þ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
o | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Exact name of registrant as | I.R.S. | ||||||||||
Commission | specified in its charter and principal | State of | Employer | ||||||||
File Number | office address and telephone number | Incorporation | Identification No. | ||||||||
1-16163
|
WGL Holdings, Inc.
101 Constitution Ave., N.W. Washington, D.C. 20080 (703) 750-2000 |
Virginia | 52-2210912 | ||||||||
0-49807
|
Washington Gas Light Company
101 Constitution Ave., N.W. Washington, D.C. 20080 (703) 750-4440 |
District
of
Columbia and Virginia |
53-0162882 | ||||||||
Large accelerated filer þ | Accelerated filer o |
Non-accelerated filer
o
(Do not check if a smaller reporting company) |
Smaller reporting company o |
Large accelerated filer o | Accelerated filer o |
Non-accelerated filer
þ
(Do not check if a smaller reporting company) |
Smaller reporting company o |
|
||||
WGL Holdings, Inc.
|
||||
4 | ||||
5 | ||||
6 | ||||
|
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Washington Gas Light Company
|
||||
7 | ||||
8 | ||||
9 | ||||
|
||||
WGL Holdings, Inc. and Washington Gas Light Company Combined
|
10 | |||
|
||||
33 | ||||
WGL Holdings, Inc.
|
37 | |||
Washington Gas Light Company
|
65 | |||
|
||||
71 | ||||
|
||||
71 | ||||
|
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71 | ||||
|
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|
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72 | ||||
|
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73 |
i
| the level and rate at which costs and expenses are incurred and the extent to which they are allowed to be recovered from customers through the regulatory process in connection with constructing, operating and maintaining Washington Gass natural gas distribution system; |
| the ability to implement successful approaches to modify the current or future composition of gas delivered to customers or to remediate the effects of the current or future composition of gas delivered to customers, as a result of the introduction of gas from the Dominion Cove Point facility to Washington Gass natural gas distribution system; |
| the availability of natural gas supply and interstate pipeline transportation and storage capacity; |
| the ability of natural gas producers, pipeline gatherers and natural gas processors to deliver natural gas into interstate pipelines for delivery by those interstate pipelines to the entrance points of Washington Gass natural gas distribution system as a result of factors beyond our control; |
| changes in economic, competitive, political and regulatory conditions and developments; |
| changes in capital and energy commodity market conditions; |
| changes in credit ratings of debt securities of WGL Holdings or Washington Gas that may affect access to capital or the cost of debt; |
| changes in credit market conditions and creditworthiness of customers and suppliers; |
| changes in relevant laws and regulations, including tax, environmental and employment laws and regulations; |
| legislative, regulatory and judicial mandates or decisions affecting business operations or the timing of recovery of costs and expenses; |
| the timing and success of business and product development efforts and technological improvements; |
ii
| the pace of deregulation efforts and the availability of other competitive alternatives to our products and services; |
| changes in accounting principles; |
| new commodity purchase and sales contracts or financial contracts and modifications in the terms of existing contracts that may materially affect fair value calculations under derivative accounting requirements; |
| the ability to manage the outsourcing of several business processes; |
| acts of God; |
| terrorist activities and |
| other uncertainties. |
iii
June 30, | September 30, | |||||||
(In thousands) | 2009 | 2008 | ||||||
ASSETS
|
||||||||
Property, Plant and Equipment
|
||||||||
At original cost
|
$ | 3,249,910 | $ | 3,184,247 | ||||
Accumulated depreciation and amortization
|
(1,006,612 | ) | (975,945 | ) | ||||
Net property, plant and equipment
|
2,243,298 | 2,208,302 | ||||||
Current Assets
|
||||||||
Cash and cash equivalents
|
41,629 | 6,164 | ||||||
Receivables
|
||||||||
Accounts receivable
|
211,299 | 190,589 | ||||||
Gas costs and other regulatory assets
|
12,391 | 26,543 | ||||||
Unbilled revenues
|
68,724 | 50,134 | ||||||
Allowance for doubtful accounts
|
(18,347 | ) | (17,101 | ) | ||||
Net receivables
|
274,067 | 250,165 | ||||||
Materials and suppliesprincipally at average cost
|
22,106 | 21,117 | ||||||
Storage gasat cost (first-in, first-out)
|
156,788 | 406,629 | ||||||
Deferred income taxes
|
19,362 | 7,616 | ||||||
Other prepayments
|
56,697 | 32,290 | ||||||
Other
|
24,127 | 18,368 | ||||||
Total current assets
|
594,776 | 742,349 | ||||||
Deferred Charges and Other Assets
|
||||||||
Regulatory assets
|
||||||||
Gas costs
|
66,339 | 50,797 | ||||||
Pension and other post-retirement benefits
|
133,546 | 133,989 | ||||||
Other
|
55,467 | 58,417 | ||||||
Prepaid qualified pension benefits
|
26,823 | 24,683 | ||||||
Other
|
36,451 | 25,006 | ||||||
Total deferred charges and other assets
|
318,626 | 292,892 | ||||||
Total Assets
|
$ | 3,156,700 | $ | 3,243,543 | ||||
CAPITALIZATION AND LIABILITIES
|
||||||||
Capitalization
|
||||||||
Common shareholders equity
|
$ | 1,131,378 | $ | 1,047,564 | ||||
Washington Gas Light Company preferred stock
|
28,173 | 28,173 | ||||||
Long-term debt
|
624,090 | 603,738 | ||||||
Total capitalization
|
1,783,641 | 1,679,475 | ||||||
Current Liabilities
|
||||||||
Current maturities of long-term debt
|
82,591 | 75,994 | ||||||
Notes payable
|
22,059 | 270,955 | ||||||
Accounts payable and other accrued liabilities
|
202,795 | 243,123 | ||||||
Wages payable
|
17,369 | 14,106 | ||||||
Accrued interest
|
13,892 | 4,200 | ||||||
Dividends declared
|
18,757 | 18,070 | ||||||
Customer deposits and advance payments
|
42,962 | 46,074 | ||||||
Gas costs and other regulatory liabilities
|
33,365 | 12,180 | ||||||
Accrued taxes
|
40,399 | 12,129 | ||||||
Other
|
35,258 | 51,648 | ||||||
Total current liabilities
|
509,447 | 748,479 | ||||||
Deferred Credits
|
||||||||
Unamortized investment tax credits
|
10,989 | 11,360 | ||||||
Deferred income taxes
|
305,448 | 272,227 | ||||||
Accrued pensions and benefits
|
127,513 | 131,097 | ||||||
Asset retirement obligations
|
30,400 | 30,388 | ||||||
Regulatory liabilities
|
||||||||
Accrued asset removal costs
|
320,819 | 306,014 | ||||||
Other
|
15,178 | 14,974 | ||||||
Other
|
53,265 | 49,529 | ||||||
Total deferred credits
|
863,612 | 815,589 | ||||||
Commitments and Contingencies (Note 12)
|
||||||||
Total Capitalization and Liabilities
|
$ | 3,156,700 | $ | 3,243,543 | ||||
4
5
Nine Months Ended | ||||||||
June 30, | ||||||||
(In thousands) | 2009 | 2008 | ||||||
OPERATING ACTIVITIES
|
||||||||
Net income applicable to common stock
|
$ | 131,502 | $ | 127,743 | ||||
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES
|
||||||||
Depreciation and amortization
|
71,494 | 71,210 | ||||||
Amortization of:
|
||||||||
Other regulatory assets and liabilitiesnet
|
2,463 | 1,992 | ||||||
Debt related costs
|
561 | 675 | ||||||
Deferred income taxesnet
|
