Washington Gas Light (WGLCP) 10-K 2007 FY Annual report

Exhibit 12.4

WASHINGTON GAS LIGHT COMPANY
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends

($ in thousands)
Twelve Months Ended September 30,	2007		2006		2005		2004		2003
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		0.3758		0.3768		0.3469		0.3566		0.3807
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6242		0.6232		0.6531		0.6434		0.6193
Pre-Tax Preferred Stock Dividends	$	2,115	$	2,118	$	2,021	$	2,052	$	2,131
FIXED CHARGES:
Interest Expense	$	44,621	$	43,316	$	40,319	$	42,106	$	42,309
Amortization of Debt Premium, Discount and Expense		471		566		821		426		855
Interest Component of Rentals		1,288		1,185		1,266		968		594
Total Fixed Charges		46,380		45,067		42,406		43,500		43,758
Pre-Tax Preferred Stock Dividends		2,115		2,118		2,021		2,052		2,131
Total Fixed Charges and Preferred Stock Dividends	$	48,495	$	47,185	$	44,427	$	45,552	$	45,889
EARNINGS:
Net Income before Dividends on Preferred Stock	$	90,500	$	85,841	$	89,213	$	96,590	$	110,898
Add:
Income Taxes		54,497		51,902		47,393		53,544		68,167
Total Fixed Charges		46,380		45,067		42,406		43,500		43,758
Total Earnings	$	191,377	$	182,810	$	179,012	$	193,634	$	222,823
Ratio of Earnings to Fixed Charges and Preferred Dividends		3.9		3.9		4.0		4.3		4.9