Exhibit 12.2
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(millions of dollars)
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12 months ended June 30, 2002 |
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Earnings, as defined: | ||||||||
Earnings before income taxes and minority interests in consolidated subsidiaries |
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Fixed charges included in the determination of net income |
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Total earnings, as defined | $1,290.4 | $1,043.4 | $1,140.6 | $1,039.5 | $712.7 | $1,043.4 | ||
Fixed charges, as defined: | ||||||||
Interest charges | $309.8 | $320.2 | $296.9 | $289.9 | $319.1 | $316.4 | ||
Preference security dividend requirements of consolidated subsidiaries |
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Rental interest factor | 10.4 | 10.1 | 6.3 | 6.9 | 6.4 | 8.6 | ||
Total fixed charges, as defined | $351.2 | $368.1 | $357.2 | $353.5 | $386.1 | $380.1 | ||
Ratio of Earnings to Fixed Charges and Preferred Dividends |
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