21,975 | (897 | ) | |||||
Accrued/deferred pension cost
|
(3,149 | ) | (3,332 | ) | ||||
Compensation expense related to equity awards
|
1,543 | 3,428 | ||||||
Other non-cash charges (credits)net
|
(541 | ) | (1,389 | ) | ||||
CHANGES IN ASSETS AND LIABILITIES
|
||||||||
Accounts receivable and unbilled revenuesnet
|
(38,054 | ) | (148,063 | ) | ||||
Gas costs and other regulatory assets/liabilitiesnet
|
35,337 | (11,317 | ) | |||||
Storage gas
|
249,841 | 35,887 | ||||||
Other prepayments
|
(27,175 | ) | 13,182 | |||||
Accounts payable and other accrued liabilities
|
(35,129 | ) | 140,387 | |||||
Wages payable
|
3,263 | 3,154 | ||||||
Customer deposits and advance payments
|
(3,112 | ) | (1,857 | ) | ||||
Accrued taxes
|
28,270 | 22,473 | ||||||
Accrued interest
|
9,692 | 9,553 | ||||||
Other current assets
|
(6,748 | ) | (23,340 | ) | ||||
Other current liabilities
|
(16,390 | ) | 10,745 | |||||
Deferred gas costsnet
|
(15,542 | ) | 25,355 | |||||
Deferred assetsother
|
(17,480 | ) | (17,099 | ) | ||||
Deferred liabilitiesother
|
(1,822 | ) | 9,256 | |||||
Othernet
|
2,549 | 2,650 | ||||||
Net Cash Provided by Operating Activities
|
393,348 | 270,396 | ||||||
FINANCING ACTIVITIES
|
||||||||
Common stock issued
|
5,070 | 13,960 | ||||||
Long-term debt issued
|
61,458 | 10,037 | ||||||
Long-term debt retired
|
(26,012 | ) | (1,011 | ) | ||||
Notes payable issued (retired)net
|
(248,896 | ) | (135,033 | ) | ||||
Dividends on common stock
|
(53,959 | ) | (51,418 | ) | ||||
Other financing activitiesnet
|
(839 | ) | 462 | |||||
Net Cash Used in Financing Activities
|
(263,178 | ) | (163,003 | ) | ||||
INVESTING ACTIVITIES
|
||||||||
Capital expenditures (excluding Allowance for Funds Used During Construction)
|
(94,705 | ) | (90,672 | ) | ||||
Net Cash Used in Investing Activities
|
(94,705 | ) | (90,672 | ) | ||||
INCREASE IN CASH AND CASH EQUIVALENTS
|
35,465 | 16,721 | ||||||
Cash and Cash Equivalents at Beginning of Year
|
6,164 | 4,870 | ||||||
Cash and Cash Equivalents at End of Period
|
$ | 41,629 | $ | 21,591 | ||||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
|
||||||||
Income taxes paid
|
$ | 40,763 | $ | 54,626 | ||||
Interest paid
|
$ | 24,173 | $ | 25,637 | ||||
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES
|
||||||||
Capital Expenditures included in accounts payable and other accrued liabilities
|
$ | (5,199 | ) | $ | (5,647 | ) |
6
June 30, | September 30, | |||||||
(In thousands) | 2009 | 2008 | ||||||
ASSETS
|
||||||||
Property, Plant and Equipment
|
||||||||
At original cost
|
$ | 3,214,934 | $ | 3,152,259 | ||||
Accumulated depreciation and amortization
|
(984,276 | ) | (954,974 | ) | ||||
Net property, plant and equipment
|
2,230,658 | 2,197,285 | ||||||
Current Assets
|
||||||||
Cash and cash equivalents
|
38,215 | 3,680 | ||||||
Receivables
|
||||||||
Accounts receivable
|
114,103 | 105,132 | ||||||
Gas costs and other regulatory assets
|
12,391 | 26,543 | ||||||
Unbilled revenues
|
22,799 | 18,584 | ||||||
Allowance for doubtful accounts
|
(16,295 | ) | (15,736 | ) | ||||
Net receivables
|
132,998 | 134,523 | ||||||
Materials and suppliesprincipally at average cost
|
22,054 | 21,065 | ||||||
Storage gasat cost (first-in, first-out)
|
122,922 | 322,617 | ||||||
Deferred income taxes
|
10,730 | 8,429 | ||||||
Other prepayments
|
9,241 | 34,375 | ||||||
Receivables from associated companies
|
1,210 | 4,636 | ||||||
Other
|
12,307 | 4,833 | ||||||
Total current assets
|
349,677 | 534,158 | ||||||
Deferred Charges and Other Assets
|
||||||||
Regulatory assets
|
||||||||
Gas costs
|
66,339 | 50,797 | ||||||
Pension and other post-retirement benefits
|
132,900 | 133,326 | ||||||
Other
|
55,467 | 58,400 | ||||||
Prepaid qualified pension benefits
|
26,738 | 24,612 | ||||||
Other
|
30,410 | 24,188 | ||||||
Total deferred charges and other assets
|
311,854 | 291,323 | ||||||
Total Assets
|
$ | 2,892,189 | $ | 3,022,766 | ||||
CAPITALIZATION AND LIABILITIES
|
||||||||
Capitalization
|
||||||||
Common shareholders equity
|
$ | 1,009,311 | $ | 935,049 | ||||
Preferred stock
|
28,173 | 28,173 | ||||||
Long-term debt
|
624,090 | 603,745 | ||||||
Total capitalization
|
1,661,574 | 1,566,967 | ||||||
Current Liabilities
|
||||||||
Current maturities of long-term debt
|
82,591 | 75,000 | ||||||
Notes payable
|
18 | 231,013 | ||||||
Accounts payable and other accrued liabilities
|
109,600 | 166,060 | ||||||
Wages payable
|
16,688 | 13,638 | ||||||
Accrued interest
|
13,892 | 4,200 | ||||||
Dividends declared
|
18,007 | 17,695 | ||||||
Customer deposits and advance payments
|
42,713 | 46,074 | ||||||
Gas costs and other regulatory liabilities
|
33,365 | 12,180 | ||||||
Accrued taxes
|
31,155 | 11,281 | ||||||
Payables to associated companies
|
20,993 | 22,746 | ||||||
Other
|
13,790 | 38,249 | ||||||
Total current liabilities
|
382,812 | 638,136 | ||||||
Deferred Credits
|
||||||||
Unamortized investment tax credits
|
10,685 | 11,355 | ||||||
Deferred income taxes
|
311,045 | 279,818 | ||||||
Accrued pensions and benefits
|
126,909 | 130,478 | ||||||
Asset retirement obligations
|
29,441 | 29,469 | ||||||
Regulatory liabilities
|
||||||||
Accrued asset removal costs
|
320,819 | 306,014 | ||||||
Other
|
15,181 | 14,973 | ||||||
Other
|
33,723 | 45,556 | ||||||
Total deferred credits
|
847,803 | 817,663 | ||||||
Commitments and Contingencies (Note 12)
|
||||||||
Total Capitalization and Liabilities
|
$ | 2,892,189 | $ | 3,022,766 | ||||
7
Three Months Ended | Nine Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
(In thousands) | 2009 | 2008 | 2009 | 2008 | ||||||||||||
OPERATING REVENUES
|
||||||||||||||||
Utility
|
$ | 190,101 | $ | 244,384 | $ | 1,371,868 | $ | 1,386,561 | ||||||||
Non-utility
|
11 | 31 | 33 | 57 | ||||||||||||
Total Operating Revenues
|
190,112 | 244,415 | 1,371,901 | 1,386,618 | ||||||||||||
OPERATING EXPENSES
|
||||||||||||||||
Utility cost of gas
|
79,327 | 140,274 | 778,144 | 825,689 | ||||||||||||
Operation and maintenance
|
61,471 | 64,453 | 192,342 | 190,216 | ||||||||||||
Depreciation and amortization
|
22,738 | 23,159 | 70,130 | 69,850 | ||||||||||||
General taxes and other assessments
|
21,737 | 20,040 | 91,362 | 81,342 | ||||||||||||
Total Operating Expenses
|
185,273 | 247,926 | 1,131,978 | 1,167,097 | ||||||||||||
OPERATING INCOME (LOSS)
|
4,839 | (3,511 | ) | 239,923 | 219,521 | |||||||||||
Other Income (Expenses)Net
|
774 | 295 | 1,157 | 1,223 | ||||||||||||
Interest Expense
|
||||||||||||||||
Interest on long-term debt
|
10,422 | 9,964 | 30,887 | 29,903 | ||||||||||||
Othernet
|
311 | 326 | 2,864 | 3,883 | ||||||||||||
Total Interest Expense
|
10,733 | 10,290 | 33,751 | 33,786 | ||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES
|
(5,120 | ) | (13,506 | ) | 207,329 | 186,958 | ||||||||||
INCOME TAX EXPENSE (BENEFIT)
|
(2,895 | ) | (5,594 | ) | 80,115 | 72,494 | ||||||||||
NET INCOME (LOSS) BEFORE PREFERRED STOCK DIVIDENDS
|
(2,225 | ) | (7,912 | ) | 127,214 | 114,464 | ||||||||||
Dividends on preferred stock
|
330 | 330 | 990 | 990 | ||||||||||||
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK
|
$ | (2,555 | ) | $ | (8,242 | ) | $ | 126,224 | $ | 113,474 | ||||||
8
Nine Months Ended | ||||||||
June 30, | ||||||||
(In thousands) | 2009 | 2008 | ||||||
OPERATING ACTIVITIES
|
||||||||
Net income before preferred stock dividends
