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, 2008		For the Twelve Months Ended December 31, 2007			For the Nine Months Ended September 30, 2007
Earnings
Net Income for Common	$	590	$	844		$	659
Preferred Stock Dividend		9		11			9
(Income) or Loss from Equity Investees		—		(2	)		(1	)
Income Tax		300		392			304
Pre-Tax Income from Continuing Operations	$	899	$	1,245		$	971
Add: Fixed Charges*		379		487			364
Subtract: Pre-Tax Preferred Stock Dividend Requirement		—		—			—
Earnings	$	1,278	$	1,732		$	1,335
* Fixed Charges
Interest on Long-term Debt	$	335	$	411		$	304
Amortization of Debt Discount, Premium and Expense		12		17			13
Other Interest		16		39			32
Interest Component of Rentals		16		20			15
Pre-Tax Preferred Stock Dividend Requirement		—		—			—
Fixed Charges	$	379	$	487		$	364
Ratio of Earnings to Fixed Charges		3.4		3.6			3.7