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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 12.2
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges
(millions of dollars)
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| Years Ended December 31, |
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| Six Months |
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| Twelve Months |
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| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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| 2012 |
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Earnings, as defined: |
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Income from continuing operations before income tax expense |
| $ | 1,065 |
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| $ | 2,136 |
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| $ | 1,945 |
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| $ | 1,746 |
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| $ | 1,406 |
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| $ | 1,797 |
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| $ | 1,703 |
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Fixed charges included in income |
| 264 |
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| 517 |
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| 495 |
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| 474 |
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| 438 |
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| 401 |
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| 418 |
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Total earnings, as defined |
| $ | 1,329 |
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| $ | 2,653 |
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| $ | 2,440 |
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| $ | 2,220 |
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| $ | 1,844 |
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| $ | 2,198 |
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| $ | 2,121 |
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Fixed charges, as defined: |
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Interest charges |
| $ | 255 |
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| $ | 499 |
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| $ | 478 |
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| $ | 457 |
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| $ | 425 |
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| $ | 388 |
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| $ | 404 |
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Rental interest factor |
| 9 |
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| 18 |
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| 17 |
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| 17 |
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| 13 |
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| 13 |
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| 14 |
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Total fixed charges, as defined |
| $ | 264 |
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| $ | 517 |
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| $ | 495 |
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| $ | 474 |
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| $ | 438 |
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| $ | 401 |
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| $ | 418 |
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Ratio of Earnings to Fixed Charges |
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| 5.03 |
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| 5.13 |
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| 4.93 |
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| 4.68 |
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| 4.21 |
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| 5.48 |
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| 5.07 |
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