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)	2006		2005		2004		2003		2002
Earnings
Net Income for Common	$	686	$	694	$	518	$	591	$	605
Preferred Stock Dividend		11		11		11		11		13
Cumulative Effect of Changes in Accounting Principles		-		-		-		-		-
(Income) or Loss from Equity Investees		-		-		-		-		1
Minority Interest Loss		-		-		-		-		-
Income Tax		349		330		278		367		342
Pre-Tax Income from Continuing Operations		1,046		1,035		807		969		961
Add: Fixed Charges*		472		392		387		409		408
Add: Amortization of Capitalized Interest		-		-		-		-		-
Add: Distributed Income of Equity Investees		-		-		-		-		-
Subtract: Interest Capitalized		-		-		-		-		-
Subtract: Pre-Tax Preferred Stock Dividend Requirement		-		-		-		-		-
Earnings	$	1,518	$	1,427	$	1,194	$	1,378	$	1,369
* Fixed Charges
Interest on Long-term Debt	$	370	$	333	$	317	$	333	$	333
Amortization of Debt Discount, Premium and Expense		16		17		15		13		12
Interest Capitalized		-		-		-		-		-
Other Interest		65		21		34		42		51
Interest Component of Rentals		21		21		21		21		12
Pre-Tax Preferred Stock Dividend Requirement		-		-		-		-		-
Fixed Charges	$	472	$	392	$	387	$	409	$	408
Ratio of Earnings to Fixed Charges		3.2		3.6		3.1		3.4		3.4