Attached files
Exhibit 12.2
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(millions of dollars)
| Years Ended December 31, | ||||||||||||||||||||||||||||
| Nine Months Ended September 30, 2009 |
Twelve Months Ended September 30, 2009 |
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||||||||
| Earnings, as defined: |
||||||||||||||||||||||||||||
| Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle |
$ | 1,057 | $ | 1,267 | $ | 1,364 | $ | 977 | $ | 762 | $ | 754 | $ | 929 | ||||||||||||||
| Fixed charges as defined |
312 | 397 | 369 | 357 | 347 | 364 | 290 | |||||||||||||||||||||
| Capitalized interest |
— | — | — | (4 | ) | (9 | ) | (6 | ) | (7 | ) | |||||||||||||||||
| Preference security dividend requirement |
(20 | ) | (26 | ) | (26 | ) | (25 | ) | (25 | ) | (25 | ) | (25 | ) | ||||||||||||||
| Total earnings, as defined |
$ | 1,349 | $ | 1,638 | $ | 1,707 | $ | 1,305 | $ | 1,075 | $ | 1,087 | $ | 1,187 | ||||||||||||||
| Fixed charges, as defined: |
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| Interest charges |
$ | 280 | $ | 356 | $ | 330 | $ | 320 | $ | 311 | $ | 329 | $ | 256 | ||||||||||||||
| Preference security dividend requirement |
20 | 26 | 26 | 25 | 25 | 25 | 25 | |||||||||||||||||||||
| Rental interest factor |
12 | 15 | 13 | 12 | 11 | 10 | 9 | |||||||||||||||||||||
| Total fixed charges, as defined |
$ | 312 | $ | 397 | $ | 369 | $ | 357 | $ | 347 | $ | 364 | $ | 290 | ||||||||||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends |
4.32 | 4.13 | 4.63 | 3.66 | 3.10 | 2.99 | 4.09 | |||||||||||||||||||||