Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                       |     |                                              |   |       |                                        |  |   |    
|------------------------------------------------------ |  | ------------------------------------- | --- | -------------------------------------------- | - | ----- | -------------------------------------- |  | - | ---
|                                                       |  | For the Six Months EndedJune 30, 2008 |     | For the Twelve Months EndedDecember 31, 2007 |   |       | For the Six Months Ended June 30,
2007
|Earnings                                               |  |                                       |     |                                              |   |       |                                        |  |   |    
|Net Income for Common                                  |  | $                                     | 340 |                                              | $ | 844   |                                        |  | $ | 375
|Preferred Stock Dividend                               |  |                                       | 6   |                                              |   | 11    |                                        |  |   | 6  
|(Income) or Loss from Equity Investees                 |  |                                       |    |                                              |   | (2    | )                                      |  |   | 0  
|Income Tax                                             |  |                                       | 156 |                                              |   | 392   |                                        |  |   | 197
|Pre-Tax Income from Continuing Operations              |  | $                                     | 502 |                                              | $ | 1,245 |                                        |  | $ | 578
|Add: Fixed Charges*                                    |  |                                       | 247 |                                              |   | 487   |                                        |  |   | 242
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                       |    |                                              |   |      |                                        |  |   |   
|Earnings                                               |  | $                                     | 749 |                                              | $ | 1,732 |                                        |  | $ | 820
|* Fixed Charges                                        |  |                                       |     |                                              |   |       |                                        |  |   |    
|Interest on Long-term Debt                             |  | $                                     | 219 |                                              | $ | 411   |                                        |  | $ | 200
|Amortization of Debt Discount, Premium and Expense     |  |                                       | 8   |                                              |   | 17    |                                        |  |   | 9  
|Other Interest                                         |  |                                       | 10  |                                              |   | 39    |                                        |  |   | 23 
|Interest Component of Rentals                          |  |                                       | 10  |                                              |   | 20    |                                        |  |   | 10 
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                       |    |                                              |   |      |                                        |  |   |   
|Fixed Charges                                          |  | $                                     | 247 |                                              | $ | 487   |                                        |  | $ | 242
|Ratio of Earnings to Fixed Charges                     |  |                                       | 3.0 |                                              |   | 3.6   |                                        |  |   | 3.4