July 31, 2014 7:17 AM ET

Gas Utilities

Company Overview of Washington Gas Light Co.

Company Overview

Washington Gas Light Company, a regulated natural gas utility, sells and delivers natural gas in the United States. It serves approximately 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. The 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 Co.

Chairman
Age: 58
President
Age: 57
Chief Financial Officer
Age: 55
Vice President
Age: 56
Principal Accounting Officer
Age: 59
Compensation as of Fiscal Year 2014.

Washington Gas Light Co. Key Developments

Washington Gas Light Co. Declares Preferred Dividend, Payable on August 1, 2014

Washington Gas Light Company declared regular dividends on all classes of its preferred stock. The dividend of $1.0625 per share on $4.25 series; dividend of $1.20 per share on $4.80 series; and dividend of $1.25 per share on $5.00 series. The dividends are payable August 1, 2014, to shareholders of record on July 10, 2014.

Washington Gas Receives DCPSC Approval to Implement First Five Years of APRP

Washington Gas, a subsidiary of WGL Holdings Inc., has received approval, granted on certain terms, from the District of Columbia Public Service Commission, or DCPSC, to implement the first five years of a 40-year accelerated pipe replacement plan, or APRP, at a cost of $110 million. The APRP is designed to reduce risk and enhance safety by replacing aging, corroded or leaking pipe in the natural gas distribution system. In subsequent orders, the DCPSC will put in place the same types of program structures, including timely cost recovery and consumer protections, which have been statutorily enacted in Maryland and Virginia. The DCPSC has not approved the funding mechanism for the APRP. Before receiving final approval, Washington Gas must submit additional information on the implementation of its APRP within 30 days of the order. The DCPSC will place the remainder of the proceeding on a fast track. Comments from other parties regarding Washington Gas' Implementation Plan are due to the DCPSC within 60 days of the Order.

Washington Gas Light Company Declares Preferred Dividend, Payable on May 1, 2014

Washington Gas Light Company declared regular dividends on all classes of its preferred stock. The dividend of $1.0625 per share on $4.25 series; dividend of $1.20 per share on $4.80 series; and dividend of $1.25 per share on $5.00 series. The dividends are payable on May 1, 2014, to shareholders of record on April 10, 2014.

Similar Private Companies By Industry

Company Name Region
Texadian Energy, Inc. United States
PennTex Midstream Partners, LLC United States
NI Energy Services, Inc. United States
Pacific Enterprises Inc. United States
New England Gas Company United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Washington Gas Light Co., please visit www.washgas.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.