EX-99.4 10 w30083exv99w4.htm EX-99.4 exv99w4
 

Exhibit 99.4
WASHINGTON GAS LIGHT COMPANY
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends (Unaudited)
         
 
    Twelve Months Ended  
($ in thousands)   December 31, 2006  
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
       
Preferred Stock Dividends
  $ 1,320  
Effective Income Tax Rate
    0.3811  
Complement of Effective Income Tax Rate (1-Tax Rate)
    0.6189  
Pre-Tax Preferred Stock Dividends
  $ 2,133  
 
FIXED CHARGES:
       
Interest Expense
  $ 43,984  
Amortization of Debt Premium, Discount and Expense
    538  
Interest Component of Rentals
    1,185  
 
Total Fixed Charges
    45,707  
 
Pre-Tax Preferred Stock Dividends
    2,133  
 
Total Fixed Charges and Preferred Stock Dividends
  $ 47,840  
 
EARNINGS:
       
Net Income before Dividends on Preferred Stock
  $ 84,004  
Add:
       
Income Taxes
    51,728  
Total Fixed Charges
    45,707  
 
Total Earnings
  $ 181,439  
 
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
    3.8