|
$ | 127,214 | $ | 114,464 | ||||
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES
|
||||||||
Depreciation and amortization
|
70,130 | 69,850 | ||||||
Amortization of:
|
||||||||
Other regulatory assets and liabilitiesnet
|
2,463 | 1,992 | ||||||
Debt related costs
|
597 | 646 | ||||||
Deferred income taxesnet
|
29,543 | 703 | ||||||
Accrued/deferred pension cost
|
(3,294 | ) | (3,325 | ) | ||||
Compensation expense related to equity awards
|
1,468 | 2,911 | ||||||
Other non-cash charges (credits)net
|
(840 | ) | (1,388 | ) | ||||
CHANGES IN ASSETS AND LIABILITIES
|
||||||||
Accounts receivable, unbilled revenues and receivables from associated companiesnet
|
(9,201 | ) | (125,463 | ) | ||||
Gas costs and other regulatory assets/liabilitiesnet
|
35,337 | (11,317 | ) | |||||
Storage gas
|
199,695 | 1,335 | ||||||
Other prepayments
|
22,366 | 15,080 | ||||||
Accounts payable and other accrued liabilities, including payables to associated companies
|
(53,391 | ) | 115,753 | |||||
Wages payable
|
3,050 | 2,716 | ||||||
Customer deposits and advance payments
|
(3,361 | ) | (7,164 | ) | ||||
Accrued taxes
|
19,874 | 16,437 | ||||||
Accrued interest
|
9,692 | 9,553 | ||||||
Other current assets
|
(8,463 | ) | (5,911 | ) | ||||
Other current liabilities
|
(24,459 | ) | 1,909 | |||||
Deferred gas costsnet
|
(15,542 | ) | 25,355 | |||||
Deferred assetsother
|
(12,132 | ) | (17,322 | ) | ||||
Deferred liabilitiesother
|
(18,540 | ) | 6,987 | |||||
Othernet
|
2,499 | 2,688 | ||||||
Net Cash Provided by Operating Activities
|
374,705 | 216,489 | ||||||
FINANCING ACTIVITIES
|
||||||||
Long-term debt issued
|
61,458 | 10,037 | ||||||
Long-term debt retired
|
(25,018 | ) | (17 | ) | ||||
Notes payable issued (retired)net
|
(230,995 | ) | (81,434 | ) | ||||
Dividends on common stock and preferred stock
|
(53,450 | ) | (52,035 | ) | ||||
Other financing activitiesnet
|
(831 | ) | 482 | |||||
Net Cash Used in Financing Activities
|
(248,836 | ) | (122,967 | ) | ||||
INVESTING ACTIVITIES
|
||||||||
Capital expenditures (excluding Allowance for Funds Used During Construction)
|
(91,334 | ) | (90,157 | ) | ||||
Net Cash Used in Investing Activities
|
(91,334 | ) | (90,157 | ) | ||||
INCREASE IN CASH AND CASH EQUIVALENTS
|
34,535 | 3,365 | ||||||
Cash and Cash Equivalents at Beginning of Year
|
3,680 | 4,157 | ||||||
Cash and Cash Equivalents at End of Period
|
$ | 38,215 | $ | 7,522 | ||||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
|
||||||||
Income taxes paid
|
$ | 33,861 | $ | 46,291 | ||||
Interest paid
|
$ | 23,465 | $ | 24,311 | ||||
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES
|
||||||||
Capital Expenditures included in accounts payable and other accrued liabilities
|
$ | (4,822 | ) | $ | (5,585 | ) |
9
10
11
12
WGL Holdings, Inc. | ||||||||
(In thousands) | Jun. 30, 2009 | Sept. 30, 2008 | ||||||
Accounts payable trade
|
$172,372 | $204,283 | ||||||
Employee benefits and payroll accruals
|
16,743 | 22,823 | ||||||
Other accrued liabilities
|
13,680 | 16,017 | ||||||
Total
|
$202,795 | $243,123 | ||||||
Washington Gas Light Company | ||||||||
(In thousands) | Jun. 30, 2009 | Sept. 30, 2008 | ||||||
Accounts payable trade
|
$ 82,535 | $131,630 | ||||||
Employee benefits and payroll accruals
|
15,741 | 20,631 | ||||||
Other accrued liabilities
|
11,324 | 13,799 | ||||||
Total
|
$109,600 | $166,060 | ||||||
Committed Credit Available (In millions) | ||||||||
Committed credit agreements | WGL Holdings | Washington Gas | ||||||
Unsecured revolving credit facility, expires August 3, 2012
(a)
|
$400.0 | $300.0 | ||||||
Unsecured credit agreement, expires September 19, 2009
|
| 10.0 | ||||||
Total committed credit agreements
|
$400.0 | $310.0 | ||||||
Less: Commercial Paper
|
(22.0 | ) | | |||||
Net committed credit available
|
$378.0 | $310.0 | ||||||
(a) | Both WGL Holdings and Washington Gas have the right to request extensions with the banks approval. WGL Holdings revolving credit facility permits it to borrow an additional $50 million, with the banks approval, for a total of $450 million. Washington Gass revolving credit facility permits it to borrow an additional $100 million, with the banks approval, for a total of $400 million. |
13
WGL Holdings, Inc. | ||||||||
Components of Common Shareholders Equity | ||||||||
(In thousands, except shares) | Jun. 30, 2009 | Sept. 30, 2008 | ||||||
Common stock, no par value, 120,000,000 shares authorized,
50,141,229 and 49,916,883 shares issued, respectively
|
$ | 514,440 | $ | 507,105 | ||||
Paid-in capital
|
12,876 | 14,398 | ||||||
Retained earnings
|
605,679 | 527,812 | ||||||
Accumulated other comprehensive loss, net of taxes
|
(1,617 | ) | (1,751 | ) | ||||
Total
|
$ | 1,131,378 | $ | 1,047,564 | ||||
Washington Gas Light Company | ||||||||
Components of Common Shareholders Equity | ||||||||
(In thousands, except shares) | Jun. 30, 2009 | Sept. 30, 2008 | ||||||
Common stock, $1 par value, 80,000,000 shares authorized,
46,479,536 shares issued
|
$ | 46,479 | $ | 46,479 | ||||
Paid-in capital
|
468,437 | 467,761 | ||||||
Retained earnings
|
496,012 | 422,560 | ||||||
Accumulated other comprehensive loss, net of taxes
|
(1,617 | ) | (1,751 | ) | ||||
Total
|
$ | 1,009,311 | $ | 935,049 | ||||
14
WGL Holdings, Inc.
Components of Comprehensive Income |
||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
(In thousands) | 2009 | 2008 | 2009 | 2008 | ||||||||||||
Net income (loss) applicable to common stock
|
$1,807 | ($492 | ) | $131,502 | $127,743 | |||||||||||
Other comprehensive income, net of taxes
(a)
|
37 | 86 | 134 | 284 | ||||||||||||
Comprehensive income (loss)
|
$1,844 | ($406 | ) | $131,636 | $128,027 | |||||||||||
(a) | Amounts relate to postretirement benefits. |
Washington Gas Light Company
Components of Comprehensive Income |
||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
(In thousands) | 2009 | 2008 | 2009 | 2008 | ||||||||||||
Net income (loss) before preferred stock dividends
|
($2,225 | ) | ($7,912 | ) | $127,214 | $114,464 | ||||||||||
Other comprehensive income, net of taxes
(a)
|
37 | 86 | 134 | 284 | ||||||||||||
Comprehensive income (loss)
|
($2,188 | ) | ($7,826 | ) | $127,348 | $114,748 | ||||||||||
(a) | Amounts relate to postretirement benefits. |
15
Basic and Diluted EPS | ||||||||||||
Net | Per Share | |||||||||||
(In thousands, except per share data) | Income (Loss) | Shares | Amount | |||||||||
Three Months Ended June 30, 2009
|
||||||||||||
Basic EPS
|
$ | 1,807 | 50,141 | $ | 0.04 | |||||||
|
||||||||||||
Stock-based compensation plans
|
| 294 | ||||||||||
Diluted EPS
|
$ | 1,807 | 50,435 | $ | 0.04 | |||||||
Three Months
Ended June 30, 2008
|
||||||||||||
Basic EPS
|
$ | (492 | ) | 49,638 | $ | (0.01 | ) | |||||
|
||||||||||||
Stock-based compensation plans
|
| | ||||||||||
Diluted EPS
|
$ | (492 | ) | 49,638 | $ | (0.01 | ) | |||||
Nine Months Ended June 30, 2009
|
||||||||||||
Basic EPS
|
$ | 131,502 | 50,092 | $ | 2.63 | |||||||
|
||||||||||||
Stock-based compensation plans
|
| 257 | ||||||||||
Diluted EPS
|
$ | 131,502 | 50,349 | $ | 2.61 | |||||||
Nine Months Ended June 30, 2008
|
||||||||||||
Basic EPS
|
$ | 127,743 | 49,515 | $ | 2.58 | |||||||
|
||||||||||||
Stock-based compensation plans
|
| 317 | ||||||||||
Diluted EPS
|
$ | 127,743 | 49,832 | $ | 2.56 | |||||||
16
17
