CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
                           RATIO OF EARNINGS TO FIXED CHARGES
                                   TWELVE MONTHS ENDED             

                                 (Thousands of Dollars) 



                                               JUNE             JUNE 
                                               1994             1993   
                                                       
Earnings
  Net Income                                $  718,653       $  626,460 
  
  Federal Income Tax                           385,880          211,190 

  Federal Income Tax Deferred                   26,310          144,630 
  
Investment Tax Credits Deferred                (10,760)         (13,200)

    Total Earnings Before
     Federal Income Tax                      1,120,083          969,080 
  
Fixed Charges*                                 322,107          315,173 

    Total Earnings Before Federal
     Income Tax and Fixed Charges           $1,442,190       $1,284,253 



*Fixed Charges


Interest on Long-Term Debt                  $  272,505       $  270,127 
Amortization of Debt Discount,
  Premium and Expenses                          11,053            5,831 
Interest Component of Rentals                   18,442           18,736 
Other Interest                                  20,107           20,479 

  Total Fixed Charges                       $  322,107       $  315,173 


Ratio of Earnings to Fixed Charges                4.48             4.07