EX-12.3 4 w80586exv12w3.htm EXHIBIT 12.3 exv12w3
Exhibit 12.3
 
Washington Gas Light Company
Computation of Ratio of Earnings to Fixed Charges
 
                                         
   
    Twelve Months Ended September 30,  
   
($ in thousands)   2010     2009     2008     2007     2006  
   
FIXED CHARGES:
                                       
Interest Expense
  $ 39,217     $ 42,887     $ 45,307     $ 44,621     $ 43,316  
Amortization of Debt Premium, Discount and Expense
    417       406       410       471       566  
Interest Component of Rentals
    1,101       1,239       1,290       1,288       1,185  
Total Fixed Charges
  $ 40,735     $ 44,532     $ 47,007     $ 46,380     $ 45,067  
EARNINGS:
                                       
Net Income
  $ 102,349     $ 106,585     $ 114,182     $ 90,500     $ 85,841  
Add:
                                       
Income Taxes
    67,081       66,018       64,707       54,497       51,902  
Total Fixed Charges
    40,735       44,532       47,007       46,380       45,067  
Total Earnings
  $ 210,165     $ 217,135     $ 225,896     $ 191,377     $ 182,810  
Ratio of Earnings to Fixed Charges
    5.2       4.9       4.8       4.1       4.1