Exhibit 12.2.a
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, 2012 | Twelve Months Ended September 30, 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle | $ | 1,343 | $ | 1,381 | $ | 1,362 | $ | 1,394 | $ | 503 | $ | 1,364 | $ | 977 | ||||||||||||||
Fixed charges as defined | 319 | 370 | 361 | 385 | 392 | 343 | 332 | |||||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | (4 | ) | ||||||||||||||||||||
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Total earnings, as defined | $ | 1,662 | $ | 1,751 | $ | 1,723 | $ | 1,779 | $ | 895 | $ | 1,707 | $ | 1,305 | ||||||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||||||||||
Interest charges | $ | 309 | $ | 356 | $ | 346 | $ | 368 | $ | 376 | $ | 330 | $ | 320 | ||||||||||||||
Rental interest factor | 10 | 14 | 15 | 17 | 16 | 13 | 12 | |||||||||||||||||||||
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Total fixed charges, as defined | $ | 319 | $ | 370 | $ | 361 | $ | 385 | $ | 392 | $ | 343 | $ | 332 | ||||||||||||||
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Ratio of Earnings to Fixed Charges | 5.21 | 4.73 | 4.77 | 4.62 | 2.28 | 4.98 | 3.93 |