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Exhibit 12.1
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges
(millions of dollars)
Nine Months Ended September 30, 2005 | Twelve Months Ended September 30, 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 | $ 77 | $ 83 | $ 936 | $ 1,230 | $ 1,502 | $ 1,043 | $ 1,140 | ||
Fixed charges, as defined: | |||||||||
Interest charges | $ 236 | $ 287 | $ 262 | $ 320 | $ 311 | $ 320 | $ 297 | ||
Rental interest factor | 9 | 12 | 11 | 10 | 10 | 10 | 6 | ||
Total fixed charges, as defined | $ 245 | $ 299 | $ 273 | $ 330 | $ 321 | $ 330 | $ 303 | ||
Ratio of Earnings to Fixed Charges | N/A | N/A | 3.43 | 3.73 | 4.68 | 3.16 | 3.76 | ||
Deficiency of Earnings to Cover Fixed Charges | $ (168) | $ (216) | N/A | N/A | N/A | N/A | N/A | ||