Con Edison Company of New York, Inc.



Exhibit 12.2



Ratio of Earnings to Fixed Charges

(Millions of Dollars)



|                                                       |  |                                         |     |                                             |   |       |                                         |  |   |    
|------------------------------------------------------ |  | --------------------------------------- | --- | ------------------------------------------- | - | ----- | --------------------------------------- |  | - | ---
|                                                       |  | For theThree Months EndedMarch 31, 2008 |     | For theTwelve Months EndedDecember 31, 2007 |   |       | For theThree Months EndedMarch 31, 2007
|Earnings                                               |  |                                         |     |                                             |   |       |                                         |  |   |    
|Net Income for Common                                  |  | $                                       | 219 |                                             | $ | 844   |                                         |  | $ | 236
|Preferred Stock Dividend                               |  |                                         | 3   |                                             |   | 11    |                                         |  |   | 3  
|(Income) or Loss from Equity Investees                 |  |                                         |    |                                             |   | (2    | )                                       |  |   |    
|Income Tax                                             |  |                                         | 111 |                                             |   | 392   |                                         |  |   | 134
|Pre-Tax Income from Continuing Operations              |  | $                                       | 333 |                                             | $ | 1,245 |                                         |  | $ | 373
|Add: Fixed Charges*                                    |  |                                         | 123 |                                             |   | 487   |                                         |  |   | 123
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                         |    |                                             |   |      |                                         |  |   |   
|Earnings                                               |  | $                                       | 456 |                                             | $ | 1,732 |                                         |  | $ | 496
|* Fixed Charges                                        |  |                                         |     |                                             |   |       |                                         |  |   |    
|Interest on Long-term Debt                             |  | $                                       | 101 |                                             | $ | 411   |                                         |  | $ | 100
|Amortization of Debt Discount, Premium and Expense     |  |                                         | 4   |                                             |   | 17    |                                         |  |   | 4  
|Other Interest                                         |  |                                         | 13  |                                             |   | 39    |                                         |  |   | 14 
|Interest Component of Rentals                          |  |                                         | 5   |                                             |   | 20    |                                         |  |   | 5  
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                         |    |                                             |   |      |                                         |  |   |   
|Fixed Charges                                          |  | $                                       | 123 |                                             | $ | 487   |                                         |  | $ | 123
|Ratio of Earnings to Fixed Charges                     |  |                                         | 3.7 |                                             |   | 3.6   |                                         |  |   | 4.0