Washington Gas, a subsidiary of WGL (WGL), has received approval, granted on certain terms, from the District of Columbia Public Service Commission (DCPSC) to implement the first five years of a 40-year Accelerated Pipe Replacement Plan (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.
“We are pleased that the Commission is working collaboratively with us on improving the District’s aging gas pipeline infrastructure at a faster rate,” said Terry D. McCallister, WGL, and Washington Gas Chairman and CEO. “This will allow us to continue to provide our customers with safe and reliable natural gas service for decades to come.”
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.
Headquartered in Washington, D.C., WGL Holdings, Inc. [NYSE: WGL] is a leading source for clean and efficient energy solutions. Through our affiliates and strategic relationships, the Company offers a diverse set of energy sources including natural gas, wind, and solar as well as a range of energy solutions – generation, storage, transportation, distribution, supply, and efficiency – which serve customers in more than 25 states. WGL has five main operating units: Washington Gas Light Company, a regulated natural gas utility serving approximately 1.1 million customers in the metropolitan Washington, D.C. area; Washington Gas Energy Services, Inc., one of the largest natural gas, electricity and green energy suppliers in the Mid-Atlantic; Washington Gas Energy Systems, Inc., a distributed generation and energy efficiency business, offering solar, fuel cell, combined heat and power, and other technologies across the United States; WGL Midstream, a wholesale energy solutions business, investing in and optimizing natural gas pipelines and storage facilities in the Midwest and Eastern United States; and Hampshire Gas, a natural gas storage business which owns and operates facilities in and around Hampshire County, West Virginia. As product and service innovation are critical for value creation and sustaining growth, we are continuously increasing our assets and investments in targeted clean energy sectors. This strategy supports WGL’s core business, as well as provides opportunity for growth through partnerships and investments. WGL’s diversity is its strength. We are dedicated to the sustainability of our business, the customers and communities we serve, and the environment. To learn more, visit www.wglholdings.com.
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Ruben Rodriguez, 202-624-6620
Douglas Bonawitz, 202-624-6129