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10-K - 10-K - WASHINGTON GAS LIGHT COw76273e10vk.htm
EX-12.1 - EX-12.1 - WASHINGTON GAS LIGHT COw76273exv12w1.htm
EX-12.4 - EX-12.4 - WASHINGTON GAS LIGHT COw76273exv12w4.htm
EX-24 - EX-24 - WASHINGTON GAS LIGHT COw76273exv24.htm
EX-21 - EX-21 - WASHINGTON GAS LIGHT COw76273exv21.htm
EX-32 - EX-32 - WASHINGTON GAS LIGHT COw76273exv32.htm
EX-23 - EX-23 - WASHINGTON GAS LIGHT COw76273exv23.htm
EX-31.4 - EX-31.4 - WASHINGTON GAS LIGHT COw76273exv31w4.htm
EX-31.2 - EX-31.2 - WASHINGTON GAS LIGHT COw76273exv31w2.htm
EX-10.2 - EX-10.2 - WASHINGTON GAS LIGHT COw76273exv10w2.htm
EX-31.3 - EX-31.3 - WASHINGTON GAS LIGHT COw76273exv31w3.htm
EX-31.1 - EX-31 - WASHINGTON GAS LIGHT COw76273exv31w1.htm
EX-10.1 - EX-10.1 - WASHINGTON GAS LIGHT COw76273exv10w1.htm
EX-12.3 - EX-12.3 - WASHINGTON GAS LIGHT COw76273exv12w3.htm
Exhibit 12.2
WGL HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends
                                         
 
($ in thousands)                              
Twelve Months Ended September 30,   2009     2008     2007     2006     2005  
 
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
                                       
Preferred Stock Dividends
  $ 1,320     $ 1,320     $ 1,320     $ 1,320     $ 1,320  
Effective Income Tax Rate
    0.3883       0.3709       0.3910       0.3897       0.3689  
Complement of Effective Income Tax Rate (1-Tax Rate)
    0.6117       0.6291       0.6090       0.6103       0.6311  
Pre-Tax Preferred Stock Dividends
  $ 2,158     $ 2,098     $ 2,167     $ 2,163     $ 2,092  
 
FIXED CHARGES:
                                       
Interest Expense
  $ 43,649     $ 46,707     $ 48,333     $ 47,593     $ 42,021  
Amortization of Debt Premium, Discount and Expense
    413       450       562       578       821  
Interest Component of Rentals
    1,539       1,609       1,600       1,429       1,506  
 
Total Fixed Charges
    45,601       48,766       50,495       49,600       44,348  
Pre-Tax Preferred Stock Dividends
    2,158       2,098       2,167       2,163       2,092  
 
Total Fixed Charges and Preferred Stock Dividends
  $ 47,759     $ 50,864     $ 52,662     $ 51,763     $ 46,440  
 
EARNINGS:
                                       
Income from Continuing Operations before Dividends on Preferred Stock
  $ 121,693     $ 117,843     $ 109,220     $ 96,014     $ 107,392  
Add:
                                       
Income Taxes
    77,274       69,491       70,137       61,313       62,761  
Total Fixed Charges
    45,601       48,766       50,495       49,600       44,348  
 
Total Earnings
  $ 244,568     $ 236,100     $ 229,852     $ 206,927     $ 214,501  
 
Ratio of Earnings to Fixed Charges and Preferred Dividends
    5.1       4.6       4.4       4.0       4.6