Exhibit 12
VIRGINIA ELECTRIC AND POWER COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(millions of dollars)
Twelve Months Ended September 30 |
| |||||||
2001 | 2000 | 1999 | 1998 | 1997 | 1996 | |||
Earnings: | ||||||||
Earnings before income taxes | $ 785.0 | $ 837.4 | $ 742.7 | $387.2 | $ 718.4 | $ 701.3 | ||
Add fixed charges: | ||||||||
Interest Charges | 307.9 | 296.9 | 289.9 | 319.1 | 316.4 | 321.2 | ||
Portion of rental deemed to representative of the interest factor |
|
|
|
|
|
| ||
Total Fixed Charges | 316.6 | 303.2 | 296.8 | 325.5 | 325.0 | 327.5 | ||
Total Earnings | $1,101.6 | $1,140.6 | $1,039.5 | $712.7 | $1,043.4 | $1,028.8 | ||
Ratio of Earnings to Fixed Charges | 3.48 | 3.76 | 3.50 | 2.19 | 3.21 | 3.14 | ||