Absolute Notional Amounts | ||||||||
of Open Positions on Derivative instruments | ||||||||
Notional Amounts | ||||||||
(In millions) | WGL Holdings | Washington Gas | ||||||
Derivative transactions
|
||||||||
Natural Gas
(in therms)
|
||||||||
Asset Optimization
|
1,401.2 | 1,401.2 | ||||||
Retail sales
|
3.0 | | ||||||
Other risk-management activities
|
511.1 | 310.1 | ||||||
Electricity
(in kWhs)
|
| |||||||
Retail sales
|
694.0 | | ||||||
Other risk-management activities
|
6,908.0 | | ||||||
WGL Holdings, Inc. | ||||||||||||||||
Balance Sheet Classification of Derivative Instruments | ||||||||||||||||
As of June 30, 2009 | ||||||||||||||||
Derivative | Derivative | Netting of | ||||||||||||||
(In millions) | Assets | Liabilities | Collateral | Total | ||||||||||||
Balance Sheet location
|
||||||||||||||||
Other current assets
|
$ | 30.4 | $ | (13.4 | ) | $ | 1.1 | $ | 18.1 | |||||||
Deferred charges and other assetsother
|
33.1 | (23.6 | ) | | 9.5 | |||||||||||
Other current liabilities
|
3.1 | (32.8 | ) | 1.1 | (28.6 | ) | ||||||||||
Deferred credits other
|
2.3 | (26.1 | ) | 0.4 | (23.4 | ) | ||||||||||
Total
|
$ | 68.9 | $ | (95.9 | ) | $ | 2.6 | $ | (24.4 | ) | ||||||
Washington Gas Light Company | ||||||||||||||||
Balance Sheet Classification of Derivative Instruments | ||||||||||||||||
As of June 30, 2009 | ||||||||||||||||
Derivative | Derivative | Netting of | ||||||||||||||
(In millions) | Assets | Liabilities | Collateral | Total | ||||||||||||
Balance Sheet location
|
||||||||||||||||
Other current assets
|
$ | 23.9 | $ | (11.7 | ) | $ | | $ | 12.2 | |||||||
Deferred charges and other assetsother
|
32.0 | (23.2 | ) | | 8.8 | |||||||||||
Other current liabilities
|
2.8 | (11.0 | ) | | (8.2 | ) | ||||||||||
Deferred credits other
|
2.3 | (9.1 | ) | | (6.8 | ) | ||||||||||
Total
|
$ | 61.0 | $ | (55.0 | ) | $ | | $ | 6.0 | |||||||
18
Gains and Losses on Derivative Instruments | ||||||||
Three Months Ended June 30, 2009 | ||||||||
(In millions) | WGL Holdings | Washington Gas | ||||||
Recorded to income
|
||||||||
Operating revenues non-utility
|
$ | (5.2 | ) | $ | | |||
Utility cost of gas
|
1.4 | 1.4 | ||||||
Non-utility cost of energy-related sales
|
(9.7 | ) | | |||||
Recorded to regulatory assets gas costs
|
(5.0 | ) | (5.0 | ) | ||||
Total
|
$ | (18.5 | ) | $ | (3.6 | ) | ||
19
20
Fair Value Measurements Under the Fair Value Hierarchy at June 30, 2009 | ||||||||||||||||
Energy-Related Derivative Assets and Liabilities | ||||||||||||||||
(In millions) | WGL Holdings | Washington Gas | ||||||||||||||
Assets | Liabilities | Assets | Liabilities | |||||||||||||
Level 1
|
$ | | $ | | $ | | $ | | ||||||||
Level 2
|
33.8 | (31.7 | ) | 32.6 | (19.4 | ) | ||||||||||
Level 3
|
35.1 | (64.2 | ) | 28.4 | (35.6 | ) | ||||||||||
Counterparty and cash collateral netting
|
(41.3 | ) | 43.9 | (40.0 | ) | 40.0 | ||||||||||
Total
|
$ | 27.6 | $ | (52.0 | ) | $ | 21.0 | $ | (15.0 | ) | ||||||
21
Reconciliation of Fair Value Measurements Using Significant Level 3 Inputs | ||||||||
(In millions) | WGL Holdings | Washington Gas | ||||||
Balance at April 1, 2009
|
$ | (10.5 | ) | $ | (7.1 | ) | ||
Realized and unrealized gains (losses)
|
||||||||
Recorded to income
|
(28.6 | ) | | |||||
Recorded to regulatory assets gas costs
|
(0.9 | ) | (0.9 | ) | ||||
Transfers in and/or out of Level 3
|
| | ||||||
Purchases and settlements, net
|
10.9 | 0.8 | ||||||
Balance at June 30, 2009
|
$ | (29.1 | ) | $ | (7.2 | ) | ||
Realized and Unrealized Gains (Losses) Recorded to Income for Level 3 Measurements | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
June 30, 2009 | June 30, 2009 | |||||||||||||||
(In millions) | WGL Holdings | Washington Gas | WGL Holdings | Washington Gas | ||||||||||||
Operating revenues non-utility
|
$ | (5.2 | ) | $ | | $ | (6.8 | ) | $ | | ||||||
Utility cost of gas
|
| | 6.3 | 6.3 | ||||||||||||
Non-utility cost of energy-related sales
|
(23.4 | ) | | (39.9 | ) | | ||||||||||
Total
|
$ | (28.6 | ) | $ | | $ | (40.4 | ) | $ | 6.3 | ||||||
22
Unrealized Gains (Losses) Recorded for Level 3 Measurements | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
June 30, 2009 | June 30, 2009 | |||||||||||||||
(In millions) | WGL Holdings | Washington Gas | WGL Holdings | Washington Gas | ||||||||||||
Recorded to income
|
||||||||||||||||
Operating revenues non-utility
|
$ | 1.8 | $ | | $ | 3.7 | $ | | ||||||||
Utility cost of gas
|
| | 7.3 | 7.3 | ||||||||||||
Non-utility cost of energy-related sales
|
(14.2 | ) | | (22.6 | ) | | ||||||||||
Recorded to regulatory assets gas costs
|
(1.0 | ) | (1.0 | ) | 2.5 | 2.5 | ||||||||||
Total
|
$ | (13.4 | ) | $ | (1.0 | ) | $ | (9.1 | ) | $ | 9.8 | |||||
Fair Value of Financial Instruments | ||||||||
2009 | ||||||||
At June 30, | Carrying | Fair | ||||||
(In millions) | Amount | Value | ||||||
Preferred stock
|
$ | 28.2 | $ | 21.7 | ||||
Long-term debt
(a)
|
$ | 624.1 | $ | 660.1 | ||||
(a) | Excludes current maturities and unamortized discounts. |
23
24
Operating Segment Financial Information | ||||||||||||||||||||||||
Non-Utility Operations | ||||||||||||||||||||||||
Regulated | Retail Energy - | Design-Build | ||||||||||||||||||||||
(In thousands) | Utility | Marketing | Energy Systems | Other Activities | Eliminations | Consolidated | ||||||||||||||||||
Three Months Ended June 30, 2009
|
||||||||||||||||||||||||
Operating Revenues
(a)
|
$ | 190,101 | $ | 233,122 | $ | 7,950 | $ | 6 | $ | (4,143 | ) | $ | 427,036 | |||||||||||
Operating Expenses:
|
||||||||||||||||||||||||
Cost of Energy-Related Sales
|
79,328 | 215,901 | 6,259 | | (4,143 | ) | 297,345 | |||||||||||||||||
Operation
|
49,934 | 9,575 | 259 | 756 | | 60,524 | ||||||||||||||||||
Maintenance
|
10,924 | | | | | 10,924 | ||||||||||||||||||
Depreciation and Amortization
|
22,979 | 174 | 15 | | | 23,168 | ||||||||||||||||||
General Taxes and Other Assessments:
|
||||||||||||||||||||||||
Revenue Taxes
|
10,715 | 239 | | | | 10,954 | ||||||||||||||||||
Other
|
11,102 | 752 | 40 | 4 | | 11,898 | ||||||||||||||||||
Total Operating Expenses
|
184,982 | 226,641 | 6,573 | 760 | (4,143 | ) | 414,813 | |||||||||||||||||
Operating Income (Loss)
|
5,119 | 6,481 | 1,377 | (754 | ) | | 12,223 | |||||||||||||||||
Other Income (Expenses) Net
|
766 | 31 | 23 | 74 | (76 | ) | 818 | |||||||||||||||||
Interest Expense
|
10,733 | 83 | | 72 | (76 | ) | 10,812 | |||||||||||||||||
Dividends on Washington Gas preferred Stock
|
330 | | | | | 330 | ||||||||||||||||||
Income Tax Expense (Benefit)
|
(2,787 | ) | 2,579 | 566 | (266 | ) | | 92 | ||||||||||||||||
Net Income (Loss) Applicable to Common Stock
|
$ | (2,391 | ) | $ | 3,850 | $ | 834 | $ | (486 | ) | $ | | $ | 1,807 | ||||||||||
Total Assets
|
$ | 2,886,405 | $ | 268,131 | $ | 23,657 | $ | 47,299 | $ | (68,792 | ) | $ | 3,156,700 | |||||||||||
Capital Expenditures/Investments
|
$ | 28,162 | $ | 582 | $ | 5 | $ | | $ | | $ | 28,749 | ||||||||||||
Three Months Ended June 30, 2008
|
||||||||||||||||||||||||
Operating Revenues
(a)
|
$ | 244,384 | $ | 214,385 | $ | 8,756 | $ | 22 | $ | (2,898 | ) | $ | 464,649 | |||||||||||
Operating Expenses:
|
||||||||||||||||||||||||
Cost of Energy-Related Sales
|
140,274 | 193,333 | 7,140 | | (2,898 | ) | 337,849 | |||||||||||||||||
Operation
|
52,461 | 6,507 | 1,179 | 1,216 | | 61,363 | ||||||||||||||||||
