Exhibit 12.1

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

	Six Months Ended June 30, 2009		Twelve Months Ended June 30, 2009		Years Ended December 31,
					2008		2007			2006			2005			2004
Earnings, as defined:
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle	$	559	$	1,254	$	1,364	$	977		$	762		$	754		$	929
Fixed charges as defined		192		361		343		332			322			339			265
Capitalized interest		—		—		—		(4	)		(9	)		(6	)		(7	)
Total earnings, as defined	$	751	$	1,615	$	1,707	$	1,305		$	1,075		$	1,087		$	1,187
Fixed charges, as defined:
Interest charges	$	185	$	347	$	330	$	320		$	311		$	329		$	256
Rental interest factor		7		14		13		12			11			10			9
Total fixed charges, as defined	$	192	$	361	$	343	$	332		$	322		$	339		$	265
Ratio of Earnings to Fixed Charges		3.91		4.47		4.98		3.93			3.34			3.21			4.48