Exhibit 12.2.b
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(millions of dollars)
Nine Months Ended September 30, | Twelve September 30, | Years Ended December 31, | ||||||||||||||||||||||||||
2014 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 1,161 | $ | 1,485 | $ | 1,797 | $ | 1,703 | $ | 1,362 | $ | 1,394 | $ | 503 | ||||||||||||||
Fixed charges included in income | 331 | 435 | 401 | 418 | 361 | 385 | 392 | |||||||||||||||||||||
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Total earnings, as defined | $ | 1,492 | $ | 1,920 | $ | 2,198 | $ | 2,121 | $ | 1,723 | $ | 1,779 | $ | 895 | ||||||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||||||||||
Interest charges | $ | 321 | $ | 422 | $ | 388 | $ | 404 | $ | 346 | $ | 368 | $ | 376 | ||||||||||||||
Rental interest factor | 10 | 13 | 13 | 14 | 15 | 17 | 16 | |||||||||||||||||||||
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Fixed charges included in income | 331 | 435 | 401 | 418 | 361 | 385 | 392 | |||||||||||||||||||||
Preference security dividend requirement | 17 | 24 | 26 | 27 | 27 | 27 | 24 | |||||||||||||||||||||
Total fixed charges, as defined | $ | 348 | $ | 459 | $ | 427 | $ | 445 | $ | 388 | $ | 412 | $ | 416 | ||||||||||||||
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Ratio of Earnings to Fixed Charges and Preferred Dividends | 4.29 | 4.18 | 5.15 | 4.77 | 4.44 | 4.32 | 2.15 |