Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                         |     |                                             |   |                                         |  |   |    
|------------------------------------------------------ |  | --------------------------------------- | --- | ------------------------------------------- | - | --------------------------------------- |  | - | ---
|                                                       |  | For theThree Months EndedMarch 31, 2006 |     | For theTwelve Months EndedDecember 31, 2005 |   | For theThree Months EndedMarch 31, 2005
|Earnings                                               |  |                                         |     |                                             |   |                                         |  |   |    
|Net Income for Common                                  |  | $                                       | 202 |                                             | $ | 694                                     |  | $ | 170
|Preferred Stock Dividend                               |  |                                         | 3   |                                             |   | 11                                      |  |   | 3  
|Income Tax                                             |  |                                         | 113 |                                             |   | 330                                     |  |   | 97 
|Pre-Tax Income from Continuing Operations              |  | $                                       | 318 |                                             | $ | 1,035                                   |  | $ | 270
|Add: Fixed Charges*                                    |  |                                         | 104 |                                             |   | 387                                     |  |   | 96 
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                         |    |                                             |   |                                        |  |   |   
|Earnings                                               |  | $                                       | 422 |                                             | $ | 1,422                                   |  | $ | 366
|* Fixed Charges                                        |  |                                         |     |                                             |   |                                         |  |   |    
|Interest on Long-term Debt                             |  | $                                       | 85  |                                             | $ | 333                                     |  | $ | 79 
|Amortization of Debt Discount, Premium and Expense     |  |                                         | 4   |                                             |   | 17                                      |  |   | 4  
|Other Interest                                         |  |                                         | 10  |                                             |   | 21                                      |  |   | 7  
|Interest Component of Rentals                          |  |                                         | 5   |                                             |   | 16                                      |  |   | 6  
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                         |    |                                             |   |                                        |  |   |   
|Fixed Charges                                          |  | $                                       | 104 |                                             | $ | 387                                     |  | $ | 96 
|Ratio of Earnings to Fixed Charges                     |  |                                         | 4.1 |                                             |   | 3.7                                     |  |   | 3.8