Washington Gas Light (WGLCP) 10-K 2010 FY Annual report

Exhibit 12.2

WGL Holdings, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

	Twelve Months Ended September 30,
($ in thousands)	2010		2009		2008		2007		2006
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		0.3981		0.3883		0.3709		0.3910		0.3897
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6019		0.6117		0.6291		0.6090		0.6103
Pre-Tax Preferred Stock Dividends	$	2,193	$	2,158	$	2,098	$	2,167	$	2,163
FIXED CHARGES:
Interest Expense	$	39,343	$	43,649	$	46,707	$	48,333	$	47,593
Amortization of Debt Premium, Discount and Expense		434		413		450		562		578
Interest Component of Rentals		1,441		1,539		1,609		1,600		1,429
Total Fixed Charges		41,218		45,601		48,766		50,495		49,600
Pre-Tax Preferred Stock Dividends		2,193		2,158		2,098		2,167		2,163
Total Fixed Charges and Preferred Stock	$	43,411	$	47,759	$	50,864	$	52,662	$	51,763
EARNINGS:
Net Income	$	111,205	$	121,693	$	117,843	$	109,220	$	96,014
Add:
Income Taxes		73,556		77,274		69,491		70,137		61,313
Total Fixed Charges		41,218		45,601		48,766		50,495		49,600
Total Earnings	$	225,979	$	244,568	$	236,100	$	229,852	$	206,927
Ratio of Earnings to Fixed Charges and Preferred Dividends		5.2		5.1		4.6		4.4		4.0