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

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,	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		0.3910		0.3897		0.3689		0.3812		0.3747
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6090		0.6103		0.6311		0.6188		0.6253
Pre-Tax Preferred Stock Dividends	$	2,167	$	2,163	$	2,092	$	2,133	$	2,111
FIXED CHARGES:
Interest Expense	$	48,333	$	47,593	$	42,021	$	43,097	$	44,975
Amortization of Debt Premium, Discount and Expense		562		578		821		426		855
Interest Component of Rentals		1,600		1,429		1,506		1,201		544
Total Fixed Charges		50,495		49,600		44,348		44,724		46,374
Pre-Tax Preferred Stock Dividends		2,167		2,163		2,092		2,133		2,111
Total Fixed Charges and Preferred Stock Dividends	$	52,662	$	51,763	$	46,440	$	46,857	$	48,485
EARNINGS:
Income from Continuing Operations before Dividends on Preferred Stock	$	109,220	$	96,014	$	107,392	$	100,915	$	115,783
Add:
Income Taxes		70,137		61,313		62,761		62,179		69,382
Total Fixed Charges		50,495		49,600		44,348		44,724		46,374
Total Earnings	$	229,852	$	206,927	$	214,501	$	207,818	$	231,539
Ratio of Earnings to Fixed Charges and Preferred Dividends		4.4		4.0		4.6		4.4		4.8