Profile: WGL Holdings Inc (WGL.N)
22 Jul 2016
WGL Holdings, Inc., incorporated on March 9, 2005, is a holding company. Through its subsidiaries, the Company sells and delivers natural gas, and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. The Company's segments include regulated utility, retail energy-marketing, commercial energy systems and midstream energy services. The Company's subsidiaries include Washington Gas Light Company (Washington Gas), Washington Gas Resources Corporation (Washington Gas Resources), Hampshire Gas Company (Hampshire) and Crab Run Gas Company (Crab Run). Washington Gas Resources' subsidiaries include WGL Energy Services, Inc. (WGL Energy Services), WGL Energy Systems, Inc. (WGL Energy Systems), WGL Midstream, Inc. (WGL Midstream) and WGSW, Inc. (WGSW).
Regulated Utility Segment
The Company's regulated utility segment consists of Washington Gas and Hampshire. Washington Gas sells and delivers natural gas to retail customers. Washington Gas provides regulated distribution or delivery of natural gas to retail customers. Hampshire owns interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia, and operates those facilities to serve Washington Gas, which purchases all of the storage services of Hampshire.
Retail Energy-Marketing Segment
The Company's retail energy-marketing segment consists of the operations of WGL Energy Services. WGL Energy Services sells wind and other renewable energy credits (RECs) and carbon offsets to retail customers. As of September 30, 2015, WGL Energy Services served approximately 143,800 residential, commercial and industrial natural gas customer accounts and approximately 138,000 residential, commercial and industrial electricity customer accounts located in Maryland, Virginia, Delaware, Pennsylvania and the District of Columbia.
Commercial Energy Systems Segment
The Company's commercial energy systems segment consists of the operations of WGL Energy Systems and WGSW. Through WGL Energy Systems and WGSW, the Company offers commercial energy solutions focused on owning and operating distributed generation assets, such as Solar Photovoltaic (Solar PV) systems and upgrading energy related systems of government and commercial facilities.
Midstream Energy Services Segment
The Company's midstream energy services segment consists of the operations of WGL Midstream, which is engaged in investing in and optimizing natural gas pipelines and storage facilities in the Midwest and Eastern United States. WGL Midstream provides natural gas related solutions to its customers and counterparties including producers, utilities, local distribution companies, power generators, wholesale energy suppliers, liquefied natural gas (LNG) exporters, pipelines and storage facilities.
WGL Holdings Inc
101 Constitution Avenue, NW
WASHINGTON DC 20080