WGL (WGL) 10-Q 2001 Q1 Quarterly report

EXHIBIT 99.1

WGL HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends
Twelve Months Ended December 31, 2000
(Unaudited)
(Dollars in Thousands)

Pre-Tax Preferred Stock Dividends
Preferred Dividends	$        1,320
Effective Income Tax Rate	0.3658
Complement of Effective Income Tax Rate (1-Tax Rate)	0.6342
Pre-tax Preferred Dividends	$        2,081
Fixed Charges
Interest Expense	$      45,949
Amortization of Debt Premium, Discount and Expense	379
Interest Component Charges	12
Total Fixed Charges	46,340
Pre-tax Preferred Dividends	.          2,081
Total	$      48,421
Earnings
Net Income	$      94,226
Add:
Income Taxes Applicable to Utility Operating Income	58,141
Income Taxes Applicable to Non-Utility Operating Income	(100)
Income Taxes Applicable to Other Income (Expenses)--Net	.       (2,929)
Total Fixed Charges	46,340
Total Earnings	$    195,678
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends	.              4.0