Exhibit 12.2

Con Edison Company of New York, Inc.

Ratio to Earnings to Fixed Charges

(Millions of Dollars)

	For the Three Months Ended		For the Twelve Months Ended December 31,
	March 31, 2003		2002		2001		2000		1999		1998
Earnings
Net Income for Common Stock	$	593	$	605	$	649	$	570	$	698	$	728
Preferred Stock Dividend	12		13		14		14		14		17
Cumulative Effect of Changes in Accounting Principles	—		—		—		—		—		—
(Income) or Loss from Equity Investees	1		1		—		—		—		1
Minority Interest Loss	—		—		—		—		—		—
Income Tax	346		342		427		290		366		414
Pre-Tax Income from Continuing Operations	$	952	$	961	$	1,090	$	874	$	1,078	$	1,160
Add: Fixed Charges*	431		408		410		392		340		346
Add: Amortization of Capitalized Interest	—		—		—		—		—		—
Add: Distributed Income of Equity Investees	—		—		—		—		—		—
Subtract: Interest Capitalized	—		—		—		—		—		—
Subtract: Preferred Stock Dividend Requirement	18		—		—		—		—		—
Earnings	$	1,365	$	1,369	$	1,500	$	1,266	$	1,418	$	1,506
* Fixed Charges
Interest on Long-term Debt	336		$	333	$	347	$	319	$	292	$	295
Amortization of Debt Discount, Premium and Expense	13		12		13		13		13		14
Interest Capitalized	—		—		—		—		—
Other Interest	50		51		32		43		17		18
Interest Component of Rentals	14		12		18		17		18		19
Preferred Stock Dividend Requirement	18		—		—		—		—		—
Fixed Charges	$	431	$	408	$	410	$	392	$	340	$	346
Ratio of Earnings to Fixed Charges	3.2		3.4		3.7		3.2		4.2		4.4

Exhibit 12.2

Consolidated Edison Company of New York, Inc.

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	Twelve Months Ended March 2003
Earnings
Net Income for Common Stock	$	593
Preferred Stock Dividend	12
Cumulative Effect of Changes in Accounting Principles	—
(Income) or Loss from Equity Investees	1
Minority Interest Loss
Income Tax	346
Pre-Tax Income from Continuing Operations	$	952
Add: Fixed Charges*	431
Add: Amortization of Capitailzed Interest	—
Add: Distributed Income of Equity Investees	—
Subtract: Interest Capitalized	—
Subtract: Preferred Stock Dividend Requirement	18
Earnings	$	1,365
* Fixed Charges
Interest on Long-term Debt	$	336
Amortization of Debt Discount, Premium and Expense	13
Interest Capitalized
Other Interest	50
Interest Component of Rentals	14
Preferred Stock Dividend Requirement	18
Fixed Charges	$	431
Ratio of Earnings to Fixed Charges	3.2