Exhibit 12.b

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

	Years Ended December 31,
	2009		2008		2007			2006			2005
Earnings, as defined:
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle	$	503	$	1,364	$	977		$	762		$	754
Fixed charges as defined		392		343		332			322			339
Capitalized interest		—		—		(4	)		(9	)		(6	)
Total earnings, as defined	$	895	$	1,707	$	1,305		$	1,075		$	1,087
Fixed charges, as defined:
Interest charges	$	376	$	330	$	320		$	311		$	329
Rental interest factor		16		13		12			11			10
Total fixed charges, as defined	$	392	$	343	$	332		$	322		$	339
Ratio of Earnings to Fixed Charges		2.28		4.98		3.93			3.34			3.21