Profile: WGL Holdings Inc (WGL)
20 Feb 2018
WGL Holdings, Inc. (WGL), incorporated on March 9, 2005, is a holding company. The Company, through its subsidiaries, sells and delivers natural gas, and provides a range of energy-related products and services to customers in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. The Company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems and Midstream Energy Services. In addition to its primary markets, WGL's non-utility subsidiaries provide customized energy solutions with business activities across the United States. 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).
The Regulated Utility segment consists of Washington Gas and Hampshire. Washington Gas provides regulated gas distribution services (including the sale and delivery of natural gas) to end use customers and natural gas transportation services to an unaffiliated natural gas distribution company in West Virginia. Hampshire provides regulated interstate natural gas storage services to Washington Gas. Hampshire owns full and partial 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.
The Retail Energy-Marketing segment consists of the operations of WGL Energy Services. WGL Energy Services sells natural gas and electricity directly to retail customers. WGL Energy Services also sells wind and other renewable energy certificates (RECs), and carbon offsets to retail customers. WGL Energy Services owns approximately five solar generating assets. 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
The Commercial Energy Systems segment consists of the operations of WGL Energy Systems, WGSW and the results of operations of affiliate-owned commercial distributed energy projects. WGL Energy Systems provides clean and energy efficient solutions, including commercial solar, energy efficiency and combined heat and power projects and other distributed generation solutions to government and commercial clients. In addition, the segment consists of the operations of WGSW, a holding company formed to invest in alternative energy assets. The segment focuses on clean and energy efficient solutions for its customers through owning and operating distributed generation assets, such as Solar Photovoltaic (solar PV) systems, combined heat and power plants, and natural gas fuel cells and operating as a general contractor to upgrade the mechanical, electrical, water and energy-related infrastructure of governmental and commercial facilities by implementing both traditional and alternative energy technologies. The segment has assets and activities across the United States.
Midstream Energy Services
The Midstream Energy Services segment consists of the operations of WGL Midstream. WGL Midstream engages in acquiring, investing in, managing and optimizing natural gas storage and transportation assets. It has 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 Midstream contracts for storage and pipeline capacity in its asset optimization activities through both long-term contracts and short-term transportation releases. WGL Midstream also contracts for physical natural gas sales and purchases on both a long-term and short-term basis.
WGL Holdings Inc
101 Constitution Ave NW
WASHINGTON DC 20001-2133
Company Web Links
- BRIEF-WGL Holdings Reports Q1 GAAP Earnings Per Share $2.68
- BRIEF-AltaGas Ltd And WGL Holdings Settlement Agreement Kickstarts Natural Gas Expansion In Maryland
- BRIEF-WGL Holdings Files Preliminary Prospectus Supplement Related To A Potential Offering Of Floating Rate Notes Due 2019
- BRIEF-WGL Holdings reports Q4 results