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Exhibit 12.2

WASHINGTON GAS LIGHT COMPANY

Computation of Ratio of Earnings to Fixed Charges and

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

 

		Twelve Months Ended September 30,
($ in thousands)		2017				2016				2015				2014				2013
EARNINGS:
Pre-Tax Net Income(a)		$	211,632			$	184,780			$	180,069			$	145,858			$	116,519
Add:
Total Fixed Charges		53,990				42,916				43,202				38,415				37,081
Total Earnings		$	265,622			$	227,696			$	223,271			$	184,273			$	153,600
FIXED CHARGES:
Interest expensed and capitalized		$	51,450			$	40,129			$	41,102			$	36,233			$	34,512
Other Interest (excluding AFUDC)		391				674				295				458				525
Amortization of Debt Premium, Discount and Expense		395				303				412				345				337
One-third of Rental Expense(b)		1,754				1,810				1,393				1,379				1,707
Total Fixed Charges		$	53,990			$	42,916			$	43,202			$	38,415			$	37,081
Ratio of Earnings to Fixed Charges		4.9				5.3				5.2				4.8				4.1
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
Pre-Tax Preferred Dividend Requirement		$	1,320			$	1,320			$	1,320			$	1,320			$	1,320
Effective Income Tax Rate		0.3773				0.3879				0.3965				0.3258				0.3793
Complement of Effective Income Tax Rate (1-Tax Rate)		0.6227				0.6121				0.6035				0.6742				0.6207
Preferred Dividend Requirement		$	2,120			$	2,157			$	2,187			$	1,958			$	2,127
Combined Fixed Charges and Preferred Dividends		$	56,110			$	45,073			$	45,389			$	40,373			$	39,208
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends		4.7				5.1				4.9				4.6				3.9

^(a) Excludes amounts attributable to income or loss from equity investees.

^(b) Management believes one-third of the total rental expense gives a reasonable estimate of total interest on rentals.