Consolidated Edison (ED) 10-Q 2011 Q2 Quarterly report

Exhibit 12.2

Con Edison Company of New York, Inc.

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	For the Six Months Ended June 30, 2011		For the Twelve Months Ended December 31, 2010		For the Six Months Ended June 30, 2010
Earnings
Net income for common stock	$	426	$	893	$	378
Preferred stock dividend		6		11		6
(Income) or loss from equity investees		—		2		—
Minority interest loss		—		—		(1	)
Income tax		220		495		207
Pre-tax income for common stock	$	652	$	1,401	$	590
Add: Fixed charges*		284		578		287
Add: Distributed income of equity investees		—		—		—
Subtract: Interest capitalized		—		—		—
Subtract: Pre-tax preferred stock dividend requirement		—		—		—
Earnings	$	936	$	1,979	$	877
* Fixed charges
Interest on long-term debt	$	253	$	520	$	261
Amortization of debt discount, premium and expense		10		17		8
Interest capitalized		—		—		—
Other interest		10		19		8
Interest component of rentals		11		22		10
Pre-tax preferred stock dividend requirement		—		—		—
Fixed charges	$	284	$	578	$	287
Ratio of Earnings to Fixed Charges		3.3		3.4		3.1