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CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

Ratio of Earnings to Fixed Charges
Twelve Months Ended
(Thousands of Dollars)

			March 2002		December 2001
Earnings
	Net Income		$	641,896	$	663,061
	Income Tax			405,311		427,168
		Total Earnings Before Income Tax		1,047,207		1,090,229
Fixed Charges*				405,507		409,588
		Total Earnings Before Income Tax and Fixed Charges	$	1,452,714	$	1,499,817
	* Fixed Charges
	Interest on Long-Term Debt		$	342,390	$	347,260
	Amortization of Debt Discount, Premium and Expense			12,634		12,527
	Interest on Component of Rentals			17,466		17,478
	Other Interest			33,017		32,323
		Total Fixed Charges	$	405,507	$	409,588
	Ratio of Earnings to Fixed Charges			3.58		3.66

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CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. Ratio of Earnings to Fixed Charges Twelve Months Ended (Thousands of Dollars)