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)                                  |  | 2007                             |       |   | 2006 |   | 2005  |  | 2004 |       | 2003
|Earnings                                               |  |                                  |       |   |      |   |       |  |      |       |      |   |       |  |   |      
|Net Income for Common                                  |  | $                                | 844   |   |      | $ | 686   |  | $    | 694   |      | $ | 518   |  | $ | 591  
|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                                             |  |                                  | 392   |   |      |   | 349   |  |      | 330   |      |   | 278   |  |   | 367  
|Pre-Tax Income from Continuing Operations              |  |                                  | 1,245 |   |      |   | 1,046 |  |      | 1,035 |      |   | 807   |  |   | 969  
|Add: Fixed Charges*                                    |  |                                  | 487   |   |      |   | 472   |  |      | 392   |      |   | 387   |  |   | 409  
|Add: Amortization of Capitalized Interest              |  |                                  | -     |   |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Add: Distributed Income of Equity Investees            |  |                                  | -     |   |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Subtract: Interest Capitalized                         |  |                                  | -     |   |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                  | -     |   |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Earnings                                               |  | $                                | 1,732 |   |      | $ | 1,518 |  | $    | 1,427 |      | $ | 1,194 |  | $ | 1,378
|* Fixed Charges                                        |  |                                  |       |   |      |   |       |  |      |       |      |   |       |  |   |      
|Interest on Long-term Debt                             |  | $                                | 411   |   |      | $ | 370   |  | $    | 333   |      | $ | 317   |  | $ | 333  
|Amortization of Debt Discount, Premium and Expense     |  |                                  | 17    |   |      |   | 16    |  |      | 17    |      |   | 15    |  |   | 13   
|Interest Capitalized                                   |  |                                  | -     |   |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Other Interest                                         |  |                                  | 39    |   |      |   | 65    |  |      | 21    |      |   | 34    |  |   | 42   
|Interest Component of Rentals                          |  |                                  | 20    |   |      |   | 21    |  |      | 21    |      |   | 21    |  |   | 21   
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                  | -     |   |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Fixed Charges                                          |  | $                                | 487   |   |      | $ | 472   |  | $    | 392   |      | $ | 387   |  | $ | 409  
|Ratio of Earnings to Fixed Charges                     |  |                                  | 3.6   |   |      |   | 3.2   |  |      | 3.6   |      |   | 3.1   |  |   | 3.4  



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