Exhibit 12.2

Con Edison Company of New York, Inc.

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	For the Nine Months Ended September 30, 2009		For the Twelve Months Ended December 31, 2008		For the Nine Months Ended September 30, 2008
Earnings
Net Income for Common	$	615	$	783	$	590
Preferred Stock Dividend		8		11		9
Cumulative Effect of Changes in Accounting Principles		—		—		—
(Income) or Loss from Equity Investees		—		—		—
Minority Interest Loss		—		—		—
Income Tax		339		397		300
Pre-Tax Income from Continuing Operations	$	962	$	1,191	$	899
Add: Fixed Charges*		434		519		379
Add: Amortization of Capitalized Interest		—		—		—
Add: Distributed Income of Equity Investees		—		—		—
Subtract: Interest Capitalized		—		—		—
Subtract: Pre-Tax Preferred Stock Dividend Requirement		—		—		—
Earnings	$	1,396	$	1,710	$	1,278
* Fixed Charges
Interest on Long-term Debt	$	387	$	458	$	335
Amortization of Debt Discount, Premium and Expense		12		15		12
Interest Capitalized		—		—		—
Other Interest		19		25		16
Interest Component of Rentals		16		21		16
Pre-Tax Preferred Stock Dividend Requirement		—		—		—
Fixed Charges	$	434	$	519	$	379
Ratio of Earnings to Fixed Charges		3.2		3.3		3.4