Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                            |       |                                             |   |       |                                            |  |   |       |  
|------------------------------------------------------ |  | ------------------------------------------ | ----- | ------------------------------------------- | - | ----- | ------------------------------------------ |  | - | ----- | -
|                                                       |  | For theNine Months EndedSeptember 30, 2008 |       | For theTwelve Months EndedDecember 31, 2007 |   |       | For theNine Months EndedSeptember 30, 2007 | 
|Earnings                                               |  |                                            |       |                                             |   |       |                                            |  |   |       |  
|Net Income for Common                                  |  | $                                          | 590   |                                             | $ | 844   |                                            |  | $ | 659   |  
|Preferred Stock Dividend                               |  |                                            | 9     |                                             |   | 11    |                                            |  |   | 9     |  
|(Income) or Loss from Equity Investees                 |  |                                            |      |                                             |   | (2    | )                                          |  |   | (1    | )
|Income Tax                                             |  |                                            | 300   |                                             |   | 392   |                                            |  |   | 304   |  
|Pre-Tax Income from Continuing Operations              |  | $                                          | 899   |                                             | $ | 1,245 |                                            |  | $ | 971   |  
|Add: Fixed Charges*                                    |  |                                            | 379   |                                             |   | 487   |                                            |  |   | 364   |  
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                            |      |                                             |   |      |                                            |  |   |      |  
|Earnings                                               |  | $                                          | 1,278 |                                             | $ | 1,732 |                                            |  | $ | 1,335 |  
|* Fixed Charges                                        |  |                                            |       |                                             |   |       |                                            |  |   |       |  
|Interest on Long-term Debt                             |  | $                                          | 335   |                                             | $ | 411   |                                            |  | $ | 304   |  
|Amortization of Debt Discount, Premium and Expense     |  |                                            | 12    |                                             |   | 17    |                                            |  |   | 13    |  
|Other Interest                                         |  |                                            | 16    |                                             |   | 39    |                                            |  |   | 32    |  
|Interest Component of Rentals                          |  |                                            | 16    |                                             |   | 20    |                                            |  |   | 15    |  
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                            |      |                                             |   |      |                                            |  |   |      |  
|Fixed Charges                                          |  | $                                          | 379   |                                             | $ | 487   |                                            |  | $ | 364   |  
|Ratio of Earnings to Fixed Charges                     |  |                                            | 3.4   |                                             |   | 3.6   |                                            |  |   | 3.7   |