Maintenance
|
11,306 | | | | | 11,306 | ||||||||||||||||||
Depreciation and Amortization
|
23,398 | 200 | 12 | | | 23,610 | ||||||||||||||||||
General Taxes and Other Assessments:
|
||||||||||||||||||||||||
Revenue Taxes
|
10,565 | 128 | | | | 10,693 | ||||||||||||||||||
Other
|
9,565 | 733 | 23 | 5 | | 10,326 | ||||||||||||||||||
Total Operating Expenses
|
247,569 | 200,901 | 8,354 | 1,221 | (2,898 | ) | 455,147 | |||||||||||||||||
Operating Income (Loss)
|
(3,185 | ) | 13,484 | 402 | (1,199 | ) | | 9,502 | ||||||||||||||||
Other Income (Expenses) Net
|
295 | 81 | 87 | 4 | (21 | ) | 446 | |||||||||||||||||
Interest Expense
|
10,301 | 33 | | 137 | (21 | ) | 10,450 | |||||||||||||||||
Dividends on Washington Gas preferred Stock
|
330 | | | | | 330 | ||||||||||||||||||
Income Tax Expense (Benefit)
|
(5,470 | ) | 5,414 | 188 | (472 | ) | | (340 | ) | |||||||||||||||
Net Income (Loss) Applicable to Common Stock
|
$ | (8,051 | ) | $ | 8,118 | $ | 301 | $ | (860 | ) | $ | | $ | (492 | ) | |||||||||
Total Assets
|
$ | 2,977,345 | $ | 232,489 | $ | 18,693 | $ | 42,430 | $ | (52,456 | ) | $ | 3,218,501 | |||||||||||
Capital Expenditures/Investments
|
$ | 28,989 | $ | 77 | $ | 17 | $ | | $ | | $ | 29,083 | ||||||||||||
25
Operating Segment Financial Information | ||||||||||||||||||||||||
Non-Utility Operations | ||||||||||||||||||||||||
Regulated | Retail Energy - | Design-Build | ||||||||||||||||||||||
(In thousands) | Utility | Marketing | Energy Systems | Other Activities | Eliminations | Consolidated | ||||||||||||||||||
Nine Months Ended June 30, 2009
|
||||||||||||||||||||||||
Operating Revenues
(a)
|
$ | 1,371,868 | $ | 916,105 | $ | 27,066 | $ | 5 | $ | (21,032 | ) | $ | 2,294,012 | |||||||||||
Operating Expenses:
|
||||||||||||||||||||||||
Cost of Energy-Related Sales
|
778,144 | 881,194 | 20,277 | 1 | (21,032 | ) | 1,658,584 | |||||||||||||||||
Operation
|
158,501 | 24,860 | 2,053 | 2,754 | | 188,168 | ||||||||||||||||||
Maintenance
|
32,053 | | | | | 32,053 | ||||||||||||||||||
Depreciation and Amortization
|
70,850 | 601 | 43 | | | 71,494 | ||||||||||||||||||
General Taxes and Other Assessments:
|
||||||||||||||||||||||||
Revenue Taxes
|
52,870 | 537 | | | | 53,407 | ||||||||||||||||||
Other
|
38,716 | 2,289 | 103 | 19 | | 41,127 | ||||||||||||||||||
Total Operating Expenses
|
1,131,134 | 909,481 | 22,476 | 2,774 | (21,032 | ) | 2,044,833 | |||||||||||||||||
Operating Income (Loss)
|
240,734 | 6,624 | 4,590 | (2,769 | ) | | 249,179 | |||||||||||||||||
Other Income (Expenses) Net
|
1,146 | 69 | 126 | 838 | (584 | ) | 1,595 | |||||||||||||||||
Interest Expense
|
33,758 | 594 | (1 | ) | 699 | (584 | ) | 34,466 | ||||||||||||||||
Dividends on Washington Gas preferred Stock
|
990 | | | | | 990 | ||||||||||||||||||
Income Tax Expense (Benefit)
|
80,431 | 2,466 | 1,850 | (931 | ) | | 83,816 | |||||||||||||||||
Net Income (Loss) Applicable to Common Stock
|
$ | 126,701 | $ | 3,633 | $ | 2,867 | $ | (1,699 | ) | $ | | $ | 131,502 | |||||||||||
Total Assets
|
$ | 2,886,405 | $ | 268,131 | $ | 23,657 | $ | 47,299 | $ | (68,792 | ) | $ | 3,156,700 | |||||||||||
Capital Expenditures/Investments
|
$ | 92,741 | $ | 1,937 | $ | 27 | $ | | $ | | $ | 94,705 | ||||||||||||
Nine Months Ended June 30, 2008
|
||||||||||||||||||||||||
Operating Revenues
(a)
|
$ | 1,386,561 | $ | 843,161 | $ | 18,316 | $ | 8 | $ | (11,734 | ) | $ | 2,236,312 | |||||||||||
Operating Expenses:
|
||||||||||||||||||||||||
Cost of Energy-Related Sales
|
825,689 | 794,812 | 15,140 | | (11,734 | ) | 1,623,907 | |||||||||||||||||
Operation
|
154,888 | 19,175 | 2,032 | 3,012 | | 179,107 | ||||||||||||||||||
Maintenance
|
33,247 | | | | | 33,247 | ||||||||||||||||||
Depreciation and Amortization
|
70,578 | 598 | 34 | | | 71,210 | ||||||||||||||||||
General Taxes and Other Assessments:
|
||||||||||||||||||||||||
Revenue Taxes
|
47,611 | 419 | | | | 48,030 | ||||||||||||||||||
Other
|
33,961 | 2,307 | 75 | 22 | | 36,365 | ||||||||||||||||||
Total Operating Expenses
|
1,165,974 | 817,311 | 17,281 | 3,034 | (11,734 | ) | 1,991,866 | |||||||||||||||||
Operating Income (Loss)
|
220,587 | 25,850 | 1,035 | (3,026 | ) | | 244,446 | |||||||||||||||||
Other Income (Expenses) Net
|
1,259 | 75 | 308 | 999 | (1,047 | ) | 1,594 | |||||||||||||||||
Interest Expense
|
33,814 | 1,050 | | 1,323 | (1,047 | ) | 35,140 | |||||||||||||||||
Dividends on Washington Gas preferred Stock
|
990 | | | | | 990 | ||||||||||||||||||
Income Tax Expense (Benefit)
|
72,919 | 9,920 | 518 | (1,190 | ) | | 82,167 | |||||||||||||||||
Net Income (Loss) Applicable to Common Stock
|
$ | 114,123 | $ | 14,955 | $ | 825 | $ | (2,160 | ) | $ | | $ | 127,743 | |||||||||||
Total Assets
|
$ | 2,977,345 | $ | 232,489 | $ | 18,693 | $ | 42,430 | $ | (52,456 | ) | $ | 3,218,501 | |||||||||||
Capital Expenditures/Investments
|
$ | 90,365 | $ | 147 | $ | 160 | $ | | $ | | $ | 90,672 | ||||||||||||
26
27
28
29
30
Components of Net Periodic Benefit Costs (Income) | ||||||||||||||||
Three Months Ended June 30, | ||||||||||||||||
2009 | 2008 | |||||||||||||||
Pension | Health and | Pension | Health and | |||||||||||||
(In thousands) | Benefits | Life Benefits | Benefits | Life Benefits | ||||||||||||
Components of net periodic benefit costs (income)
|
||||||||||||||||
Service cost
|
$ | 2,117 | $ | 1,283 | $ | 2,448 | $ | 2,201 | ||||||||
Interest cost
|
10,678 | 6,257 | 9,920 | 6,258 | ||||||||||||
Expected return on plan assets
|
(12,888 | ) | (4,492 | ) | (13,233 | ) | (4,367 | ) | ||||||||
Amortization of prior service cost
|
429 | (1,005 | ) | 459 | | |||||||||||
Amortization of actuarial loss
|
104 | 1,231 | 204 | 1,971 | ||||||||||||
Amortization of transition obligation
|
| 272 | | 310 | ||||||||||||
Net periodic benefit cost (income)
|
440 | 3,546 | (202 | ) | 6,373 | |||||||||||
Amount allocated to construction projects
|
34 | (559 | ) | 130 | (893 | ) | ||||||||||
Amount expensed (deferred) to match rate recovery
|
(991 | ) | 833 | (874 | ) | 380 | ||||||||||
Other
|
72 | | (25 | ) | 1 | |||||||||||
Amount charged (credited) to expense
|
$ | (445 | ) | $ | 3,820 | $ | (971 | ) | $ | 5,861 | ||||||
Components of Net Periodic Benefit Costs (Income) | ||||||||||||||||
Nine Months Ended March 31, | ||||||||||||||||
2009 | 2008 | |||||||||||||||
Pension | Health and | Pension | Health and | |||||||||||||
(In thousands) | Benefits | Life Benefits | Benefits | Life Benefits | ||||||||||||
Components of net periodic benefit costs (income)
|
||||||||||||||||
Service cost
|
$ | 6,351 | $ | 3,849 | $ | 7,345 | $ | 6,602 | ||||||||
Interest cost
|
32,034 | 18,771 | 29,759 | 18,774 | ||||||||||||
Expected return on plan assets
|
(38,665 | ) | (13,476 | ) | (39,697 | ) | (13,102 | ) | ||||||||
Amortization of prior service cost
|
1,288 | (3,016 | ) | 1,376 | | |||||||||||
Amortization of actuarial loss
|
312 | 3,693 | 612 | 5,914 | ||||||||||||
Amortization of transition obligation
|
| 815 | | 931 | ||||||||||||
Net periodic benefit cost (income)
|
1,320 | 10,636 | (605 | ) | 19,119 | |||||||||||
Amount allocated to construction projects
|
100 | (1,659 | ) | 357 | (2,463 | ) | ||||||||||
Amount expensed (deferred) to match rate recovery
|
(2,972 | ) | 2,499 | (2,620 | ) | 1,136 | ||||||||||
Other
|
22 | | (87 | ) | 6 | |||||||||||
Amount charged (credited) to expense
|
