Exhibit 12.2a
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges
(millions of dollars)
Years Ended December 31, | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2010 | Twelve Months Ended September 30, 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle | $ | 1,214 | $ | 660 | $ | 503 | $ | 1,364 | $ | 977 | $ | 762 | $ | 754 | ||||||||||||||
Fixed charges as defined | 285 | 384 | 392 | 343 | 332 | 322 | 339 | |||||||||||||||||||||
Capitalized interest | — | — | — | — | (4 | ) | (9 | ) | (6 | ) | ||||||||||||||||||
Total earnings, as defined | $ | 1,499 | $ | 1,044 | $ | 895 | $ | 1,707 | $ | 1,305 | $ | 1,075 | $ | 1,087 | ||||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||||||
Interest charges | $ | 273 | $ | 368 | $ | 376 | $ | 330 | $ | 320 | $ | 311 | $ | 329 | ||||||||||||||
Rental interest factor | 12 | 16 | 16 | 13 | 12 | 11 | 10 | |||||||||||||||||||||
Total fixed charges, as defined | $ | 285 | $ | 384 | $ | 392 | $ | 343 | $ | 332 | $ | 322 | $ | 339 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 5.26 | 2.72 | 2.28 | 4.98 | 3.93 | 3.34 | 3.21 |