Exhibit 12.2.b

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends

(millions of dollars)

							Years Ended December 31,
	Nine Months Ended September  30, 2012			Twelve Months Ended September  30, 2012			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	$	1,343		$	1,381		$	1,362		$	1,394		$	503		$	1,364		$	977
Fixed charges as defined		339			397			388			412			416			369			357
Capitalized interest		—			—			—			—			—			—			(4	)
Preference security dividend requirement		(20	)		(27	)		(27	)		(27	)		(24	)		(26	)		(25	)
Total earnings, as defined	$	1,662		$	1,751		$	1,723		$	1,779		$	895		$	1,707		$	1,305
Fixed charges, as defined:
Interest charges	$	309		$	356		$	346		$	368		$	376		$	330		$	320
Preference security dividend requirement		20			27			27			27			24			26			25
Rental interest factor		10			14			15			17			16			13			12
Total fixed charges, as defined	$	339		$	397		$	388		$	412		$	416		$	369		$	357
Ratio of Earnings to Fixed Charges and Preferred Dividends		4.90			4.41			4.44			4.32			2.15			4.63			3.66