$ | (1,530 | ) | $ | 11,476 | $ | (2,955 | ) | $ | 17,798 | ||||||
31
32
| WGL Holdings This section describes the financial condition and results of operations of WGL Holdings and its subsidiaries on a consolidated basis. It includes discussions of our regulated and unregulated operations. WGL Holdings operations are derived from the results of Washington Gas and the results of our non-utility operations. | ||
| Washington Gas This section describes the financial condition and results of operations of Washington Gas, a wholly owned subsidiary that comprises the majority of our regulated utility segment. |
33
34
| weather conditions and weather patterns; | ||
| regulatory environment and regulatory decisions; | ||
| availability of natural gas supply and pipeline transportation and storage capacity; | ||
| diversity of natural gas supply; | ||
| volatility of natural gas prices; | ||
| non-weather related changes in natural gas consumption patterns; | ||
| maintaining the safety and reliability of the natural gas distribution system; | ||
| competitive environment; | ||
| environmental matters; | ||
| industry consolidation; | ||
| economic conditions and interest rates; | ||
| inflation/deflation; | ||
| use of business process outsourcing; | ||
| labor contracts, including labor and benefit costs; and | ||
| changes in accounting principles. |
35
| accounting for unbilled revenue and cost of gas recognition; | ||
| accounting for regulatory operations regulatory assets and liabilities; | ||
| accounting for income taxes; | ||
| accounting for contingencies; | ||
| accounting for derivative instruments and | ||
| accounting for pension and other post-retirement benefit plans. |
36
Net Income (Loss) by Operating Segment | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | Increase/ | |||||||||||
(In millions) | 2009 | 2008 | (Decrease) | |||||||||
Regulated Utility
|
$ | (2.4 | ) | $ | (8.1 | ) | $ | 5.7 | ||||
Non-utility operations:
|
||||||||||||
Retail energy-marketing
|
3.9 | 8.1 | (4.2 | ) | ||||||||
Design-Build Energy Systems
|
0.8 | 0.3 | 0.5 | |||||||||
Other, principally non-utility activities
|
(0.5 | ) | (0.8 | ) | 0.3 | |||||||
Total non-utility
|
4.2 | 7.6 | (3.4 | ) | ||||||||
Net Income / (Loss)
|
$ | 1.8 | $ | (0.5 | ) | $ | 2.3 | |||||
37
Regulated Utility Operating Results | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | Increase/ | |||||||||||
(In millions) | 2009 | 2008 | (Decrease) | |||||||||
Utility net revenues:
|
||||||||||||
Operating revenues
|
$ | 190.1 | $ | 244.4 | $ | (54.3 | ) | |||||
Less: Cost of gas
|
79.3 | 140.3 | (61.0 | ) | ||||||||
Revenue taxes
|
10.7 | 10.6 | 0.1 | |||||||||
Total utility net revenues
|
100.1 | 93.5 | 6.6 | |||||||||
Operation and maintenance
|
60.9 | 63.8 | (2.9 | ) | ||||||||
Depreciation and amortization
|
23.0 | 23.4 | (0.4 | ) | ||||||||
General taxes and other assessments
|
11.1 | 9.6 | 1.5 | |||||||||
Operating income
|
5.1 | (3.3 | ) | 8.4 | ||||||||
Interest expense
|
10.7 | 10.3 | 0.4 | |||||||||
Other (income) expenses-net, including preferred
stock dividends
|
(0.4 | ) | | (0.4 | ) | |||||||
Income tax expense
|
(2.8 | ) | (5.5 | ) | 2.7 | |||||||
Net Loss
|
$ | (2.4 | ) | $ | (8.1 | ) | $ | 5.7 | ||||
Composition of Changes in Utility Net Revenues | ||||
Increase / | ||||
(In millions) | (Decrease) | |||
Customer growth
|
$ | 0.7 | ||
Estimated Weather effects Offset by weather insurance and
derivative products
|
0.8 | |||
Estimated change in natural gas consumption patterns
|
(3.7 | ) | ||
Gas administrative charge (GAC)
|
(0.4 | ) | ||
Asset optimization:
|
||||
Realized margins
|
(1.4 | ) | ||
Unrealized mark-to market valuations
|
12.9 | |||
Current period lower of cost or market adjustment
|
0.9 | |||
Storage carrying costs
|
(1.7 | ) | ||
Earnings Sharing Mechanism (ESM)
|
(1.4 | ) | ||
Other
|
(0.1 | ) | ||
Total
|
$ | 6.6 | ||
38
39
Composition of Changes in Operation and Maintenance Expenses | ||||
Increase/ | ||||
(in millions) | (Decrease) | |||
Weather insurance and derivative products
|
||||
(Benefit)/loss
|
$ | 0.6 | ||
Decrease in premium costs
|
(0.1 | ) | ||
Business Process Outsourcing (BPO)
|
1.1 | |||
Labor and incentive plans
|
(1.0 | ) | ||
Employee benefits
|
(1.7 | ) | ||
Uncollectible accounts
|
(0.7 | ) | ||
Paving and leak repair
|
(0.3 | ) | ||
Other operating expenses
|
(0.8 | ) | ||
Total
|
$ | (2.9 | ) | |
40
Retail-Energy Marketing Financial and Statistical Data | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | Increase / | |||||||||||
(In millions) | 2009 | 2008 | (Decrease) | |||||||||
Operating Results
|
||||||||||||
Gross margins:
|
||||||||||||
Operating revenues
|
$ | 233.1 | $ | 214.4 | $ | 18.7 | ||||||
Less: Cost of energy
|
215.9 | 193.3 | 22.6 | |||||||||
Revenue taxes
|
0.2 | 0.2 | | |||||||||
Total gross margins
|
17.0 | 20.9 | (3.9 | ) | ||||||||
Operation expenses
|
9.6 | 6.5 | 3.1 | |||||||||
Depreciation and amortization
|
0.2 | 0.2 | | |||||||||
General taxes and other assessmentsother
|
0.7 | 0.7 | | |||||||||
Operating income
|
6.5 | 13.5 | (7.0 | ) | ||||||||
Other income (expenses)-net
|
| 0.1 | (0.1 | ) | ||||||||
Interest expense
|
0.1 | 0.1 | | |||||||||
Income tax expense
|
2.5 | 5.4 | (2.9 | ) | ||||||||
Net income
|
$ | 3.9 | $ | 8.1 | $ | (4.2 | ) | |||||
Analysis of gross margins
(In millions)
|
||||||||||||
Natural gas
|
||||||||||||
Realized margins
|
$ | 18.5 | $ | 9.9 | $ | 8.6 | ||||||
Unrealized mark-to-market gains (losses)
|
2.0 | 0.6 | 1.4 | |||||||||
Total gross margins natural gas
|
20.5 | 10.5 | 10.0 | |||||||||
Electricity
|
||||||||||||
Realized margins
|
8.1 | 6.1 | 2.0 | |||||||||
Unrealized mark-to-market gains (losses)
|
(11.6 | ) | 4.3 | (15.9 | ) | |||||||
Total gross margins electricity
|
(3.5 | ) | 10.4 | (13.9 | ) | |||||||
Total gross margins
|
$ | 17.0 | $ | 20.9 | $ | (3.9 | ) | |||||
Other Retail-Energy Marketing Statistics
|
||||||||||||
Natural gas
|
||||||||||||
Therm sales
(millions of therms)
|
102.8 | 111.8 | (9.0 | ) | ||||||||
Number of
customers
(end of period)
|
148,800 | 138,200 | 10,600 | |||||||||
Electricity
|
||||||||||||
Electricity
sales
(millions of kWhs)
|
1,293.3 | 854.3 | 439.0 | |||||||||
Number of
accounts
(end of period)
|
98,900 | 63,600 | 35,300 | |||||||||
41
Composition of Interest Expense Changes | ||||
Increase / | ||||
(In millions) | (Decrease) | |||
Long-term debt
|
$ | 0.4 | ||
Short-term debt
|
(0.2 | ) | ||
Other (includes AFUDC
(a)
)
|
0.2 | |||
Total
|
$ | 0.4 | ||
42
Net Income (Loss) by Operating Segment | ||||||||||||
Nine Months Ended | ||||||||||||
June 30, | Increase/ | |||||||||||
(In millions) | 2009 | 2008 | (Decrease) | |||||||||
Regulated Utility
|
$ | 126.7 | $ | 114.1 | $ | 12.6 | ||||||
Non-utility operations:
|
||||||||||||
Retail energy-marketing
|
3.6 | 15.0 | (11.4 | ) | ||||||||
Design-Build Energy Systems
|
2.9 | 0.8 | 2.1 | |||||||||
Other, principally non-utility activities
|
(1.7 | ) | (2.2 | ) | 0.5 | |||||||
Total non-utility
|
4.8 | 13.6 | (8.8 | ) | ||||||||
Net Income
|
$ | 131.5 | $ | 127.7 | $ | 3.8 | ||||||
Regulated Utility Operating Results | ||||||||||||
Nine Months Ended | ||||||||||||
June 30, | Increase/ | |||||||||||
(In millions) | 2009 | 2008 | (Decrease) | |||||||||
Utility net revenues:
|
||||||||||||
Operating revenues
|
$ | 1,371.9 | $ | 1,386.6 | $ | (14.7 | ) | |||||
