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Content analysis
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Exhibit 12.2
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(millions of dollars)
Years Ended | ||||||||
12 months ended June 30, 2003 |
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Earnings, as defined: | ||||||||
Earnings before income taxes and minority interests in consolidated subsidiaries |
$ 1,374 |
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Fixed charges included in the determination of net income |
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Total earnings, as defined | $ 1,676 | $ 1,502 | $ 1,043 | $ 1,140 | $ 1,040 | $ 712 | ||
Fixed charges, as defined: | ||||||||
Interest charges | $ 311 | $ 311 | $ 320 | $ 297 | $ 290 | $ 319 | ||
Preference security dividend requirements of consolidated subsidiaries |
23 |
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Rental interest factor | 9 | 10 | 10 | 6 | 7 | 6 | ||
Total fixed charges, as defined | $ 343 | $ 346 | $ 368 | $ 357 | $ 354 | $ 386 | ||
Ratio of Earnings to Fixed Charges and Preferred Dividends |
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