<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> SEPTEMBER DECEMBER 2001 2000 ---------- ---------- EARNINGS Net Income $ 611,719 $ 583,715 Income Tax 391,641 289,926 ---------- ---------- Total Earnings Before Income Tax 1,003,360 873,641 FIXED CHARGES* 406,236 392,347 ---------- ---------- Total Earnings Before Income Tax and Fixed Charges $1,409,596 $1,265,988 ========== ========== * Fixed Charges Interest on Long-Term Debt $ 345,699 $ 318,842 Amortization of Debt Discount, Premium and Expense 12,382 12,584 Interest on Component of Rentals 17,554 17,697 Other Interest 30,601 43,224 ---------- ---------- Total Fixed Charges $ 406,236 $ 392,347 ========== ========== Ratio of Earnings to Fixed Charges 3.47 3.23 </Table>