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Content analysis
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H.S. freshman Avg
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Exhibit 12.2
Virginia Electric and Power Company |
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Computation of Ratio of Earnings to Fixed Charges |
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(millions of dollars) |
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| Six Months Ended June 30, |
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| Twelve Months Ended June 30, |
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| Years Ended December 31, |
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| 2018 |
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| 2018 |
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| 2017 |
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| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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Earnings, as defined: |
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Income from continuing operations before income tax expense |
| $ | 663 |
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| $ | 1,912 |
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| $ | 2,314 |
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| $ | 1,945 |
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| $ | 1,746 |
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| $ | 1,406 |
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| $ | 1,797 |
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Fixed charges included in income |
| 276 |
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| 544 |
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| 532 |
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| 495 |
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| 474 |
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| 438 |
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| 401 |
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Total earnings, as defined |
| $ | 939 |
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| $ | 2,456 |
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| $ | 2,846 |
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| $ | 2,440 |
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| $ | 2,220 |
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| $ | 1,844 |
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| $ | 2,198 |
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Fixed charges, as defined: |
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Interest charges |
| $ | 266 |
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| $ | 524 |
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| $ | 513 |
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| $ | 478 |
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| $ | 457 |
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| $ | 425 |
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| $ | 388 |
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Rental interest factor |
| 10 |
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| 20 |
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| 19 |
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| 17 |
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| 17 |
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| 13 |
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| 13 |
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Fixed charges included in income |
| $ | 276 |
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| $ | 544 |
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| $ | 532 |
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| $ | 495 |
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| $ | 474 |
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| $ | 438 |
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| $ | 401 |
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Capitalized interest |
| 2 |
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| 3 |
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| 1 |
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| — |
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| — |
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| — |
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| — |
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Total fixed charges, as defined |
| $ | 278 |
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| $ | 547 |
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| $ | 533 |
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| $ | 495 |
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| $ | 474 |
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| $ | 438 |
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| $ | 401 |
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Ratio of Earnings to Fixed Charges |
| 3.38 |
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| 4.49 |
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| 5.34 |
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| 4.93 |
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| 4.68 |
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| 4.21 |
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| 5.48 |
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