WGL (WGL) 10-Q 2007 Q3 Quarterly report

Exhibit 99.2

WGL HOLDINGS, INC. AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends (Unaudited)

	Twelve Months Ended
($ in thousands)	June 30, 2007
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
Preferred Stock Dividends	$	1,320
Effective Income Tax Rate		0.3990
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6010
Pre-Tax Preferred Stock Dividends	$	2,196
FIXED CHARGES:
Interest Expense	$	48,787
Amortization of Debt Premium, Discount and Expense		561
Interest Component of Rentals		1,429
Total Fixed Charges		50,777
Pre-Tax Preferred Stock Dividends		2,196
Total Fixed Charges and Preferred Stock Dividends	$	52,973
EARNINGS:
Income from Continuing Operations before Dividends on Preferred Stock	$	115,536
Add:
Income Taxes		76,698
Total Fixed Charges		50,777
Total Earnings	$	243,011
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends		4.6