Consolidated Edison Company of New York, Inc.

Exhibit 12.2

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	For the Six Months Ended June 30,				For the Y ears Ended December 31,
	2005		2004		2004		2003		2002		2001		2000
Earnings
Net Income for Common Stock	$	291	$	241	$	518	$	591	$	605	$	649	$	570
Preferred Stock Dividend		6		6		11		11		13		14		14
(Income) or Loss from Equity Investees		—		—		—		—		1		—		—
Minority Interest Loss		—		—		—		—		—		—		—
Income Tax		137		147		278		367		342		427		290
Pre-Tax Income from Continuing Operations	$	434	$	394	$	807	$	969	$	961	$	1,090	$	874
Add: Fixed Charges*		190		195		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	$	624	$	589	$	1,194	$	1,378	$	1,369	$	1,500	$	1,266
* Fixed Charges
Interest on Long-term Debt	$	164	$	161	$	317	$	333	$	333	$	347	$	319
Amortization of Debt Discount, Premium and Expense		8		7		15		13		12		13		13
Interest Capitalized		—		—		—		—		—		—		—
Other Interest		7		16		34		42		51		32		43
Interest Component of Rentals		11		11		21		21		12		18		17
Preferred Stock Dividend Requirement		—		—		—		—		—		—		—
Fixed Charges	$	190	$	195	$	387	$	409	$	408	$	410	$	392
Ratio of Earnings to Fixed Charges		3.3		3.0		3.1		3.4		3.4		3.7		3.2