Exhibit 12.1

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

					Years Ended December 31,
	Three Months Ended March 31, 2009		Twelve Months Ended March 31, 2009		2008		2007		2006		2005		2004
Earnings, as defined:
Earnings from continuing operations before income taxes and minority interests in consolidated subsidiaries	$	324	$	1,341	$	1,364	$	977	$	762	$	754	$	929
Fixed charges included in the determination of net income		98		353		343		328		313		333		258
Total earnings, as defined	$	422	$	1,694	$	1,707	$	1,305	$	1,075	$	1,087	$	1,187
Fixed charges, as defined:
Interest charges	$	93	$	340	$	330	$	320	$	311	$	329	$	256
Rental interest factor		4		14		13		12		11		10		9
Total fixed charges, as defined	$	97	$	354	$	343	$	332	$	322	$	339	$	265
Ratio of Earnings to Fixed Charges		4.35		4.79		4.98		3.93		3.34		3.21		4.48