Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                             |       |                                              |   |                                             |  |   |      
|------------------------------------------------------ |  | ------------------------------------------- | ----- | -------------------------------------------- | - | ------------------------------------------- |  | - | -----
|                                                       |  | For the Nine Months EndedSeptember 30, 2006 |       | For the Twelve Months EndedDecember 31, 2005 |   | For the Nine Months EndedSeptember 30, 2005
|Earnings                                               |  |                                             |       |                                              |   |                                             |  |   |      
|Net Income for Common                                  |  | $                                           | 517   |                                              | $ | 694                                         |  | $ | 573  
|Preferred Stock Dividend                               |  |                                             | 8     |                                              |   | 11                                          |  |   | 8    
|Income Tax                                             |  |                                             | 273   |                                              |   | 330                                         |  |   | 302  
|Pre-Tax Income from Continuing Operations              |  | $                                           | 798   |                                              | $ | 1,035                                       |  | $ | 883  
|Add: Fixed Charges*                                    |  |                                             | 352   |                                              |   | 387                                         |  |   | 291  
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                             |      |                                              |   |                                            |  |   |     
|Earnings                                               |  | $                                           | 1,150 |                                              | $ | 1,422                                       |  | $ | 1,174
|* Fixed Charges                                        |  |                                             |       |                                              |   |                                             |  |   |      
|Interest on Long-term Debt                             |  | $                                           | 273   |                                              | $ | 333                                         |  | $ | 248  
|Amortization of Debt Discount, Premium and Expense     |  |                                             | 12    |                                              |   | 17                                          |  |   | 12   
|Other Interest                                         |  |                                             | 56    |                                              |   | 21                                          |  |   | 15   
|Interest Component of Rentals                          |  |                                             | 11    |                                              |   | 16                                          |  |   | 16   
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                             |      |                                              |   |                                            |  |   |     
|Fixed Charges                                          |  | $                                           | 352   |                                              | $ | 387                                         |  | $ | 291  
|Ratio of Earnings to Fixed Charges                     |  |                                             | 3.3   |                                              |   | 3.7                                         |  |   | 4.0