EX-12.2 4 d-ex122_677.htm EX-12.2 d-ex122_677.htm

Exhibit 12.2

 

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

 

Six Months
Ended June 30,
2017

 

 

Twelve Months
Ended June 30,
2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax expense

 

$

1,065

 

 

$

2,136

 

 

$

1,945

 

 

$

1,746

 

 

$

1,406

 

 

$

1,797

 

 

$

1,703

 

Fixed charges included in income

 

264

 

 

517

 

 

495

 

 

474

 

 

438

 

 

401

 

 

418

 

Total earnings, as defined

 

$

1,329

 

 

$

2,653

 

 

$

2,440

 

 

$

2,220

 

 

$

1,844

 

 

$

2,198

 

 

$

2,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

255

 

 

$

499

 

 

$

478

 

 

$

457

 

 

$

425

 

 

$

388

 

 

$

404

 

Rental interest factor

 

9

 

 

18

 

 

17

 

 

17

 

 

13

 

 

13

 

 

14

 

Total fixed charges, as defined

 

$

264

 

 

$

517

 

 

$

495

 

 

$

474

 

 

$

438

 

 

$

401

 

 

$

418

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

5.03

 

 

 

5.13

 

 

 

4.93

 

 

 

4.68

 

 

 

4.21

 

 

 

5.48

 

 

 

5.07