Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                            |       |                                             |   |                                            |  |   |      
|------------------------------------------------------ |  | ------------------------------------------ | ----- | ------------------------------------------- | - | ------------------------------------------ |  | - | -----
|                                                       |  | For theNine Months EndedSeptember 30, 2005 |       | For theTwelve Months EndedDecember 31, 2004 |   | For theNine Months EndedSeptember 30, 2004
|Earnings                                               |  |                                            |       |                                             |   |                                            |  |   |      
|Net Income for Common Stock                            |  | $                                          | 573   |                                             | $ | 518                                        |  | $ | 474  
|Preferred Stock Dividend                               |  |                                            | 8     |                                             |   | 11                                         |  |   | 8    
|(Income) or Loss from Equity Investees                 |  |                                            |      |                                             |   |                                           |  |   |     
|Minority Interest Loss                                 |  |                                            |      |                                             |   |                                           |  |   |     
|Income Tax                                             |  |                                            | 302   |                                             |   | 278                                        |  |   | 281  
|Pre-Tax Income from Continuing Operations              |  | $                                          | 883   |                                             | $ | 807                                        |  | $ | 763  
|Add: Fixed Charges*                                    |  |                                            | 291   |                                             |   | 387                                        |  |   | 289  
|Add: Amortization of Capitalized Interest              |  |                                            |      |                                             |   |                                           |  |   |     
|Add: Distributed Income of Equity Investees            |  |                                            |      |                                             |   |                                           |  |   |     
|Subtract: Interest Capitalized                         |  |                                            |      |                                             |   |                                           |  |   |     
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                            |      |                                             |   |                                           |  |   |     
|                                                      
|Earnings                                               |  | $                                          | 1,174 |                                             | $ | 1,194                                      |  | $ | 1,052
|* Fixed Charges                                        |  |                                            |       |                                             |   |                                            |  |   |      
|Interest on Long-term Debt                             |  | $                                          | 248   |                                             | $ | 317                                        |  | $ | 239  
|Amortization of Debt Discount, Premium and Expense     |  |                                            | 12    |                                             |   | 15                                         |  |   | 11   
|Interest Capitalized                                   |  |                                            |      |                                             |   |                                           |  |   |     
|Other Interest                                         |  |                                            | 15    |                                             |   | 34                                         |  |   | 23   
|Interest Component of Rentals                          |  |                                            | 16    |                                             |   | 21                                         |  |   | 16   
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                            |      |                                             |   |                                           |  |   |     
|Fixed Charges                                          |  | $                                          | 291   |                                             | $ | 387                                        |  | $ | 289  
|Ratio of Earnings to Fixed Charges                     |  |                                            | 4.0   |                                             |   | 3.1                                        |  |   | 3.6