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,
	2012			2011			2010			2009			2008
Earnings, as defined:
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle	$	1,703		$	1,362		$	1,394		$	503		$	1,364
Fixed charges as defined		445			388			412			416			369
Capitalized interest		—			—			—			—			—
Preference security dividend requirement		(27	)		(27	)		(27	)		(24	)		(26	)
Total earnings, as defined	$	2,121		$	1,723		$	1,779		$	895		$	1,707
Fixed charges, as defined:
Interest charges	$	404		$	346		$	368		$	376		$	330
Preference security dividend requirement		27			27			27			24			26
Rental interest factor		14			15			17			16			13
Total fixed charges, as defined	$	445		$	388		$	412		$	416		$	369
Ratio of Earnings to Fixed Charges and Preferred Dividends		4.77			4.44			4.32			2.15			4.63