Exhibit 12.8

Delmarva Power & Light Company

Ratio of Earnings to Fixed Charges

	Years Ended December 31,
	2012		2013		2014		2015		2016
Pre-tax income from continuing operations		118		146		169		125		13
Less: Capitalized interest		—		—		—		—		(2	)
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest		118		146		169		125		11
Fixed Charges:
Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness		49		52		49		50		51
Interest component of rental expense (a)		3		3		4		4		5
Total fixed charges		52		55		53		54		56
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and capitalized interest plus fixed charges		170		201		222		179		67
Ratio of earnings to fixed charges		3.3		3.7		4.2		3.3		1.2

(a) Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor.