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EXHIBIT 99.1
WASHINGTON GAS LIGHT COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS
TWELVE MONTHS ENDED MARCH 31, 1995
(Unaudited)
(Dollars in Thousands)
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
Interest Expense................................................ $ 30,896
Amortization of Debt Premium, Discount and Expense.............. 358
Interest Component of Rentals................................... 20
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Total Fixed Charges................................. 31,274
Pre-tax Preferred Dividends.................................... 2,101
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Total............................................... $ 33,375
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Preferred Dividends............................................. $ 1,334
Effective Income Tax Rate....................................... .3652
Complement of Effective Income Tax Rate (1 - Tax Rate).......... .6348
Pre-Tax Preferred Dividends..................................... $ 2,101
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EARNINGS:
Net Income...................................................... $ 56,413
Add:
Income Taxes Applicable to Operating Income......... 31,770
Income Taxes Applicable to Other Income - Net....... 681
Total Fixed Charges................................. 31,274
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Total Earnings.................................................. $ 120,138
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Ratio of Earnings to Fixed Charges and
Preferred Stock Dividends........................... 3.6
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