Less: Cost of gas
|
778.1 | 825.7 | (47.6 | ) | ||||||||
Revenue taxes
|
52.9 | 47.6 | 5.3 | |||||||||
Total utility net revenues
|
540.9 | 513.3 | 27.6 | |||||||||
Operation and maintenance
|
190.6 | 188.1 | 2.5 | |||||||||
Depreciation and amortization
|
70.9 | 70.6 | 0.3 | |||||||||
General taxes and other assessmentsother
|
38.7 | 34.0 | 4.7 | |||||||||
Operating income
|
240.7 | 220.6 | 20.1 | |||||||||
Interest expense
|
33.8 | 33.8 | | |||||||||
Other (income) expenses-net, including preferred
stock dividends
|
(0.2 | ) | (0.3 | ) | 0.1 | |||||||
Income tax expense
|
80.4 | 73.0 | 7.4 | |||||||||
Net income
|
$ | 126.7 | $ | 114.1 | $ | 12.6 | ||||||
43
Composition of Changes in Utility Net Revenues | ||||
Increase / | ||||
(In millions) | (Decrease) | |||
Customer growth
|
$ | 4.5 | ||
Estimated Weather effects Offset by weather insurance and
derivative products
|
8.8 | |||
Estimated change in natural gas consumption patterns
|
(14.9 | ) | ||
Timing of prior year Maryland rate relief
|
(6.8 | ) | ||
Gas administrative charge (GAC)
|
1.2 | |||
Asset optimization:
|
||||
Realized margins
|
2.1 | |||
Unrealized mark-to market valuations
|
26.3 | |||
Current period lower of cost or market adjustment
|
(3.4 | ) | ||
Storage carrying costs
|
4.7 | |||
Earnings Sharing Mechanism (ESM)
|
(0.5 | ) | ||
Reversal of reserve for natural gas costs
|
4.6 | |||
Regulatory adjustment
|
(1.1 | ) | ||
Other
|
2.1 | |||
Total
|
$ | 27.6 | ||
44
45
Composition of Changes in Operation and Maintenance Expenses | ||||
Increase/ | ||||
(in millions) | (Decrease) | |||
Weather insurance and derivative products
|
||||
(Benefit)/loss
|
$ | 7.4 | ||
Decrease in premium costs
|
(3.1 | ) | ||
Business Process Outsourcing (BPO)
|
1.7 | |||
Labor and incentive plans
|
(1.2 | ) | ||
Employee benefits
|
(2.1 | ) | ||
Uncollectible accounts
|
0.3 | |||
Reversal of costs related to BPO
|
1.9 | |||
Paving and leak repair
|
(1.5 | ) | ||
Other operating expenses
|
(0.9 | ) | ||
Total
|
$ | 2.5 | ||
46
Retail-Energy Marketing Financial and Statistical Data | ||||||||||||
Nine Months Ended | ||||||||||||
June 30, | Increase / | |||||||||||
2009 | 2008 | (Decrease) | ||||||||||
Operating Results
(In millions)
|
||||||||||||
Gross margins:
|
||||||||||||
Operating revenues
|
$ | 916.1 | $ | 843.2 | $ | 72.9 | ||||||
Less: Cost of energy
|
881.2 | 794.8 | 86.4 | |||||||||
Revenue taxes
|
0.5 | 0.4 | 0.1 | |||||||||
Total gross margins
|
34.4 | 48.0 | (13.6 | ) | ||||||||
Operation expenses
|
24.9 | 19.2 | 5.7 | |||||||||
Depreciation and amortization
|
0.6 | 0.6 | | |||||||||
General taxes and other assessmentsother
|
2.3 | 2.3 | | |||||||||
Operating income
|
6.6 | 25.9 | (19.3 | ) | ||||||||
Other income (expenses)-net
|
0.1 | 0.1 | | |||||||||
Interest expense
|
0.6 | 1.1 | (0.5 | ) | ||||||||
Income tax expense
|
2.5 | 9.9 | (7.4 | ) | ||||||||
Net income
|
$ | 3.6 | $ | 15.0 | $ | (11.4 | ) | |||||
Analysis of gross margins
(In millions)
|
||||||||||||
Natural gas
|
||||||||||||
Realized margins
|
$ | 31.6 | $ | 20.4 | $ | 11.2 | ||||||
Unrealized mark-to-market gains (losses)
|
(3.4 | ) | 0.9 | (4.3 | ) | |||||||
Total gross margins natural gas
|
28.2 | 21.3 | 6.9 | |||||||||
Electricity
|
||||||||||||
Realized margins
|
29.9 | 24.4 | 5.5 | |||||||||
Unrealized mark-to-market gains (losses)
|
(23.7 | ) | 2.3 | (26.0 | ) | |||||||
Total gross margins electricity
|
6.2 | 26.7 | (20.5 | ) | ||||||||
Total gross margins
|
$ | 34.4 | $ | 48.0 | $ | (13.6 | ) | |||||
Other Retail-Energy Marketing Statistics
|
||||||||||||
Natural gas
|
||||||||||||
Therm sales (millions of therms)
|
565.0 | 562.6 | 2.4 | |||||||||
Number of customers (end of period)
|
148,800 | 138,200 | 10,600 | |||||||||
Electricity
|
||||||||||||
Electricity sales (millions of kWhs)
|
3,176.3 | 2,625.3 | 551.0 | |||||||||
Number of accounts (end of period)
|
98,900 | 63,600 | 35,300 | |||||||||
47
Composition of Interest Expense Changes | ||||
Increase / | ||||
(In millions) | (Decrease) | |||
Long-term debt
|
$ | 1.0 | ||
Short-term debt
|
(2.4 | ) | ||
Other (includes AFUDC
(a)
)
|
0.7 | |||
Total
|
$ | (0.7 | ) | |
(a) | Represents Allowance for Funds Used During Construction. |
48
49
Committed Credit Available (In millions) | ||||||||
Committed credit agreements | WGL Holdings | Washington Gas | ||||||
Unsecured revolving credit
facility, expires August 3, 2012
(a)
|
$ | 400.0 | $ | 300.0 | ||||
Unsecured credit agreement,
expires September 19, 2009
|
| 10.0 | ||||||
Total committed credit agreements
|
$ | 400.0 | $ | 310.0 | ||||
Less: Commercial Paper
|
(22.0 | ) | | |||||
Net committed credit available
|
$ | 378.0 | $ | 310.0 | ||||
(a) | Both WGL Holdings and Washington Gas have the right to request extensions with the banks approval. WGL Holdings revolving credit facility permits it to borrow an additional $50 million, with the banks approval, for a total of $450 million. Washington Gass revolving credit facility permits it to borrow an additional $100 million, with the banks approval, for a total of $400 million. |
50
Credit Ratings for Outstanding Debt Instruments | ||||||||
WGL Holdings | Washington Gas | |||||||
Unsecured | Unsecured | |||||||
Medium-Term Notes | Commercial | Medium-Term | Commercial | |||||
Rating Service | (Indicative) (a) | Paper | Notes | Paper | ||||
Fitch Ratings
|
A+ | F1 | AA- | F1+ | ||||
Moodys Investors Service
|
Not Rated | Not Prime | A2 | P-1 | ||||
Standard & Poors Ratings Services
(b)
|
AA- | A-1 | AA- | A-1 | ||||
(a) | Indicates the ratings that may be applicable if WGL Holdings were to issue unsecured MTNs. | |
(b) | The long-term debt rating issued by Standard & Poors Ratings Services for WGL Holdings and Washington Gas is stable. |
51
| Accounts receivable and unbilled revenuesnet increased $38.1 million from September 30, 2008, primarily due to increased sales volumes to customers during our winter heating season and increased sales volumes associated with Washington Gass asset optimization program. | ||
| Storage gas inventory cost levels decreased $249.8 million from September 30, 2008 due to seasonal physical withdrawals. | ||
| Gas costs and other regulatory liabilities increased $35.3 million from September 30, 2008 due to a decrease in unbilled gas costs and an increase in estimated amounts due to customers under the Companys performance-based rate plans. | ||
| Accounts payable and other accrued liabilities decreased $35.1 million, largely attributable to a decrease in the cost of the natural gas purchased for both deliveries to customers since the 2008-2009 winter heating season and Washington Gass asset optimization program. | ||
| Other prepayments increased $27.2 million from September 30, 2008 due to an increase in collateral receivables for transactions with wholesale counterparties for the purchase of energy for our retail-energy marketing segment. This increase in collateral reflects lower market prices for energy, compared to the contracted purchase price of energy supplies. |
52
53
54
55
56
57
58
Credit Exposure to Wholesale Counterparties (In millions) | ||||||||||||||||||||
Offsetting | Number of | Net Exposure of | ||||||||||||||||||
Exposure | Credit | Counterparties | Counterparties | |||||||||||||||||
Before Credit | Collateral | Net | Greater | Greater Than | ||||||||||||||||
