Exhibit 12.2b

Virginia Electric and Power Company

Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends

(millions of dollars)

							Years Ended December 31,
	Three Months Ended March 31, 2011			Twelve Months Ended March 31, 2011			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	$	448		$	1,662		$	1,394		$	503		$	1,364		$	977		$	762
Fixed charges as defined		109			418			412			416			369			357			347
Capitalized interest		—			—			—			—			—			(4	)		(9	)
Preference security dividend requirement		(7	)		(27	)		(27	)		(24	)		(26	)		(25	)		(25	)
Total earnings, as defined	$	550		$	2,053		$	1,779		$	895		$	1,707		$	1,305		$	1,075
Fixed charges, as defined:
Interest charges	$	97		$	374		$	368		$	376		$	330		$	320		$	311
Preference security dividend requirement		7			27			27			24			26			25			25
Rental interest factor		5			17			17			16			13			12			11
Total fixed charges, as defined	$	109		$	418		$	412		$	416		$	369		$	357		$	347
Ratio of Earnings to Fixed Charges and Preferred Dividends		5.05			4.91			4.32			2.15			4.63			3.66			3.10