Con 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, 2008		For the Twelve Months Ended December 31, 2007			For the Six Months Ended June 30, 2007
Earnings
Net Income for Common	$	340	$	844		$	375
Preferred Stock Dividend		6		11			6
(Income) or Loss from Equity Investees		—		(2	)		0
Income Tax		156		392			197
Pre-Tax Income from Continuing Operations	$	502	$	1,245		$	578
Add: Fixed Charges*		247		487			242
Subtract: Pre-Tax Preferred Stock Dividend Requirement		—		—			—
Earnings	$	749	$	1,732		$	820
* Fixed Charges
Interest on Long-term Debt	$	219	$	411		$	200
Amortization of Debt Discount, Premium and Expense		8		17			9
Other Interest		10		39			23
Interest Component of Rentals		10		20			10
Pre-Tax Preferred Stock Dividend Requirement		—		—			—
Fixed Charges	$	247	$	487		$	242
Ratio of Earnings to Fixed Charges		3.0		3.6			3.4