Washington Gas Light (WGLCP) 10-K 2013 Q4 Annual report

Exhibit 12.4

WASHINGTON GAS LIGHT COMPANY

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

	Twelve Months Ended September 30,
($ in thousands)	2013		2012		2011		2010		2009
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		0.3793		0.3947		0.4449		0.3959		0.3824
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6207		0.6053		0.5551		0.6041		0.6176
Pre-Tax Preferred Stock Dividends	$	2,127	$	2,181	$	2,378	$	2,185	$	2,137
FIXED CHARGES:
Interest Expense	$	35,043	$	36,174	$	40,460	$	39,217	$	42,887
Amortization of Debt Premium, Discount and Expense		331		352		414		417		406
Interest Component of Rentals		1,707		1,360		1,267		1,101		1,239
Total Fixed Charges		37,081		37,886		42,141		40,735		44,532
Pre-Tax Preferred Stock Dividends		2,127		2,181		2,378		2,185		2,137
Total Fixed Charges and Preferred Stock Dividends	$	39,208	$	40,067	$	44,519	$	42,920	$	46,669
EARNINGS:
Net Income	$	72,322	$	110,046	$	69,590	$	102,349	$	106,585
Add:
Income Taxes		44,197		71,747		55,786		67,081		66,018
Total Fixed Charges		37,081		37,886		42,141		40,735		44,532
Total Earnings	$	153,600	$	219,679	$	167,517	$	210,165	$	217,135
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends		3.9		5.5		3.8		4.9		4.7