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)	December 31, 2007
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
Preferred Stock Dividends	$	1,320
Effective Income Tax Rate		0.3910
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6090
Pre-Tax Preferred Stock Dividends	$	2,167
FIXED CHARGES:
Interest Expense	$	48,068
Amortization of Debt Premium, Discount and Expense		535
Interest Component of Rentals		1,600
Total Fixed Charges		50,203
Pre-Tax Preferred Stock Dividends		2,167
Total Fixed Charges and Preferred Stock Dividends	$	52,370
EARNINGS:
Net Income before Dividends on Preferred Stock	$	111,319
Add:
Income Taxes		71,456
Total Fixed Charges		50,203
Total Earnings	$	232,978
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends		4.4