Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                          |     |                                             |   |                                         |  |   |    
|------------------------------------------------------ |  | ---------------------------------------- | --- | ------------------------------------------- | - | --------------------------------------- |  | - | ---
|                                                       |  | For the Three Months EndedMarch 31, 2007 |     | For theTwelve Months EndedDecember 31, 2006 |   | For theThree Months EndedMarch 31, 2006
|Earnings                                               |  |                                          |     |                                             |   |                                         |  |   |    
|Net Income for Common                                  |  | $                                        | 236 |                                             | $ | 686                                     |  | $ | 202
|Preferred Stock Dividend                               |  |                                          | 3   |                                             |   | 11                                      |  |   | 3  
|Income Tax                                             |  |                                          | 134 |                                             |   | 349                                     |  |   | 113
|Pre-Tax Income from Continuing Operations              |  | $                                        | 373 |                                             | $ | 1,046                                   |  | $ | 318
|Add: Fixed Charges*                                    |  |                                          | 123 |                                             |   | 472                                     |  |   | 104
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                          |    |                                             |   |                                        |  |   |   
|Earnings                                               |  | $                                        | 496 |                                             | $ | 1,518                                   |  | $ | 422
|* Fixed Charges                                        |  |                                          |     |                                             |   |                                         |  |   |    
|Interest on Long-term Debt                             |  | $                                        | 100 |                                             | $ | 370                                     |  | $ | 85 
|Amortization of Debt Discount, Premium and Expense     |  |                                          | 4   |                                             |   | 16                                      |  |   | 4  
|Other Interest                                         |  |                                          | 14  |                                             |   | 65                                      |  |   | 10 
|Interest Component of Rentals                          |  |                                          | 5   |                                             |   | 21                                      |  |   | 5  
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                          |    |                                             |   |                                        |  |   |   
|Fixed Charges                                          |  | $                                        | 123 |                                             | $ | 472                                     |  | $ | 104
|Ratio of Earnings to Fixed Charges                     |  |                                          | 4.0 |                                             |   | 3.2                                     |  |   | 4.1