 9,410 45,233
State Income Tax 2,461 2,317
----------------- -------------------
Total Earnings Before Federal and State Income Tax 48,450 67,959
Fixed Charges* 33,475 39,015
----------------- -------------------
Total Earnings Before Federal and State
Income Tax and Fixed Charges $81,925 $106,974
================= ===================
* Fixed Charges
Interest on Long-Term Debt $23,276 $25,477
Amortization of Debt Discount, Premium and Expense 1,112 1,191
Interest Component on lease Payment 5,918 5,442
Other Interest 3,169 6,905
----------------- -------------------
Total Fixed Charges $33,475 $39,015
================= ===================
Ratio of Earnings to Fixed Charges 2.45 2.74
</TABLE>
|
|