WASHINGTON GAS LIGHT CO
10-K, EX-12, 2000-12-18
NATURAL GAS DISTRIBUTION
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Exhibit 12.0



 
WASHINGTON GAS LIGHT COMPANY AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Years Ended September 30,
(Dollars in Thousands)
 
 
 
 
 
 
 
2000
1999
1998
1997
1996
FIXED CHARGES:
 
 
 
 
 
Interest Expense
$ 43,535 
$ 37,437 
$ 37,473 
$ 33,599 
$ 29,876 
  Amortization of Debt Premium,
 
 
 
 
 
   Discount and Expense
346 
566 
370 
299 
256 
  Interest Component of Rentals
          12 
           12 
          12 
          17 
          96 
Total Fixed Charges
$ 43,893 
$ 38,015 
$ 37,855 
$ 33,915 
$ 30,228 
 
 
 
 
 
 
EARNINGS:
 
 
 
 
 
Net Income
$ 84,574 
$ 68,768 
$ 68,629 
$ 82,019 
$ 81,591 
Add:
 
 
 
 
 
  Income Taxes Applicable to
 
 
 
 
 
   Utility Operating Income
47,821 
38,689 
38,022 
47,864 
49,376 
 Income Taxes Applicable to
 
 
 
 
 
  Non-Utility Operating Income
 
 
 
 
 
  and Other Income (Expenses) - Net
(153)
2,887 
1,784 
577 
(629)
Total Fixed Charges
     43,893 
     38,015 
     37,855 
     33,915 
     30,228 
Total Earnings
$ 176,135 
$ 148,359 
$ 146,290 
$ 164,375 
$ 160,566 
Ratio of Earnings to Fixed Charges
            4.0
            3.9
            3.9
            4.8
            5.3


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