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Moody's Investors Service ("Moody's") today affirmed the ratings of SEMCO Energy, Inc. (SEMCO) including its Baa1 issuer rating and A2 senior secured rating. "The rating affirmation and stable outlook reflect credit supportive regulation and Moody's expectation that SEMCO will maintain a financial profile and metrics appropriate for the current rating in spite of a decline in cash flow due to tax reform, reduced revenues from the utility's relatively small natural gas storage segment and temporary pressure from a large capital project ahead of the company in 2019" stated Nana Hamilton, analyst. Over the last 3 years, SEMCO has maintained strong financial metrics, including cash flow from operations before working capital changes (CFO pre-WC) to debt averaging approximately 23.5%.
Moody's Investors Service, ("Moody's") downgraded the long-term ratings of WGL Holdings, Inc. (WGL, senior unsecured to Baa1 from A3) and its subsidiary Washington Gas Light Company (Washington Gas, senior unsecured to A2 from A1). WGL's P-2 commercial paper rating and Washington Gas' P-1 commercial paper rating were affirmed.
NEW YORK , July 5, 2018 /PRNewswire/ -- Visteon Corp. (NASD: VC) will replace WGL Holdings Inc. (NYSE: WGL) in the S&P MidCap 400 effective prior to the open of trading on Wednesday, July 11 . AltaGas ...
WGL Holdings, Inc. (WGL) and AltaGas Ltd. (ALA.TO) announced today that they and the other parties to their unanimous settlement agreement signed in May have accepted the conditions imposed by the Public Service Commission of the District of Columbia (DC PSC). The Commission unanimously approved the settlement agreement June 28 and issued its order on June 29.
CALGARY , July 2, 2018 /CNW/ - AltaGas Ltd. (AltaGas) (ALA.TO) and WGL Holdings, Inc. (WGL) (WGL) announced today that they and the other parties to the unanimous settlement agreement dated May 8, 2018 , have accepted the conditions outlined in the June 29, 2018 written Order of the Public Service Commission of the District of Columbia (DC PSC) approving the combination of AltaGas and WGL (the WGL Acquisition). A statement of acceptance was filed with the DC PSC today.
The Tax Cuts and Jobs Act — amended in late 2017 — came into effect on Jan 1, 2018 and has clearly led to this entire bill reduction. The company’s customers, particularly residing in Indiana, would save approximately $142 million in annual tax on their electric bills. The company is expected to reach an agreement to impart the tax savings to its consumers via a slashed electric rate over the next two years.
"We are pleased the DC PSC is prepared to unanimously approve the proposed combination of AltaGas and WGL," said David Harris , President and Chief Executive Officer of AltaGas. "The Commission indicated the written order will include certain additional conditions, in alignment with the unanimous settlement agreement.
Williams (WMB) expects to take around 10 months to a year for the completion of the project, once it receives the required permits.
According to a new 2018 Cogent Reports™ study released by Market Strategies International, Washington Gas Light Company, a WGL Holdings, Inc. (WGL) company, has been rated a Most Trusted Brand for the second consecutive year among residential utility customers. Washington Gas earned recognition based on multiple strengths, including the ability to meet consumer demand for new energy sources and innovative offerings as a trusted energy advisor to its customers, consistently earning the trust of its customer base, establishing a reputation as an industry leader in innovation, as well as successfully achieving customer adoption of its enhanced solutions and services. In this year’s survey, Washington Gas improved its brand trust standing by 14 points from the 2017 report.
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between WGL Holdings Inc (NYSE:WGL)’s fundamentalsRead More...
A first-ever national research study ranking the top 100 performing solar projects has recognized three solar facilities owned and operated by WGL Energy Systems , a WGL Holdings company , as among the highest performing in the industry.