WASHINGTON GAS LIGHT CO - FORM 10-K - EX-12.4 - November 25, 2009

Attached files

file filename
10-K - 10-K - WASHINGTON GAS LIGHT COw76273e10vk.htm
EX-12.1 - EX-12.1 - WASHINGTON GAS LIGHT COw76273exv12w1.htm
EX-24 - EX-24 - WASHINGTON GAS LIGHT COw76273exv24.htm
EX-21 - EX-21 - WASHINGTON GAS LIGHT COw76273exv21.htm
EX-32 - EX-32 - WASHINGTON GAS LIGHT COw76273exv32.htm
EX-23 - EX-23 - WASHINGTON GAS LIGHT COw76273exv23.htm
EX-31.4 - EX-31.4 - WASHINGTON GAS LIGHT COw76273exv31w4.htm
EX-31.2 - EX-31.2 - WASHINGTON GAS LIGHT COw76273exv31w2.htm
EX-10.2 - EX-10.2 - WASHINGTON GAS LIGHT COw76273exv10w2.htm
EX-31.3 - EX-31.3 - WASHINGTON GAS LIGHT COw76273exv31w3.htm
EX-31.1 - EX-31 - WASHINGTON GAS LIGHT COw76273exv31w1.htm
EX-10.1 - EX-10.1 - WASHINGTON GAS LIGHT COw76273exv10w1.htm
EX-12.3 - EX-12.3 - WASHINGTON GAS LIGHT COw76273exv12w3.htm
EX-12.2 - EX-12.2 - WASHINGTON GAS LIGHT COw76273exv12w2.htm
Exhibit 12.4
WASHINGTON GAS LIGHT COMPANY
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
     0.3824       0.3617       0.3758       0.3768       0.3469  
Complement of Effective Income Tax Rate (1-Tax Rate)
     0.6176       0.6383       0.6242       0.6232       0.6531  
Pre-Tax Preferred Stock Dividends
   $ 2,137     $ 2,068     $ 2,115     $ 2,118     $ 2,021  
 
FIXED CHARGES:
                                        
Interest Expense
   $ 42,887     $ 45,307     $ 44,621     $ 43,316     $ 40,319  
Amortization of Debt Premium, Discount and Expense
     406       410       471       566       821  
Interest Component of Rentals
     1,239       1,290       1,288       1,185       1,266  
 
Total Fixed Charges
     44,532       47,007       46,380       45,067       42,406  
Pre-Tax Preferred Stock Dividends
     2,137       2,068       2,115       2,118       2,021  
 
Total Fixed Charges and Preferred Stock Dividends
   $ 46,669     $ 49,075     $ 48,495     $ 47,185     $ 44,427  
 
EARNINGS:
                                        
Net Income before Dividends on Preferred Stock
   $ 106,585     $ 114,182     $ 90,500     $ 85,841     $ 89,213  
Add:
                                        
Income Taxes
     66,018       64,707       54,497       51,902       47,393  
Total Fixed Charges
     44,532       47,007       46,380       45,067       42,406  
 
Total Earnings
   $ 217,135     $ 225,896     $ 191,377     $ 182,810     $ 179,012  
 
Ratio of Earnings to Fixed Charges and Preferred Dividends
     4.7       4.6       3.9       3.9       4.0  
 

WASHINGTON GAS LIGHT CO Reports