Virginia Electric & Power 10-Q 2014 Q1 Quarterly report

Exhibit 12.2.b

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends

(millions of dollars)

					Years Ended December 31,
	Three Months Ended March 31, 2014		Twelve Months Ended March 31, 2014		2013		2012		2011		2010		2009
Earnings, as defined:
Income from continuing operations before income tax expense	$	521	$	1,856	$	1,797	$	1,703	$	1,362	$	1,394	$	503
Fixed charges included in income		113		413		401		418		361		385		392
Total earnings, as defined	$	634	$	2,269	$	2,198	$	2,121	$	1,723	$	1,779	$	895
Fixed charges, as defined:
Interest charges	$	109	$	399	$	388	$	404	$	346	$	368	$	376
Rental interest factor		4		14		13		14		15		17		16
Fixed charges included in income		113		413		401		418		361		385		392
Preference security dividend requirement		10		29		26		27		27		27		24
Total fixed charges, as defined	$	123	$	442	$	427	$	445	$	388	$	412	$	416
Ratio of Earnings to Fixed Charges and Preferred Dividends		5.15		5.13		5.15		4.77		4.44		4.32		2.15