Exhibit 12.2

Con Edison Company of New York, Inc.

Ratio of Earnings to Fixed Charges

	For the Years Ended December 31,
(Millions of Dollars)	2005		2004		2003		2002		2001
Earnings
Net Income for Common	$	694	$	518	$	591	$	605	$	649
Preferred Stock Dividend		11		11		11		13		14
Cumulative Effect of Changes in Accounting Principles		-		-		-		-		-
(Income) or Loss from Equity Investees		-		-		-		1		-
Minority Interest Loss		-		-		-		-		-
Income Tax		330		278		367		342		427
Pre-Tax Income from Continuing Operations		1,035		807		969		961		1,090
Add: Fixed Charges*		387		387		409		408		410
Add: Amortization of Capitalized Interest		-		-		-		-		-
Add: Distributed Income of Equity Investees		-		-		-		-		-
Subtract: Interest Capitalized		-		-		-		-		-
Subtract: Pre-Tax Preferred Stock Dividend Requirement		-		-		-		-		-
Earnings	$	1,422	$	1,194	$	1,378	$	1,369	$	1,500
* Fixed Charges
Interest on Long-term Debt	$	333	$	317	$	333	$	333	$	347
Amortization of Debt Discount, Premium and Expense		17		15		13		12		13
Interest Capitalized		-		-		-		-		-
Other Interest		21		34		42		51		32
Interest Component of Rentals		16		21		21		12		18
Pre-Tax Preferred Stock Dividend Requirement		-		-		-		-		-
Fixed Charges	$	387	$	387	$	409	$	408	$	410
Ratio of Earnings to Fixed Charges		3.7		3.1		3.4		3.4		3.7