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Constraining | ||
Legalese | ||
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8th grade Avg
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New words:
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Removed:
added, affirmed, appeal, borrower, consistent, Department, depend, depletion, draft, emitting, EPC, generic, geologic, granting, letter, measurement, mediate, organic, penalty, plaintiff, preferred, proposal, reconstructed, reissued, remain, reopen, schedule, summarizing, suspension, unfavorable, volatile
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Exhibit 12.2
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, 2015 | Twelve Months Ended September 30, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 1,464 | $ | 1,709 | $ | 1,406 | $ | 1,797 | $ | 1,703 | $ | 1,362 | $ | 1,394 | ||||||||||||||
Fixed charges included in income | 354 | 461 | 438 | 401 | 418 | 361 | 385 | |||||||||||||||||||||
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Total earnings, as defined | $ | 1,818 | $ | 2,170 | $ | 1,844 | $ | 2,198 | $ | 2,121 | $ | 1,723 | $ | 1,779 | ||||||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||||||||||
Interest charges | $ | 342 | $ | 446 | $ | 425 | $ | 388 | $ | 404 | $ | 346 | $ | 368 | ||||||||||||||
Rental interest factor | 12 | 15 | 13 | 13 | 14 | 15 | 17 | |||||||||||||||||||||
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Total fixed charges, as defined | $ | 354 | $ | 461 | $ | 438 | $ | 401 | $ | 418 | $ | 361 | $ | 385 | ||||||||||||||
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Ratio of Earnings to Fixed Charges | 5.14 | 4.71 | 4.21 | 5.48 | 5.07 | 4.77 | 4.62 |