Exhibit 12.c

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends

(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		388			412			416			369			357
Capitalized interest		—			—			—			—			(4	)
Preference security dividend requirement		(27	)		(27	)		(24	)		(26	)		(25	)
Total earnings, as defined	$	1,723		$	1,779		$	895		$	1,707		$	1,305
Fixed charges, as defined:
Interest charges	$	346		$	368		$	376		$	330		$	320
Preference security dividend requirement		27			27			24			26			25
Rental interest factor		15			17			16			13			12
Total fixed charges, as defined	$	388		$	412		$	416		$	369		$	357
Ratio of Earnings to Fixed Charges and Preferred Dividends		4.44			4.32			2.15			4.63			3.66