Washington Gas Light (WGLCP) 10-Q 2004 Q3 Quarterly report

Exhibit 99.4

WASHINGTON GAS LIGHT COMPANY

Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends (Unaudited)

($ in thousands)

Twelve Months Ended June 30, 2004

PREFERRED STOCK DIVIDENDS:
Preferred Stock Dividends	$	1,320
Effective Income Tax Rate		0.3737
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6263
Pre-Tax Preferred Stock Dividends	$	2,108
FIXED CHARGES:
Interest Expense	$	44,728
Amortization of Debt Premium, Discount and Expense		425
Interest Component of Rentals		620
Total Fixed Charges		45,773
Pre-Tax Preferred Stock Dividends		2,108
Total Fixed Charges and Preferred Stock Dividends	$	47,881
EARNINGS:
Net Income before Dividends on Preferred Stock	$	91,598
Add:
Income Taxes Applicable to Utility Operating Income		55,127
Income Taxes Applicable to Non-Utility Operating Income and Other Income (Expenses)-Net		(472	)
Total Fixed Charges		45,773
Total Earnings	$	192,026
Ratio of Earnings to Fixed Charges and Preferred Dividends		4.0