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Exhibit 12.1
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges
(millions of dollars)
Years Ended | |||||||||
3 Months Ended March 31, 2005 | 12 Months Ended March 31, 2005 |
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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 | $ 110 | $ 796 | $ 936 | $ 1,230 | $ 1,502 | $ 1,043 | $ 1,140 | ||
Fixed charges, as defined: | |||||||||
Interest charges | $ 75 | $ 266 | $ 262 | $ 320 | $ 311 | $ 320 | $ 297 | ||
Rental interest factor | 3 | 11 | 11 | 10 | 10 | 10 | 6 | ||
Total fixed charges, as defined | $ 78 | $ 277 | $ 273 | $ 330 | $ 321 | $ 330 | $ 303 | ||
Ratio of Earnings to Fixed Charges | 1.41 | 2.87 | 3.43 | 3.73 | 4.68 | 3.16 | 3.76 | ||