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Exhibit 12.b
Virginia Electric and Power Company
Computation of Ratio of Earnings to Fixed Charges
(millions of dollars)
Years Ended December 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 1,945 | $ | 1,746 | $ | 1,406 | $ | 1,797 | $ | 1,703 | ||||||||||
Fixed charges included in income | 495 | 474 | 438 | 401 | 418 | |||||||||||||||
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Total earnings, as defined | $ | 2,440 | $ | 2,220 | $ | 1,844 | $ | 2,198 | $ | 2,121 | ||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||
Interest charges | $ | 478 | $ | 457 | $ | 425 | $ | 388 | $ | 404 | ||||||||||
Rental interest factor | 17 | 17 | 13 | 13 | 14 | |||||||||||||||
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Total fixed charges, as defined | $ | 495 | $ | 474 | $ | 438 | $ | 401 | $ | 418 | ||||||||||
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Ratio of Earnings to Fixed Charges | 4.93 | 4.68 | 4.21 | 5.48 | 5.07 |