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May 24, 2015 7:26 AM ET

Gas Utilities

Company Overview of Washington Gas Light Company

Company Overview

Washington Gas Light Company, a regulated public utility, sells and delivers natural gas in the United States. As of September 30, 2014, the company served 1.1 million retail customers in the District of Columbia, adjoining areas in Maryland and Virginia, and various cities and towns in the northern Shenandoah Valley of Virginia. Washington Gas Light Company was incorporated in 1848 and is based in Washington, the District of Columbia. Washington Gas Light Company is a subsidiary of WGL Holdings, Inc.

101 Constitution Avenue, N.W.

Washington, DC 20080

United States

Founded in 1848

Phone:

703-750-4440

Key Executives for Washington Gas Light Company

Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of WGL Holdings Inc and Chief Executive Officer of WGL Holdings Inc
Age: 58
President, Chief Operating Officer, President of WGL Holdings Inc and Chief Operating Officer of WGL Holdings Inc
Age: 57
Chief Financial Officer, Senior Vice President, Chief Financial Officer of WGL Holdings Inc and Senior Vice President of Wgl Holdings Inc
Age: 55
Senior Vice President, Corporate Secretary, General Counsel, Senior Vice President of WGL Holdings Inc, Corporate Secretary of WGL Holdings Inc and General Counsel of WGL Holdings Inc
Age: 56
Senior Vice President of Strategy, Business Development & Non-Utility Operations and Senior Vice President of Strategy, Business Development & Non-Utility Operations - WGL Holdings Inc
Age: 48
Compensation as of Fiscal Year 2014.

Washington Gas Light Company Key Developments

Washington Gas to Invest $126 Million in Natural Gas Reserves Utilizing New Virginia Law

Washington Gas has signed a conditional purchase and sale agreement with Energy Corporation of America (ECA) to acquire natural gas reserves through working interests in producing natural gas wells in Pennsylvania’s Appalachian Basin. The investment of approximately $126 million in physical natural gas reserves enables Washington Gas to secure a long-term supply of natural gas that is expected to generate substantial savings for Virginia customers over the 20-year investment period. The purchase of the reserves is conditional upon approval by the Virginia State Corporation Commission. The acquired assets include 22 producing wells in Greene County, Pennsylvania, and three producing wells in Clearfield County, Pennsylvania, all of which will be operated by ECA.

Washington Gas Amends Article II of the Bylaws

On March 3, 2015, at a meeting of the board of directors of Washington Gas held after its annual meeting of shareholders, the board amended Article II, Section 1 of the bylaws of Washington Gas. The bylaw amendment increases the size of the Washington Gas board of directors from nine to ten persons. The bylaw amendment became effective immediately.

Washington Gas Light Company, Board Meeting, Mar 03, 2015

Washington Gas Light Company, Board Meeting, Mar 03, 2015. Agenda: To elect Stephen C. Beasley to serve on their respective boards as a director; and to amended Article II, Section 1 of the bylaws of the company.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 15, 2014
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