EX-12.2 10 dex122.htm RATIO OF EARNINGS TO FIXED CHARGES Prepared by R.R. Donnelley Financial -- Ratio of Earnings to Fixed Charges
 
EXHIBIT 12.2
VIRGINIA ELECTRIC AND POWER COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
 
(millions, except ratios)
 
      
12 Months Ended
   
Twelve Months Ended December 31,
      
3/31/2002
   
2001
   
2000
   
1999
   
1998
   
1997
Income before Income Taxes and Minority Interests
     
935.8
   
732.8
   
837.4
   
742.7
   
387.2
   
718.4
Fixed charges
     
362.3
   
368.1
   
357.2
   
353.5
   
386.1
   
380.1
      
  
  
  
  
  
      
1,298.1
   
1,100.9
   
1,194.6
   
1,096.2
   
773.3
   
1,098.5
Interest capitalized
     
18.7
   
19.7
   
—  
   
—  
   
—  
   
—  
Preference security dividend requirements of consolidated subsidiaries
     
33.2
   
37.8
   
54.0
   
56.7
   
60.6
   
55.1
      
  
  
  
  
  
      
51.9
   
57.5
   
54.0
   
56.7
   
60.6
   
55.1
      
  
  
  
  
  
Total Earnings
     
1,246.2
   
1,043.4
   
1,140.6
   
1,039.5
   
712.7
   
1,043.4
      
  
  
  
  
  
RATIO OF EARNINGS TO FIXED CHARGES & PREFERRED DIVIDENDS
     
3.44
   
2.83
   
3.19
   
2.94
   
1.85
   
2.74