EX-12.1 2 vpex121.htm EXHIBIT 12.1 12 months ended 6/30/02

Exhibit 12.1

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




Six Months Ended
June 30,
2005



Twelve
Months
Ended
June 30,
2005







2004







2003







2002







2001







2000

Earnings, as defined:

Earnings before income taxes and minority interests in consolidated subsidiaries


$ 132


$ 504


$ 670


$ 919


$  1,198


$  733


$  837

Fixed charges included in the determination of net income


  160


  287


  266


   311


    304


    310


     303

Total earnings, as defined

$ 292

$ 791

$ 936

$ 1,230

$ 1,502

$ 1,043

$ 1,140

Fixed charges, as defined:

Interest charges

$ 157

$ 281

$ 262

$ 320

$ 311

$ 320

$ 297

Rental interest factor

     6

    11

    11

    10

    10

   10

     6

Total fixed charges, as defined

$ 163

$ 292

$ 273

$ 330

$ 321

$ 330

$ 303

Ratio of Earnings to Fixed Charges

1.79

2.71

3.43

3.73

4.68

3.16

3.76