Exhibit 12.2



Con Edison Company of New York, Inc.

Ratio of Earnings to Fixed
Charges



|                                                       |  |                                  |       |      |   |       |  |      |       |      |   |       |  |   |      
|------------------------------------------------------ |  | -------------------------------- | ----- | ---- | - | ----- |  | ---- | ----- | ---- | - | ----- |  | - | -----
|                                                       |  | For the Years Ended December 31,
|(Millions of Dollars)                                  |  | 2005                             |       | 2004 |   | 2003  |  | 2002 |       | 2001
|Earnings                                               |  |                                  |       |      |   |       |  |      |       |      |   |       |  |   |      
|Net Income for Common                                  |  | $                                | 694   |      | $ | 518   |  | $    | 591   |      | $ | 605   |  | $ | 649  
|Preferred Stock Dividend                               |  |                                  | 11    |      |   | 11    |  |      | 11    |      |   | 13    |  |   | 14   
|Cumulative Effect of Changes in Accounting Principles  |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|(Income) or Loss from Equity Investees                 |  |                                  | -     |      |   | -     |  |      | -     |      |   | 1     |  |   | -    
|Minority Interest Loss                                 |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Income Tax                                             |  |                                  | 330   |      |   | 278   |  |      | 367   |      |   | 342   |  |   | 427  
|Pre-Tax Income from Continuing Operations              |  |                                  | 1,035 |      |   | 807   |  |      | 969   |      |   | 961   |  |   | 1,090
|Add: Fixed Charges*                                    |  |                                  | 387   |      |   | 387   |  |      | 409   |      |   | 408   |  |   | 410  
|Add: Amortization of Capitalized Interest              |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Add: Distributed Income of Equity Investees            |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Subtract: Interest Capitalized                         |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Earnings                                               |  | $                                | 1,422 |      | $ | 1,194 |  | $    | 1,378 |      | $ | 1,369 |  | $ | 1,500
|* Fixed Charges                                        |  |                                  |       |      |   |       |  |      |       |      |   |       |  |   |      
|Interest on Long-term Debt                             |  | $                                | 333   |      | $ | 317   |  | $    | 333   |      | $ | 333   |  | $ | 347  
|Amortization of Debt Discount, Premium and Expense     |  |                                  | 17    |      |   | 15    |  |      | 13    |      |   | 12    |  |   | 13   
|Interest Capitalized                                   |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Other Interest                                         |  |                                  | 21    |      |   | 34    |  |      | 42    |      |   | 51    |  |   | 32   
|Interest Component of Rentals                          |  |                                  | 16    |      |   | 21    |  |      | 21    |      |   | 12    |  |   | 18   
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Fixed Charges                                          |  | $                                | 387   |      | $ | 387   |  | $    | 409   |      | $ | 408   |  | $ | 410  
|Ratio of Earnings to Fixed Charges                     |  |                                  | 3.7   |      |   | 3.1   |  |      | 3.4   |      |   | 3.4   |  |   | 3.7