EX-99.4 12 w48131exv99w4.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, 2007
 
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
       
Preferred Stock Dividends
  $ 1,320  
Effective Income Tax Rate
    0.3748  
Complement of Effective Income Tax Rate (1-Tax Rate)
    0.6252  
Pre-Tax Preferred Stock Dividends
  $ 2,111  
 
FIXED CHARGES:
       
Interest Expense
  $ 45,009  
Amortization of Debt Premium, Discount and Expense
    456  
Interest Component of Rentals
    1,288  
 
Total Fixed Charges
    46,753  
Pre-Tax Preferred Stock Dividends
    2,111  
 
Total Fixed Charges and Preferred Stock Dividends
  $ 48,864  
 
EARNINGS:
       
Net Income before Dividends on Preferred Stock
  $ 91,578  
Add:
       
Income Taxes
    54,892  
Total Fixed Charges
    46,753  
 
Total Earnings
  $ 193,223  
 
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
    4.0