Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                            |       |                                             |   |                                            |  |   |      
|------------------------------------------------------ |  | ------------------------------------------ | ----- | ------------------------------------------- | - | ------------------------------------------ |  | - | -----
|                                                       |  | For theNine Months EndedSeptember 30, 2007 |       | For theTwelve Months EndedDecember 31, 2006 |   | For theNine Months EndedSeptember 30, 2006
|Earnings                                               |  |                                            |       |                                             |   |                                            |  |   |      
|Net Income for Common                                  |  | $                                          | 659   |                                             | $ | 686                                        |  | $ | 517  
|Preferred Stock Dividend                               |  |                                            | 9     |                                             |   | 11                                         |  |   | 8    
|Income Tax                                             |  |                                            | 304   |                                             |   | 349                                        |  |   | 273  
|Pre-Tax Income from Continuing Operations              |  | $                                          | 972   |                                             | $ | 1,046                                      |  | $ | 798  
|Add: Fixed Charges*                                    |  |                                            | 364   |                                             |   | 472                                        |  |   | 352  
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                            |      |                                             |   |                                           |  |   |     
|Earnings                                               |  | $                                          | 1,336 |                                             | $ | 1,518                                      |  | $ | 1,150
|* Fixed Charges                                        |  |                                            |       |                                             |   |                                            |  |   |      
|Interest on Long-term Debt                             |  | $                                          | 304   |                                             | $ | 370                                        |  | $ | 273  
|Amortization of Debt Discount, Premium and Expense     |  |                                            | 13    |                                             |   | 16                                         |  |   | 12   
|Other Interest                                         |  |                                            | 32    |                                             |   | 65                                         |  |   | 56   
|Interest Component of Rentals                          |  |                                            | 15    |                                             |   | 21                                         |  |   | 11   
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                            |      |                                             |   |                                           |  |   |     
|Fixed Charges                                          |  | $                                          | 364   |                                             | $ | 472                                        |  | $ | 352  
|Ratio of Earnings to Fixed Charges                     |  |                                            | 3.7   |                                             |   | 3.2                                        |  |   | 3.3  
|                                                       |  |                                            |       |                                             |   |                                            |  |   |