Con Edison Company of New York, Inc.

Exhibit 12.2

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	For the Nine Months Ended September 30, 2007		For the Twelve Months Ended December 31, 2006		For the Nine Months Ended September 30, 2006
Earnings
Net Income for Common	$	659	$	686	$	517
Preferred Stock Dividend		9		11		8
Income Tax		304		349		273
Pre-Tax Income from Continuing Operations	$	972	$	1,046	$	798
Add: Fixed Charges*		364		472		352
Subtract: Pre-Tax Preferred Stock Dividend Requirement		—		—		—
Earnings	$	1,336	$	1,518	$	1,150
* Fixed Charges
Interest on Long-term Debt	$	304	$	370	$	273
Amortization of Debt Discount, Premium and Expense		13		16		12
Other Interest		32		65		56
Interest Component of Rentals		15		21		11
Pre-Tax Preferred Stock Dividend Requirement		—		—		—
Fixed Charges	$	364	$	472	$	352
Ratio of Earnings to Fixed Charges		3.7		3.2		3.3