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,
	Nine Months Ended September  30, 2010			Twelve Months Ended September 30, 2010			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	$	1,214		$	660		$	503		$	1,364		$	977		$	762		$	754
Fixed charges as defined		305			410			416			369			357			347			364
Capitalized interest		—			—			—			—			(4	)		(9	)		(6	)
Preference security dividend requirement		(20	)		(26	)		(24	)		(26	)		(25	)		(25	)		(25	)
Total earnings, as defined	$	1,499		$	1,044		$	895		$	1,707		$	1,305		$	1,075		$	1,087
Fixed charges, as defined:
Interest charges	$	273		$	368		$	376		$	330		$	320		$	311		$	329
Preference security dividend requirement		20			26			24			26			25			25			25
Rental interest factor		12			16			16			13			12			11			10
Total fixed charges, as defined	$	305		$	410		$	416		$	369		$	357		$	347		$	364
Ratio of Earnings to Fixed Charges and Preferred Dividends		4.91			2.55			2.15			4.63			3.66			3.10			2.99