EX-12.1 4 w76273exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
WGL HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
                                         
 
($ in thousands)                              
Twelve Months Ended September 30,   2009     2008     2007     2006     2005  
 
FIXED CHARGES:
                                       
Interest Expense
  $ 43,649     $ 46,707     $ 48,333     $ 47,593     $ 42,021  
Amortization of Debt Premium, Discount and Expense
    413       450       562       578       821  
Interest Component of Rentals
    1,539       1,609       1,600       1,429       1,506  
 
Total Fixed Charges
  $ 45,601     $ 48,766     $ 50,495     $ 49,600     $ 44,348  
 
EARNINGS:
                                       
Income from Continuing Operations before Dividends on Preferred Stock
  $ 121,693     $ 117,843     $ 109,220     $ 96,014     $ 107,392  
Add:
                                       
Income Taxes
    77,274       69,491       70,137       61,313       62,761  
Total Fixed Charges
    45,601       48,766       50,495       49,600       44,348  
 
Total Earnings
  $ 244,568     $ 236,100     $ 229,852     $ 206,927     $ 214,501  
 
Ratio of Earnings to Fixed Charges
    5.4       4.8       4.6       4.2       4.8