Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                      |     |                                             |   |                                      |  |   |    
|------------------------------------------------------ |  | ------------------------------------ | --- | ------------------------------------------- | - | ------------------------------------ |  | - | ---
|                                                       |  | For theSix Months EndedJune 30, 2006 |     | For theTwelve Months EndedDecember 31, 2005 |   | For theSix Months EndedJune 30, 2005
|Earnings                                               |  |                                      |     |                                             |   |                                      |  |   |    
|Net Income for Common                                  |  | $                                    | 318 |                                             | $ | 694                                  |  | $ | 291
|Preferred Stock Dividend                               |  |                                      | 6   |                                             |   | 11                                   |  |   | 6  
|Income Tax                                             |  |                                      | 166 |                                             |   | 330                                  |  |   | 137
|Pre-Tax Income from Continuing Operations              |  | $                                    | 490 |                                             | $ | 1,035                                |  | $ | 434
|Add: Fixed Charges*                                    |  |                                      | 216 |                                             |   | 387                                  |  |   | 190
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                      |    |                                             |   |                                     |  |   |   
|Earnings                                               |  | $                                    | 706 |                                             | $ | 1,422                                |  | $ | 624
|* Fixed Charges                                        |  |                                      |     |                                             |   |                                      |  |   |    
|Interest on Long-term Debt                             |  | $                                    | 177 |                                             | $ | 333                                  |  | $ | 164
|Amortization of Debt Discount, Premium and Expense     |  |                                      | 8   |                                             |   | 17                                   |  |   | 8  
|Other Interest                                         |  |                                      | 20  |                                             |   | 21                                   |  |   | 7  
|Interest Component of Rentals                          |  |                                      | 11  |                                             |   | 16                                   |  |   | 11 
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                      |    |                                             |   |                                     |  |   |   
|Fixed Charges                                          |  | $                                    | 216 |                                             | $ | 387                                  |  | $ | 190
|Ratio of Earnings to Fixed Charges                     |  |                                      | 3.3 |                                             |   | 3.7                                  |  |   | 3.3