EX-99.4 10 w73880exv99w4.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)   March 31, 2009
 
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
     
Preferred Stock Dividends
  $ 1,320
Effective Income Tax Rate
    0.3648
Complement of Effective Income Tax Rate (1-Tax Rate)
    0.6352
Pre-Tax Preferred Stock Dividends
  $ 2,078
 
FIXED CHARGES:
     
Interest Expense
  $ 44,230
Amortization of Debt Premium, Discount and Expense
    366
Interest Component of Rentals
    1,290
 
Total Fixed Charges
    45,886
Pre-Tax Preferred Stock Dividends
    2,078
 
Total Fixed Charges and Preferred Stock Dividends
  $ 47,964
 
EARNINGS:
     
Net Income before Dividends on Preferred Stock
  $ 121,245
Add:
     
Income Taxes
    69,629
Total Fixed Charges
    45,886
 
Total Earnings
  $ 236,760
 
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
    4.9