<Page> Exhibit 12.2 CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. RATIO OF EARNINGS TO FIXED CHARGES ---------------------------------- TWELVE MONTHS ENDED ------------------- (Thousands of Dollars) <Table> <Caption> JUNE DECEMBER 2001 2000 ---------- ---------- EARNINGS Net Income $ 609,016 $ 583,715 Income Tax 351,430 289,926 ---------- ---------- Total Earnings Before Income Tax 960,446 873,641 FIXED CHARGES* 405,171 392,347 ---------- ---------- Total Earnings Before Income Tax and Fixed Charges $1,365,617 $1,265,988 ========== ========== * Fixed Charges Interest on Long-Term Debt $ 339,697 $ 318,842 Amortization of Debt Discount, Premium and Expense 12,324 12,584 Interest on Component of Rentals 17,708 17,697 Other Interest 35,442 43,224 ---------- ---------- Total Fixed Charges $ 405,171 $ 392,347 ========== ========== Ratio of Earnings to Fixed Charges 3.37 3.23 </Table>