Exhibit 12.2

Con Edison Company of New York, Inc.

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	For the Twelve Months Ended December 31,
	2004		2003		2002		2001		2000
Earnings
Net Income		518	$	591	$	605	$	649	$	570
Preferred Stock Dividend		11		11		13		14		14
Cumulative Effect of Changes in Accounting Principles		-		-		-		-		-
(Income) or Loss from Equity Investees		-		-		1		-		-
Minority Interest Loss		-		-		-		-		-
Income Tax		278		367		342		427		290
Pre-Tax Income from Continuing Operations	$	807	$	969	$	961	$	1,090	$	874
Add: Fixed Charges*		387		409		408		410		392
Add: Amortization of Capitalized Interest		-		-		-		-		-
Add: Distributed Income of Equity Investees		-		-		-		-		-
Subtract: Interest Capitalized		-		-		-		-		-
Subtract: Preferred Stock Dividend Requirement		-		-		-		-		-
Earnings	$	1,194	$	1,378	$	1,369	$	1,500	$	1,266
* Fixed Charges
Interest on Long-term Debt	$	317	$	333	$	333	$	347	$	319
Amortization of Debt Discount, Premium and Expense		15		13		12		13		13
Interest Capitalized		-		-		-		-		-
Other Interest		34		42		51		32		43
Interest Component of Rentals		21		21		12		18		17
Preferred Stock Dividend Requirement		-		-		-		-		-
Fixed Charges	$	387	$	409	$	408	$	410	$	392
Ratio of Earnings to Fixed Charges		3.1		3.4		3.4		3.7		3.2