Consolidated Edison (ED) 10-Q 2005 Q2 Quarterly report

Consolidated 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,				For the Y ears Ended December 31,
	2005		2004		2004		2003		2002		2001		2000
Earnings
Net Income for Common Stock	$	291	$	241	$	518	$	591	$	605	$	649	$	570
Preferred Stock Dividend		6		6		11		11		13		14		14
(Income) or Loss from Equity Investees		—		—		—		—		1		—		—
Minority Interest Loss		—		—		—		—		—		—		—
Income Tax		137		147		278		367		342		427		290
Pre-Tax Income from Continuing Operations	$	434	$	394	$	807	$	969	$	961	$	1,090	$	874
Add: Fixed Charges*		190		195		387		409		408		410		392
Add: Amortization of Capitalized Interest
Add: Distributed Income of Equity Investees		—		—		—		—		—		—		—
Subtract: Interest Capitalized		—		—		—		—		—		—		—
Subtract: Preferred Stock Dividend Requirement		—		—		—		—		—		—		—
Earnings	$	624	$	589	$	1,194	$	1,378	$	1,369	$	1,500	$	1,266
* Fixed Charges
Interest on Long-term Debt	$	164	$	161	$	317	$	333	$	333	$	347	$	319
Amortization of Debt Discount, Premium and Expense		8		7		15		13		12		13		13
Interest Capitalized		—		—		—		—		—		—		—
Other Interest		7		16		34		42		51		32		43
Interest Component of Rentals		11		11		21		21		12		18		17
Preferred Stock Dividend Requirement		—		—		—		—		—		—		—
Fixed Charges	$	190	$	195	$	387	$	409	$	408	$	410	$	392
Ratio of Earnings to Fixed Charges		3.3		3.0		3.1		3.4		3.4		3.7		3.2