EX-12.2 3 vpex122.htm EXHIBIT 12.2 12 months ended 6/30/02

Exhibit 12.2

Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(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

Preference security dividend requirements of consolidated subsidiaries



13



25



25



25



25



38



54

Rental interest factor

      6

    11

    11

    10

    10

    10

      6

Total fixed charges, as defined

$ 176

$ 317

$ 298

$ 355

$ 346

$ 368

$ 357

Ratio of Earnings to Fixed Charges and Preferred Dividends


1.66


2.50


3.14

 


3.47


4.34


2.83


3.19