EX-12.1 6 vepco_exh121.htm VEPCO 3Q EXH 12.1 VEPCo 3Q Exh 12.1
Exhibit 12.1

Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges
(millions of dollars)

     
Years Ended
 
Nine Months
Ended
September 30,
 2006
Twelve Months
Ended
September 30,
 2006
2005
2004
2003
2002
2001
               
Earnings, as defined:
              
Earnings before income taxes and minority interests in consolidated subsidiaries
 
 
$616
 
 
$ 707
 
 
$ 754
 
 
$ 929
 
 
$ 875
 
 
$1,248
 
 
$700
Fixed charges included in the determination of net income
 
    232
 
   337
 
    333
 
    258
 
    309
 
    301
 
   309
Total earnings, as defined
$848
$1,044
$1,087
$1,187
$1,184
$1,549
$1,009
               
Fixed charges, as defined:
              
Interest charges
$231
$335
$329
$256
$318
$308
$319
Rental interest factor
    8
   11
   10
     9
    10
    10
    10
Total fixed charges, as defined
$239
$346
$339
$265
$328
$318
$329
               
Ratio of Earnings to Fixed Charges
3.55
3.02
3.21
4.48
3.61
4.87
3.07