VIRGINIA ELECTRIC & POWER CO - FORM 10-Q - EX-12.1 - EXHIBIT 12.1

file	filename
10-Q - FORM 10-Q - VIRGINIA ELECTRIC & POWER CO	d10q.htm
EX-32 - EXHIBIT 32 - VIRGINIA ELECTRIC & POWER CO	dex32.htm
EX-99 - EXHIBIT 99 - VIRGINIA ELECTRIC & POWER CO	dex99.htm
EX-12.2 - EXHIBIT 12.2 - VIRGINIA ELECTRIC & POWER CO	dex122.htm
EX-31.1 - EXHIBIT 31.1 - VIRGINIA ELECTRIC & POWER CO	dex311.htm
EX-31.2 - EXHIBIT 31.2 - VIRGINIA ELECTRIC & POWER CO	dex312.htm

Exhibit 12.1

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)


					Years Ended December 31,
	Nine Months Ended September 30, 2009		Twelve Months Ended September 30, 2009		2008		2007			2006			2005			2004
Earnings, as defined:
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle	$	1,057	$	1,267	$	1,364	$	977		$	762		$	754		$	929

Fixed charges as defined		292		371		343		332			322			339			265

Capitalized interest		—		—		—		(4	)		(9	)		(6	)		(7	)


Total earnings, as defined	$	1,349	$	1,638	$	1,707	$	1,305		$	1,075		$	1,087		$	1,187


Fixed charges, as defined:
Interest charges	$	280	$	356	$	330	$	320		$	311		$	329		$	256
Rental interest factor		12		15		13		12			11			10			9

Total fixed charges, as defined	$	292	$	371	$	343	$	332		$	322		$	339		$	265


Ratio of Earnings to Fixed Charges		4.62		4.42		4.98		3.93			3.34			3.21			4.48

VIRGINIA ELECTRIC & POWER CO - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - November 2, 2009