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)                                  |  | 2008                             |       | 2007 |   |       | 2006 |  | 2005 |       | 2004
|Earnings                                               |  |                                  |       |      |   |       |      |  |      |       |      |   |       |  |   |      
|Net Income for Common                                  |  | $                                | 783   |      | $ | 844   |      |  | $    | 686   |      | $ | 694   |  | $ | 518  
|Preferred Stock Dividend                               |  |                                  | 11    |      |   | 11    |      |  |      | 11    |      |   | 11    |  |   | 11   
|Cumulative Effect of Changes in Accounting Principles  |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|(Income) or Loss from Equity Investees                 |  |                                  | -     |      |   | (2    | )    |  |      | -     |      |   | -     |  |   | -    
|Minority Interest Loss                                 |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|Income Tax                                             |  |                                  | 397   |      |   | 392   |      |  |      | 349   |      |   | 330   |  |   | 278  
|Pre-Tax Income from Continuing Operations              |  |                                  | 1,191 |      |   | 1,245 |      |  |      | 1,046 |      |   | 1,035 |  |   | 807  
|Add: Fixed Charges*                                    |  |                                  | 520   |      |   | 487   |      |  |      | 472   |      |   | 391   |  |   | 387  
|Add: Amortization of Capitalized Interest              |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|Add: Distributed Income of Equity Investees            |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|Subtract: Interest Capitalized                         |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|Earnings                                               |  | $                                | 1,711 |      | $ | 1,732 |      |  | $    | 1,518 |      | $ | 1,426 |  | $ | 1,194
|* Fixed Charges                                        |  |                                  |       |      |   |       |      |  |      |       |      |   |       |  |   |      
|Interest on Long-term Debt                             |  | $                                | 458   |      | $ | 411   |      |  | $    | 370   |      | $ | 333   |  | $ | 317  
|Amortization of Debt Discount, Premium and Expense     |  |                                  | 16    |      |   | 17    |      |  |      | 16    |      |   | 16    |  |   | 15   
|Interest Capitalized                                   |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|Other Interest                                         |  |                                  | 25    |      |   | 39    |      |  |      | 65    |      |   | 21    |  |   | 34   
|Interest Component of Rentals                          |  |                                  | 21    |      |   | 20    |      |  |      | 21    |      |   | 21    |  |   | 21   
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                  | -     |      |   | -     |      |  |      | -     |      |   | -     |  |   | -    
|Fixed Charges                                          |  | $                                | 520   |      | $ | 487   |      |  | $    | 472   |      | $ | 391   |  | $ | 387  
|Ratio of Earnings to Fixed Charges                     |  |                                  | 3.3   |      |   | 3.6   |      |  |      | 3.2   |      |   | 3.6   |  |   | 3.1  



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