Consolidated Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                   |  |                                   |     |                                   |   |      |  |      |       |      |   |       |  |      |       |  |   |       |  |   |      
|-------------------------------------------------- |  | --------------------------------- | --- | --------------------------------- | - | ---- |  | ---- | ----- | ---- | - | ----- |  | ---- | ----- |  | - | ----- |  | - | -----
|                                                   |  | For the Six Months Ended June 30, |     | For the Y ears Ended December 31,
|                                                   |  | 2005                              |     | 2004                              |   | 2004 |  | 2003 |       | 2002 |   | 2001  |  | 2000
|Earnings                                           |  |                                   |     |                                   |   |      |  |      |       |      |   |       |  |      |       |  |   |       |  |   |      
|Net Income for Common Stock                        |  | $                                 | 291 |                                   | $ | 241  |  | $    | 518   |      | $ | 591   |  | $    | 605   |  | $ | 649   |  | $ | 570  
|Preferred Stock Dividend                           |  |                                   | 6   |                                   |   | 6    |  |      | 11    |      |   | 11    |  |      | 13    |  |   | 14    |  |   | 14   
|(Income) or Loss from Equity Investees             |  |                                   |    |                                   |   |     |  |      |      |      |   |      |  |      | 1     |  |   |      |  |   |     
|Minority Interest Loss                             |  |                                   |    |                                   |   |     |  |      |      |      |   |      |  |      |      |  |   |      |  |   |     
|Income Tax                                         |  |                                   | 137 |                                   |   | 147  |  |      | 278   |      |   | 367   |  |      | 342   |  |   | 427   |  |   | 290  
|Pre-Tax Income from Continuing Operations          |  | $                                 | 434 |                                   | $ | 394  |  | $    | 807   |      | $ | 969   |  | $    | 961   |  | $ | 1,090 |  | $ | 874  
|Add: Fixed Charges*                                |  |                                   | 190 |                                   |   | 195  |  |      | 387   |      |   | 409   |  |      | 408   |  |   | 410   |  |   | 392  
|Add: Amortization of Capitalized Interest          |  |                                   |     |                                   |   |      |  |      |       |      |   |       |  |      |       |  |   |       |  |   |      
|Add: Distributed Income of Equity Investees        |  |                                   |    |                                   |   |     |  |      |      |      |   |      |  |      |      |  |   |      |  |   |     
|Subtract: Interest Capitalized                     |  |                                   |    |                                   |   |     |  |      |      |      |   |      |  |      |      |  |   |      |  |   |     
|Subtract: Preferred Stock Dividend Requirement     |  |                                   |    |                                   |   |     |  |      |      |      |   |      |  |      |      |  |   |      |  |   |     
|                                                   |  |                                   |     |                                   |   |      |  |      |       |      |   |       |  |      |       |  |   |       |  |   |      
|Earnings                                           |  | $                                 | 624 |                                   | $ | 589  |  | $    | 1,194 |      | $ | 1,378 |  | $    | 1,369 |  | $ | 1,500 |  | $ | 1,266
|* Fixed Charges                                    |  |                                   |     |                                   |   |      |  |      |       |      |   |       |  |      |       |  |   |       |  |   |      
|Interest on Long-term Debt                         |  | $                                 | 164 |                                   | $ | 161  |  | $    | 317   |      | $ | 333   |  | $    | 333   |  | $ | 347   |  | $ | 319  
|Amortization of Debt Discount, Premium and Expense |  |                                   | 8   |                                   |   | 7    |  |      | 15    |      |   | 13    |  |      | 12    |  |   | 13    |  |   | 13   
|Interest Capitalized                               |  |                                   |    |                                   |   |     |  |      |      |      |   |      |  |      |      |  |   |      |  |   |     
|Other Interest                                     |  |                                   | 7   |                                   |   | 16   |  |      | 34    |      |   | 42    |  |      | 51    |  |   | 32    |  |   | 43   
|Interest Component of Rentals                      |  |                                   | 11  |                                   |   | 11   |  |      | 21    |      |   | 21    |  |      | 12    |  |   | 18    |  |   | 17   
|Preferred Stock Dividend Requirement               |  |                                   |    |                                   |   |     |  |      |      |      |   |      |  |      |      |  |   |      |  |   |     
|Fixed Charges                                      |  | $                                 | 190 |                                   | $ | 195  |  | $    | 387   |      | $ | 409   |  | $    | 408   |  | $ | 410   |  | $ | 392  
|Ratio of Earnings to Fixed Charges                 |  |                                   | 3.3 |                                   |   | 3.0  |  |      | 3.1   |      |   | 3.4   |  |      | 3.4   |  |   | 3.7   |  |   | 3.2