Exhibit 12.2

CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.  RATIO OF EARNINGS TO FIXED CHARGES  TWELVE MONTHS ENDED  (THOUSANDS OF DOLLARS)

|                |                                                    | DECEMBER
1997                                      |         | DECEMBER
1998 |           | DECEMBER
1999 |         | DECEMBER
2000 |         | DECEMBER
2001
|--------------- | -------------------------------------------------- | -------------------------------------------------- | ------- | ------------- | --------- | ------------- | ------- | ------------- | ------- | -------------
|Earnings        |                                                    |                                                    |         |               |           |               |         |               |         |              
|                | Net Income                                         |                                                    | $       | 712,823       |           | $             | 745,140 |               | $       | 711,843      
|                | Income Tax                                         |                                                    |         | 379,720       |           |               | 414,235 |               |         | 366,081      
|                |                                                    |                                                    |         |               |           |               |         |               |         |              
|                |                                                    | Total Earnings Before Income Tax                   |         |               | 1,092,543 |               |         | 1,159,375     |         |              
|Fixed Charges*  |                                                    |                                                    | 353,689 |               |           | 345,513       |         |               | 340,344 |              
|                |                                                    |                                                    |         |               |           |               |         |               |         |              
|                |                                                    | Total Earnings Before Income Tax and Fixed Charges |         | $             | 1,446,232 |               | $       | 1,504,888     |         | $            
|                |                                                    |                                                    |         |               |           |               |         |               |         |              
|* Fixed Charges |                                                    |                                                    |         |               |           |               |         |               |         |              
|                | Interest on Long-Term Debt                         |                                                    | $       | 306,109       |           | $             | 294,894 |               | $       | 291,747      
|                | Amortization of Debt Discount, Premium and Expense |                                                    |         | 12,049        |           |               | 13,777  |               |         | 13,514       
|                | Interest on Component of Rentals                   |                                                    |         | 18,448        |           |               | 18,442  |               |         | 17,720       
|                | Other Interest                                     |                                                    |         | 17,083        |           |               | 18,400  |               |         | 17,363       
|                |                                                    |                                                    |         |               |           |               |         |               |         |              
|                |                                                    | Total Fixed Charges                                |         | $             | 353,689   |               | $       | 345,513       |         | $            
|                |                                                    |                                                    |         |               |           |               |         |               |         |              
|                | Ratio of Earnings to Fixed Charges                 |                                                    |         | 4.09          |           |               | 4.36    |               |         | 4.17         

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