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

                                 (Thousands of Dollars) 




                                                MARCH           MARCH
                                                1995            1994   
                                                       

Earnings
  Net Income                                 $  745,989      $  693,892 
  Federal Income Tax                            287,480         344,270  
  Federal Income Tax Deferred                   172,450          58,130 
  Investment Tax Credits Deferred                (9,560)        (11,450)
    Total Earnings Before
     Federal Income Tax                       1,196,359       1,084,842
  Fixed Charges*                                332,848         322,456 

    Total Earnings Before Federal
     Income Tax and Fixed Charges            $1,529,207      $1,407,298 




*Fixed Charges


Interest on Long-Term Debt                   $  281,656      $  272,152 
Amortization of Debt Discount,
  Premium and Expenses                           11,487          10,221 
Interest Component of Rentals                    18,554          18,912 
Other Interest                                   21,151          21,171 

  Total Fixed Charges                        $  332,848      $  322,456 


Ratio of Earnings to Fixed Charges                 4.59            4.36