Washington Gas’ Amended Application for Replacement of Aging Infrastructure Approved by Virginia State Corporation Commission

  Washington Gas’ Amended Application for Replacement of Aging Infrastructure
  Approved by Virginia State Corporation Commission

Business Wire

WASHINGTON -- November 20, 2012

On November 15, 2012, the Virginia State Corporation Commission issued an
Order approving Washington Gas’ amended Steps to Advance Virginia’s Energy
(SAVE) Plan. Under the plan, the company will recover approximately $191.4
million in anticipated expenditures for the replacement of facilities over a
five-year period beginning January 1, 2013. The previously authorized plan
called for expenditures of $116.5 million. The approved plan will also provide
additional flexibility which will allow Washington Gas to maximize
construction efficiencies and prioritize changing leak conditions in a timely
manner.

The Commission’s action expands the scope of Washington Gas’ existing SAVE
Plan, enabling the company to enhance the accelerated replacement of aging
infrastructure and ensuring safe and reliable service to Washington Gas’
Virginia customers.

Washington Gas projects the total calendar year annual expenditures for the
amended SAVE Plan to be $40 million in 2013; $40 million in 2014; $37.1
million in 2015; $37.1 million in 2016 and $37.1 million in 2017.

Headquartered in Washington, D.C., WGL Holdings, Inc. has four operating
segments: (i) the regulated utility segment, which primarily consists of
Washington Gas Light Company, a natural gas utility that serves over one
million customers throughout metropolitan Washington, D.C., and the
surrounding region; (ii) the retail energy-marketing segment which consists of
Washington Gas Energy Services, Inc., a third-party marketer that
competitively sells natural gas and electricity; (iii) the commercial energy
systems segment, which consists of Washington Gas Energy Systems, Inc., a
provider of energy efficiency solutions to government and commercial clients
and (iv) the wholesale energy solutions segment, which consists of Capitol
Energy Ventures Corp., a non-utility asset optimization business.

Additional information about WGL Holdings, Inc. is available on its website,
wglholdings.com. Go to washingtongas.com for more information about Washington
Gas Light Company.

Contact:

Washington Gas
News Media
Ruben Rodriguez, 202-624-6620
or
Financial Community
Douglas Bonawitz, 202-624-6129
 
Press spacebar to pause and continue. Press esc to stop.