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)	2009			2008		2007			2006		2005
Earnings
Net income for common stock	$	781		$	783	$	844		$	686	$	694
Preferred stock dividend		11			11		11			11		11
(Income) or loss from equity investees		(1	)		—		(2	)		—		—
Minority interest loss		—			—		—			—		—
Income tax		404			397		392			349		330
Pre-tax income for common stock	$	1,195		$	1,191	$	1,245		$	1,046	$	1,035
Add: Fixed charges*		582			520		487			472		391
Add: Distributed income of equity investees		—			—		—			—		—
Subtract: Interest capitalized		—			—		—			—		—
Subtract: Pre-tax preferred stock dividend requirement		—			—		—			—		—
Earnings	$	1,777		$	1,711	$	1,732		$	1,518	$	1,426
* Fixed charges
Interest on long-term debt	$	518		$	458	$	411		$	370	$	333
Amortization of debt discount, premium and expense		16			16		17			16		16
Interest capitalized		—			—		—			—		—
Other interest		27			25		39			65		21
Interest component of rentals		21			21		20			21		21
Pre-tax preferred stock dividend requirement		—			—		—			—		—
Fixed charges	$	582		$	520	$	487		$	472	$	391
Ratio of Earnings to Fixed Charges		3.1			3.3		3.6			3.2		3.6