Exhibit 12.b

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

	Years Ended December 31,
	2011		2010		2009		2008		2007
Earnings, as defined:
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle	$	1,362	$	1,394	$	503	$	1,364	$	977
Fixed charges as defined		361		385		392		343		332
Capitalized interest		—		—		—		—		(4	)
Total earnings, as defined	$	1,723	$	1,779	$	895	$	1,707	$	1,305
Fixed charges, as defined:
Interest charges	$	346	$	368	$	376	$	330	$	320
Rental interest factor		15		17		16		13		12
Total fixed charges, as defined	$	361	$	385	$	392	$	343	$	332
Ratio of Earnings to Fixed Charges		4.77		4.62		2.28		4.98		3.93