Exhibit 12.b

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

	Years Ended December 31,
	2010		2009		2008		2007			2006
Earnings, as defined:
Income from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle	$	1,394	$	503	$	1,364	$	977		$	762
Fixed charges as defined		385		392		343		332			322
Capitalized interest		—		—		—		(4	)		(9	)
Total earnings, as defined	$	1,779	$	895	$	1,707	$	1,305		$	1,075
Fixed charges, as defined:
Interest charges	$	368	$	376	$	330	$	320		$	311
Rental interest factor		17		16		13		12			11
Total fixed charges, as defined	$	385	$	392	$	343	$	332		$	322
Ratio of Earnings to Fixed Charges		4.62		2.28		4.98		3.93			3.34