Exhibit 12.2.b

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends

(millions of dollars)

	Six Months Ended June 30, 2010			Twelve Months Ended June  30, 2010			Years Ended December 31,
							2009			2008			2007			2006			2005
Earnings, as defined:
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle	$	604		$	1,450		$	503		$	1,364		$	977		$	762		$	754
Fixed charges as defined		202			413			416			369			357			347			364
Capitalized interest		—			—			—			—			(4	)		(9	)		(6	)
Preference security dividend requirement		(14	)		(26	)		(24	)		(26	)		(25	)		(25	)		(25	)
Total earnings, as defined	$	792		$	1,837		$	895		$	1,707		$	1,305		$	1,075		$	1,087
Fixed charges, as defined:
Interest charges	$	180		$	371		$	376		$	330		$	320		$	311		$	329
Preference security dividend requirement		14			26			24			26			25			25			25
Rental interest factor		8			16			16			13			12			11			10
Total fixed charges, as defined	$	202		$	413		$	416		$	369		$	357		$	347		$	364
Ratio of Earnings to Fixed Charges and Preferred Dividends		3.92			4.45			2.15			4.63			3.66			3.10			2.99