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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, 2016 | Twelve Months Ended September 30, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 1,683 | $ | 1,965 | $ | 1,746 | $ | 1,406 | $ | 1,797 | $ | 1,703 | $ | 1,362 | ||||||||||||||
Fixed charges included in income | 369 | 489 | 474 | 438 | 401 | 418 | 361 | |||||||||||||||||||||
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Total earnings, as defined | $ | 2,052 | $ | 2,454 | $ | 2,220 | $ | 1,844 | $ | 2,198 | $ | 2,121 | $ | 1,723 | ||||||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||||||||||
Interest charges | $ | 356 | $ | 471 | $ | 457 | $ | 425 | $ | 388 | $ | 404 | $ | 346 | ||||||||||||||
Rental interest factor | 13 | 18 | 17 | 13 | 13 | 14 | 15 | |||||||||||||||||||||
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Total fixed charges, as defined | $ | 369 | $ | 489 | $ | 474 | $ | 438 | $ | 401 | $ | 418 | $ | 361 | ||||||||||||||
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Ratio of Earnings to Fixed Charges | 5.56 | 5.02 | 4.68 | 4.21 | 5.48 | 5.07 | 4.77 | |||||||||||||||||||||