On May 6, 2014, the Public Service Commission of Maryland (MDPSC) issued an Order conditionally approving Washington Gas’ amended accelerated pipeline replacement plan, commonly referred to as STRIDE, which will accelerate natural gas infrastructure upgrades and replacement projects. The plan will also provide current cost recovery for the company, reduce greenhouse gas emissions and costs to utility customers.
Washington Gas has accepted the conditions and will be able to recover eligible infrastructure replacements costs for projects initiated after January 1, 2014, that are not included in current base rates. The STRIDE surcharge will not exceed $2.00 per month for residential customers. Washington Gas will provide the MDPSC with an updated list of planned STRIDE projects for 2014 by June 5, 2014. Audits will be performed following each program year.
The plan will also provide flexibility which will allow Washington Gas, with approval from the MDPSC, to prioritize projects based on changing operating conditions, further contributing to the maintenance of a safe and reliable natural gas delivery system.
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.
- Utility Industry
- Renewable Energy & Energy Saving
- Washington Gas
- greenhouse gas emissions
Ruben Rodriguez, 202-624-6620
Douglas Bonawitz, 202-624-6129