Attached files
file | filename |
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10-K - 10-K - WASHINGTON GAS LIGHT CO | w76273e10vk.htm |
EX-12.1 - EX-12.1 - WASHINGTON GAS LIGHT CO | w76273exv12w1.htm |
EX-12.4 - EX-12.4 - WASHINGTON GAS LIGHT CO | w76273exv12w4.htm |
EX-24 - EX-24 - WASHINGTON GAS LIGHT CO | w76273exv24.htm |
EX-21 - EX-21 - WASHINGTON GAS LIGHT CO | w76273exv21.htm |
EX-32 - EX-32 - WASHINGTON GAS LIGHT CO | w76273exv32.htm |
EX-23 - EX-23 - WASHINGTON GAS LIGHT CO | w76273exv23.htm |
EX-31.4 - EX-31.4 - WASHINGTON GAS LIGHT CO | w76273exv31w4.htm |
EX-31.2 - EX-31.2 - WASHINGTON GAS LIGHT CO | w76273exv31w2.htm |
EX-10.2 - EX-10.2 - WASHINGTON GAS LIGHT CO | w76273exv10w2.htm |
EX-31.3 - EX-31.3 - WASHINGTON GAS LIGHT CO | w76273exv31w3.htm |
EX-31.1 - EX-31 - WASHINGTON GAS LIGHT CO | w76273exv31w1.htm |
EX-10.1 - EX-10.1 - WASHINGTON GAS LIGHT CO | w76273exv10w1.htm |
EX-12.3 - EX-12.3 - WASHINGTON GAS LIGHT CO | w76273exv12w3.htm |
Exhibit 12.2
WGL HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividends
($ in thousands) | ||||||||||||||||||||
Twelve Months Ended September 30, | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
FIXED CHARGES AND PRE-TAX PREFERRED STOCK
DIVIDENDS: |
||||||||||||||||||||
Preferred Stock Dividends |
$ | 1,320 | $ | 1,320 | $ | 1,320 | $ | 1,320 | $ | 1,320 | ||||||||||
Effective Income Tax Rate |
0.3883 | 0.3709 | 0.3910 | 0.3897 | 0.3689 | |||||||||||||||
Complement
of Effective Income Tax Rate (1-Tax Rate) |
0.6117 | 0.6291 | 0.6090 | 0.6103 | 0.6311 | |||||||||||||||
Pre-Tax Preferred Stock Dividends |
$ | 2,158 | $ | 2,098 | $ | 2,167 | $ | 2,163 | $ | 2,092 | ||||||||||
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 | |||||||||||||||
Pre-Tax Preferred Stock Dividends |
2,158 | 2,098 | 2,167 | 2,163 | 2,092 | |||||||||||||||
Total Fixed Charges and Preferred
Stock Dividends |
$ | 47,759 | $ | 50,864 | $ | 52,662 | $ | 51,763 | $ | 46,440 | ||||||||||
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 and Preferred Dividends |
5.1 | 4.6 | 4.4 | 4.0 | 4.6 | |||||||||||||||