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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 ...
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.
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.
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.
Washington Gas, a WGL Company (WGL), today filed a 5-year plan with the Maryland Public Service Commission to continue progress in the Company’s Strategic Infrastructure Development and Enhancement (STRIDE) initiative to replace aging pipelines in its natural gas system throughout the state. STRIDE allows Washington Gas to recover its costs as investments are made, enabling the acceleration of natural gas infrastructure replacement. The new plan proposes to replace 120 miles of pipeline and 14,400 services in Maryland between 2019 and 2023.
WGL Holdings, Inc. (WGL) declared a regular quarterly dividend of $0.515 per share of common stock, subject to proration as described below. The dividend is payable to holders of record at the earlier of the close of business on the day upon which the merger of WGL Holdings, Inc. (WGL Holdings) and AltaGas Ltd. becomes effective (Effective Time) and July 10, 2018. In the event that the Effective Time occurs before July 10, 2018, the amount per common share of this dividend will be prorated to reflect the actual number of days from the record date for payment of the last quarterly dividend paid by WGL Holdings prior to the Effective Time multiplied by $0.00566 (calculated by dividing $0.515 by 91).
The average residential customer of Duke Energy (DUK) in North Carolina will witness a decline in his/her monthly bill by $1.
Today, Kentuck Solar Project stakeholders, led by WGL Energy Systems , a WGL company, and Sol Systems, a Washington, D.C.-based solar development and finance company, joined to celebrate the completion of a 6-megawatt alternating current system located on 76-acres at 2048 Kentuck Church Road in Ringgold, Virginia.
WGL Holdings Inc (NYSE:WGL), a gas utilities company based in United States, maintained its current share price over the past couple of month on the NYSE, with a relatively tightRead More...
Washington Gas, a WGL Company (WGL), filed an application today with the Maryland Public Service Commission to increase its base rates and charges for natural gas service. Washington Gas last requested a rate increase from the Commission five years ago. The filing addresses rate relief necessary for Washington Gas to recover its costs of providing safe, reliable natural gas service in its Maryland service territory while delivering improved service to customers, and to allow the Company to earn its allowed rate of return.
CALGARY , May 8, 2018 /CNW/ - Today, AltaGas Ltd. (AltaGas) (ALA.TO) and WGL Holdings, Inc. (WGL) (WGL) announced that they have signed a unanimous settlement agreement with the key stakeholders in the Washington, D.C. regulatory proceedings with respect to AltaGas' merger with WGL (the WGL Acquisition). Parties to the settlement include the Government of the District of Columbia , the Office of the People's Counsel, the Laborers' International Union of North America , its affiliated District Council, and Local Unions serving or located in Washington, D.C. (collectively, LiUNA), Local 2 of the Office and Professional Employees International Union, AFL-CIO, the United States Department of Defense, the National Consumer Law Center/National Housing Trust Housing Association of Nonprofit Developers/Maryland Affordable Housing Coalition (collectively NCLC), and the Apartment and Office Building Association of Metropolitan Washington.
CALGARY , May 4, 2018 /CNW/ - Today, AltaGas Ltd. (AltaGas) (ALA.TO) and WGL Holdings, Inc. (WGL) (WGL) announced that they have reached a settlement in principle with key stakeholders in Washington D.C. , including the Government of the District of Columbia , the Office of the People's Counsel, the Laborers' International Union of North America , its affiliated District Council, and Local Unions serving or located in Washington D.C. (collectively, LiUNA), the United States Department of Defense, the National Consumer Law Center/National Housing Trust-Enterprise Preservation Corporation (collectively NCLC), and the Apartment and Office Building Association. All key parties have now reached an understanding on settlement terms, clearing a path for review and approval by the Public Service Commission of the District of Columbia (DC PSC).
AltaGas Ltd.’s proposed $4.6 billion buyout of WGL Holdings Inc. took a step closer to approval Friday, with the two companies announcing a potential settlement with several groups in the District of Columbia. The settlement in principal may be a sign that the D.C. Office of People’s Counsel and other local organizations won’t oppose the deal, and was announced in a filing shortly before the district’s Public Service Commission was expected to vote on it. The companies plan to submit a motion to approve the settlement by May 8, and asked the commission to hold off on voting until May 11.