Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                      |  |                                         |     |                                             |   |                                         |  |   |    
|----------------------------------------------------- |  | --------------------------------------- | --- | ------------------------------------------- | - | --------------------------------------- |  | - | ---
|                                                      |  | For the ThreeMonths EndedMarch 31, 2005 |     | For the TwelveMonths EndedDecember 31, 2004 |   | For the ThreeMonths EndedMarch 31, 2004
|Earnings                                              |  |                                         |     |                                             |   |                                         |  |   |    
|Net Income for Common Stock                           |  | $                                       | 170 |                                             | $ | 518                                     |  | $ | 152
|Preferred Stock Dividend                              |  |                                         | 3   |                                             |   | 11                                      |  |   | 3  
|Cumulative Effect of Changes in Accounting Principles |  |                                         |    |                                             |   |                                        |  |   |   
|(Income) or Loss from Equity Investees                |  |                                         |    |                                             |   |                                        |  |   |   
|Minority Interest Loss                                |  |                                         |    |                                             |   |                                        |  |   |   
|Income Tax                                            |  |                                         | 97  |                                             |   | 278                                     |  |   | 103
|Pre-Tax Income from Continuing Operations             |  | $                                       | 270 |                                             | $ | 807                                     |  | $ | 258
|Add: Fixed Charges*                                   |  |                                         | 96  |                                             |   | 387                                     |  |   | 100
|Add: Amortization of Capitalized Interest             |  |                                         |    |                                             |   |                                        |  |   |   
|Add: Distributed Income of Equity Investees           |  |                                         |    |                                             |   |                                        |  |   |   
|Subtract: Interest Capitalized                        |  |                                         |    |                                             |   |                                        |  |   |   
|Subtract: Preferred Stock Dividend Requirement        |  |                                         |    |                                             |   |                                        |  |   |   
|Earnings                                              |  | $                                       | 366 |                                             | $ | 1,194                                   |  | $ | 358
|* Fixed Charges                                       |  |                                         |     |                                             |   |                                         |  |   |    
|Interest on Long-term Debt                            |  | $                                       | 79  |                                             | $ | 317                                     |  | $ | 81 
|Amortization of Debt Discount, Premium and Expense    |  |                                         | 4   |                                             |   | 15                                      |  |   | 4  
|Interest Capitalized                                  |  |                                         |    |                                             |   |                                        |  |   |   
|Other Interest                                        |  |                                         | 7   |                                             |   | 34                                      |  |   | 10 
|Interest Component of Rentals                         |  |                                         | 6   |                                             |   | 21                                      |  |   | 5  
|Preferred Stock Dividend Requirement                  |  |                                         |    |                                             |   |                                        |  |   |   
|Fixed Charges                                         |  | $                                       | 96  |                                             | $ | 387                                     |  | $ | 100
|Ratio of Earnings to Fixed Charges                    |  |                                         | 3.8 |                                             |   | 3.1                                     |  |   | 3.6