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Exhibit 12.2

Con Edison Company of New York, Inc.

RATIO TO EARNINGS TO FIXED CHARGES
(MILLIONS OF DOLLARS)

	For the Six Months Ended June 30, 2003		For the Twelve Months Ended June 30, 2003		For the Twelve Months Ended December 31,
					2002		2001		2000		1999		1998
Earnings
Net Income for Common Stock	$	203	$	561	$	605	$	649	$	570	$	698	$	728
Preferred Stock Dividend		6		11		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		126		331		342		427		290		366		414
Pre-Tax Income from Continuing Operations	$	335	$	904	$	961	$	1,090	$	874	$	1,078	$	1,160
Add: Fixed Charges*		198		418		408		410		392		340		346
Add: Amortization of Capitalized Interest		—		—		—		—		—		—		—
Add: Distributed Income of Equity Investees		—		—		—		—		—		—		—
Subtract: Interest Capitalized		—		—		—		—		—		—		—
Subtract: Preferred Stock Dividend Requirement		—		—		—		—		—		—		—
Earnings	$	533	$	1,322	$	1,369	$	1,500	$	1,266	$	1,418	$	1,506
*Fixed Charges
Interest on Long-term Debt	$	169	$	339	$	333	$	347	$	319	$	292	$	295
Amortization of Debt Discount, Premium and Expense		6		12		12		13		13		13		14
Interest Capitalized		—		—		—		—		—		—		—
Other Interest		14		50		51		32		43		17		18
Interest Component of Rentals		9		17		12		18		17		18		19
Preferred Stock Dividend Requirement		—		—		—		—		—		—		—
Fixed Charges	$	198	$	418	$	408	$	410	$	392	$	340	$	346
Ratio of Earnings to Fixed Charges		2.7		3.2		3.4		3.7		3.2		4.2		4.4

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Exhibit 12.2

Con Edison Company of New York, Inc. RATIO TO EARNINGS TO FIXED CHARGES (MILLIONS OF DOLLARS)