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)                                  |  | 2006                             |       | 2005 |   | 2004  |  | 2003 |       | 2002
|Earnings                                               |  |                                  |       |      |   |       |  |      |       |      |   |       |  |   |      
|Net Income for Common                                  |  | $                                | 686   |      | $ | 694   |  | $    | 518   |      | $ | 591   |  | $ | 605  
|Preferred Stock Dividend                               |  |                                  | 11    |      |   | 11    |  |      | 11    |      |   | 11    |  |   | 13   
|Cumulative Effect of Changes in Accounting Principles  |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|(Income) or Loss from Equity Investees                 |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | 1    
|Minority Interest Loss                                 |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Income Tax                                             |  |                                  | 349   |      |   | 330   |  |      | 278   |      |   | 367   |  |   | 342  
|Pre-Tax Income from Continuing Operations              |  |                                  | 1,046 |      |   | 1,035 |  |      | 807   |      |   | 969   |  |   | 961  
|Add: Fixed Charges*                                    |  |                                  | 472   |      |   | 392   |  |      | 387   |      |   | 409   |  |   | 408  
|Add: Amortization of Capitalized Interest              |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Add: Distributed Income of Equity Investees            |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Subtract: Interest Capitalized                         |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Subtract: Pre-Tax Preferred Stock Dividend Requirement |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Earnings                                               |  | $                                | 1,518 |      | $ | 1,427 |  | $    | 1,194 |      | $ | 1,378 |  | $ | 1,369
|* Fixed Charges                                        |  |                                  |       |      |   |       |  |      |       |      |   |       |  |   |      
|Interest on Long-term Debt                             |  | $                                | 370   |      | $ | 333   |  | $    | 317   |      | $ | 333   |  | $ | 333  
|Amortization of Debt Discount, Premium and Expense     |  |                                  | 16    |      |   | 17    |  |      | 15    |      |   | 13    |  |   | 12   
|Interest Capitalized                                   |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Other Interest                                         |  |                                  | 65    |      |   | 21    |  |      | 34    |      |   | 42    |  |   | 51   
|Interest Component of Rentals                          |  |                                  | 21    |      |   | 21    |  |      | 21    |      |   | 21    |  |   | 12   
|Pre-Tax Preferred Stock Dividend Requirement           |  |                                  | -     |      |   | -     |  |      | -     |      |   | -     |  |   | -    
|Fixed Charges                                          |  | $                                | 472   |      | $ | 392   |  | $    | 387   |      | $ | 409   |  | $ | 408  
|Ratio of Earnings to Fixed Charges                     |  |                                  | 3.2   |      |   | 3.6   |  |      | 3.1   |      |   | 3.4   |  |   | 3.4