WGL (WGL) 10-Q 2001 Q2 Quarterly report

EXHIBIT 99.3

WASHINGTON GAS LIGHT COMPANY

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

Twelve Months Ended March 31, 2001
(Dollars in Thousands)
(Unaudited)

PRE-TAX PREFERRED STOCK DIVIDENDS:
Preferred Dividends			$	1,320
Effective Income Tax Rate				0.3883
Complement of Effective Income Tax Rate (1-Tax Rate)				0.6117
Pre-Tax Preferred Dividends			$	2,158
FIXED CHARGES:
Interest Expense			$	47,878
Amortization of Debt Premium, Discount and Expense				390
Interest Component of Rentals				12
Total Fixed Charges				48,280
Pre-tax Preferred Dividends				2,158
		Total Fixed Charges and Preferred Stock Dividends	$	50,438
EARNINGS:
Net Income			$	96,629
Add:
	Income Taxes Applicable to Utility Operating Income			66,216
	Income Taxes Applicable to Non-Utility Operating Income			(1,191	)
	Income Taxes Applicable to Other Income (Expenses)-Net			(3,677	)
	Total Fixed Charges			48,280
Total Earnings			$	206,257
Ratio of Earnings to Fixed Charges				4.1