Exhibit 12.2



Con Edison Company of New York, Inc.



Ratio of Earnings to Fixed Charges

(Millions of
Dollars)



|                                                      |  |                                         |     |                                             |   |                                         |  |   |    
|----------------------------------------------------- |  | --------------------------------------- | --- | ------------------------------------------- | - | --------------------------------------- |  | - | ---
|                                                      |  | For theThree Months EndedMarch 31, 2009 |     | For theTwelve Months EndedDecember 31, 2008 |   | For theThree Months EndedMarch 31, 2008
|Earnings                                              |  |                                         |     |                                             |   |                                         |  |   |    
|Net Income for Common                                 |  | $                                       | 197 |                                             | $ | 783                                     |  | $ | 219
|Preferred Stock Dividend                              |  |                                         | 3   |                                             |   | 11                                      |  |   | 3  
|Cumulative Effect of Changes in Accounting Principles |  |                                         |    |                                             |   |                                        |  |   |   
|(Income) or Loss from Equity Investees                |  |                                         |    |                                             |   |                                         |  |   |   
|Minority Interest Loss                                |  |                                         |    |                                             |   |                                        |  |   |   
|Income Tax                                            |  |                                         | 106 |                                             |   | 397                                     |  |   | 111
|Pre-Tax Income from Continuing Operations             |  | $                                       | 306 |                                             | $ | 1,191                                   |  | $ | 333
|Add: Fixed Charges*                                   |  |                                         | 135 |                                             |   | 520                                     |  |   | 123
|Add: Amortization of Capitalized Interest             |  |                                         |    |                                             |   |                                        |  |   |   
|Add: Distributed Income of Equity Investees           |  |                                         |    |                                             |   |                                        |  |   |   
|Subtract: Interest Capitalized                        |  |                                         |    |                                             |   |                                        |  |   |   
|Subtract: Pre-Tax Preferred Stock DividendRequirement |  |                                         |    |                                             |   |                                        |  |   |   
|Earnings                                              |  | $                                       | 441 |                                             | $ | 1,711                                   |  | $ | 456
|* Fixed Charges                                       |  |                                         |     |                                             |   |                                         |  |   |    
|Interest on Long-term Debt                            |  | $                                       | 124 |                                             | $ | 458                                     |  | $ | 101
|Amortization of Debt Discount, Premium and Expense    |  |                                         | 4   |                                             |   | 16                                      |  |   | 4  
|Interest Capitalized                                  |  |                                         |    |                                             |   |                                        |  |   |   
|Other Interest                                        |  |                                         | 2   |                                             |   | 25                                      |  |   | 13 
|Interest Component of Rentals                         |  |                                         | 5   |                                             |   | 21                                      |  |   | 5  
|Pre-Tax Preferred Stock Dividend Requirement          |  |                                         |    |                                             |   |                                        |  |   |   
|Fixed Charges                                         |  | $                                       | 135 |                                             | $ | 520                                     |  | $ | 123
|Ratio of Earnings to Fixed Charges                    |  |                                         | 3.3 |                                             |   | 3.3                                     |  |   | 3.7