Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                      |     |                                             |   |                                      |  |   |    
|------------------------------------------------------ |  | ------------------------------------ | --- | ------------------------------------------- | - | ------------------------------------ |  | - | ---
|                                                       |  | For theSix Months EndedJune 30, 2007 |     | For theTwelve Months EndedDecember 31, 2006 |   | For theSix Months EndedJune 30, 2006
|Earnings                                               |  |                                      |     |                                             |   |                                      |  |   |    
|Net Income for Common                                  |  | $                                    | 375 |                                             | $ | 686                                  |  | $ | 318
|Preferred Stock Dividend                               |  |                                      | 6   |                                             |   | 11                                   |  |   | 6  
|Income Tax                                             |  |                                      | 197 |                                             |   | 349                                  |  |   | 166
|Pre-Tax Income from Continuing Operations              |  | $                                    | 578 |                                             | $ | 1,046                                |  | $ | 490
|Add: Fixed Charges*                                    |  |                                      | 242 |                                             |   | 472                                  |  |   | 216
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                      |    |                                             |   |                                     |  |   |   
|Earnings                                               |  | $                                    | 820 |                                             | $ | 1,518                                |  | $ | 706
|* Fixed Charges                                        |  |                                      |     |                                             |   |                                      |  |   |    
|Interest on Long-term Debt                             |  | $                                    | 200 |                                             | $ | 370                                  |  | $ | 177
|Amortization of Debt Discount, Premium and Expense     |  |                                      | 9   |                                             |   | 16                                   |  |   | 8  
|Other Interest                                         |  |                                      | 23  |                                             |   | 65                                   |  |   | 20 
|Interest Component of Rentals                          |  |                                      | 10  |                                             |   | 21                                   |  |   | 11 
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                      |    |                                             |   |                                     |  |   |   
|Fixed Charges                                          |  | $                                    | 242 |                                             | $ | 472                                  |  | $ | 216
|Ratio of Earnings to Fixed Charges                     |  |                                      | 3.4 |                                             |   | 3.2                                  |  |   | 3.3