Rating (a) | Collateral (b) | Held (c) | Exposure | Than 10% (d) | 10% | |||||||||||||||
Washington Gas
|
||||||||||||||||||||
Investment Grade
|
$ | 27.2 | $ | | $ | 27.2 | 5 | $ | 21.1 | |||||||||||
Non-Investment Grade
|
0.4 | | 0.4 | | | |||||||||||||||
No External Ratings
|
0.1 | 0.1 | | | | |||||||||||||||
WGEServices
|
||||||||||||||||||||
Investment Grade
|
$ | 0.1 | $ | | $ | 0.1 | 1 | $ | 0.1 | |||||||||||
Non-Investment Grade
|
| | | | | |||||||||||||||
No External Ratings
|
0.2 | 10.0 | | 1 | 0.2 | |||||||||||||||
(a) | Included in Investment Grade are counterparties with a minimum Standard & Poors or Moodys Investor Service rating of BBB- or Baa3, respectively. If a counterparty has provided a guarantee by a higher-rated entity (e.g., its parent), the guarantors rating is used in this table. | |
(b) | Includes the net of all open positions on energy-related derivatives subject to mark-to-market accounting requirements, the net receivable/payable for realized transactions and net open positions for contracts designated as normal purchases and normal sales and not recorded on our balance sheet. Amounts due from counterparties are offset by liabilities payable to those counterparties to the extent that legally enforceable netting arrangements are in place. | |
(c) | Represents cash deposits and letters of credit received from counterparties, not adjusted for probability of default. | |
(d) | Using a percentage of the net exposure. |
59
Regulated Utility Segment | ||||
Changes in Fair Value of Energy-Related Derivatives | ||||
(In millions) | ||||
Net assets (liabilities) at September 30, 2008
|
$ | (35.6 | ) | |
Net fair value of contracts entered into during the period
|
(1.4 | ) | ||
Other changes in net fair value
|
18.7 | |||
Realized net settlement of derivatives
|
24.3 | |||
Net assets (liabilities) at June 30, 2009
|
$ | 6.0 | ||
Regulated Utility Segment | ||||
Roll Forward of Energy-Related Derivatives | ||||
(In millions) | ||||
Net assets (liabilities) at September 30, 2008
|
$ | (35.6 | ) | |
Recorded to income
|
17.9 | |||
Recorded to regulatory assets/liabilities
|
(1.9 | ) | ||
Net option premium payments
|
1.3 | |||
Realized net settlement of derivatives
|
24.3 | |||
Net assets (liabilities) at June 30, 2009
|
$ | 6.0 | ||
60
Regulated Utility Segment | ||||||||||||||||||||||||||||
Maturity of Net Assets (Liabilities) Associated with our Energy-Related Derivatives | ||||||||||||||||||||||||||||
Years Ended September 30, | ||||||||||||||||||||||||||||
Remainder | ||||||||||||||||||||||||||||
(In millions) | Total | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | |||||||||||||||||||||
Level 1 - Quoted prices in active markets
|
$ | | $ | | $ | | $ | | $ | | $ | | $ | | ||||||||||||||
Level 2 - Significant other observable inputs
|
13.2 | 4.7 | 6.3 | 0.8 | 0.2 | 0.1 | 1.1 | |||||||||||||||||||||
Level 3 - Significant unobservable inputs
|
(7.2 | ) | (0.8 | ) | (6.5 | ) | (5.3 | ) | 1.2 | 1.1 | 3.1 | |||||||||||||||||
Total net assets (liabilities) associated
with our energy-related
derivatives
|
$ | 6.0 | $ | 3.9 | $ | (0.2 | ) | $ | (4.5 | ) | $ | 1.4 | $ | 1.2 | $ | 4.2 | ||||||||||||
61
Retail Energy-Marketing Segment | ||||
Changes in Fair Value of Energy-Related Derivatives | ||||
(In millions) | ||||
Net assets (liabilities) at September 30, 2008
|
$ | (3.4 | ) | |
Net fair value of contracts entered into during the period
|
(24.3 | ) | ||
Other changes in net fair value
|
(21.7 | ) | ||
Realized net settlement of derivatives
|
16.4 | |||
Net assets (liabilities) at June 30, 2009
|
$ | (33.0 | ) | |
Retail Energy-Marketing Segment | ||||
Roll Forward of Energy-Related Derivatives | ||||
(In millions) | ||||
Net assets (liabilities) at September 30, 2008
|
$ | (3.4 | ) | |
Recorded to income
|
(43.4 | ) | ||
Recorded to accounts payable
(a)
|
(4.6 | ) | ||
Recorded to retained earnings
(b)
|
1.7 | |||
Net option premium payments
|
0.3 | |||
Realized net settlement of derivatives
|
16.4 | |||
Net assets (liabilities) at June 30, 2009
|
$ | (33.0 | ) | |
(a) | Represents the amount to be paid for future Financial Transmission Rights related to electricity for WGEServices. | |
(b) | Represents the cumulative-effect adjustment to the opening balance of retained earnings or other appropriate components of net assets upon adoption of SFAS No. 157, Fair Value Measurements. |
62
Retail Energy Marketing Segment | ||||||||||||||||||||||||||||
Maturity of Net Assets (Liabilities) Associated with our Energy-Related Derivatives | ||||||||||||||||||||||||||||
Years Ended September 30, | ||||||||||||||||||||||||||||
Remainder | ||||||||||||||||||||||||||||
(In millions) | Total | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | |||||||||||||||||||||
Level 1 - Quoted prices in active markets
|
$ | | $ | | $ | | $ | | $ | | $ | | $ | | ||||||||||||||
Level 2 - Significant other observable inputs
|
(11.1 | ) | (7.2 | ) | (2.9 | ) | (0.4 | ) | (0.1 | ) | (0.5 | ) | | |||||||||||||||
Level 3 - Significant unobservable inputs
|
(21.9 | ) | (0.8 | ) | (7.8 | ) | (8.9 | ) | (4.0 | ) | (0.4 | ) | | |||||||||||||||
Total net assets (liabilities) associated
with our energy-related
derivatives
|
$ | (33.0 | ) | $ | (8.0 | ) | $ | (10.7 | ) | $ | (9.3 | ) | $ | (4.1 | ) | $ | (0.9 | ) | $ | | ||||||||
63
64
Gas Deliveries, Weather and Meter Statistics | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | Increase/ | |||||||||||
2009 | 2008 | (Decrease) | ||||||||||
Gas Sales and Deliveries
(millions of therms)
|
||||||||||||
Firm
|
||||||||||||
Gas sold and delivered
|
99.2 | 105.2 | (6.0 | ) | ||||||||
Gas delivered for others
|
69.0 | 70.9 | (1.9 | ) | ||||||||
Total firm
|
168.2 | 176.1 | (7.9 | ) | ||||||||
Interruptible
|
||||||||||||
Gas sold and delivered
|
0.7 | 1.6 | (0.9 | ) | ||||||||
Gas delivered for others
|
55.1 | 51.1 | 4.0 | |||||||||
Total interruptible
|
55.8 | 52.7 | 3.1 | |||||||||
Electric generationdelivered for others
|
12.4 | 22.5 | (10.1 | ) | ||||||||
Total deliveries
|
236.4 | 251.3 | (14.9 | ) | ||||||||
Degree Days
|
||||||||||||
Actual
|
343 | 271 | 72 | |||||||||
Normal
|
302 | 302 | | |||||||||
Percent colder (warmer) than normal
|
13.6 | % | (10.3 | )% | n/a | |||||||
Average active customer meters
|
1,069,189 | 1,058,527 | 10,662 | |||||||||
New customer meters added
|
2,064 | 2,449 | (385 | ) | ||||||||
65
Gas Deliveries, Weather and Meter Statistics | ||||||||||||
Nine Months Ended | ||||||||||||
June 30, | Increase/ | |||||||||||
2009 | 2008 | (Decrease) | ||||||||||
Gas Sales and Deliveries
(millions of therms)
|
||||||||||||
Firm
|
||||||||||||
Gas sold and delivered
|
839.0 | 767.8 | 71.2 | |||||||||
Gas delivered for others
|
416.6 | 389.7 | 26.9 | |||||||||
Total firm
|
1,255.6 | 1,157.5 | 98.1 | |||||||||
Interruptible
|
||||||||||||
Gas sold and delivered
|
2.9 | 5.6 | (2.7 | ) | ||||||||
Gas delivered for others
|
228.5 | 211.8 | 16.7 | |||||||||
Total interruptible
|
231.4 | 217.4 | 14.0 | |||||||||
Electric generationdelivered for others
|
58.8 | 57.6 | 1.2 | |||||||||
Total deliveries
|
1,545.8 | 1,432.5 | 113.3 | |||||||||
Degree Days
|
||||||||||||
Actual
|
4,203 | 3,456 | 747 | |||||||||
Normal
|
3,759 | 3,773 | (14 | ) | ||||||||
Percent colder (warmer) than normal
|
11.8 | % | (8.4 | )% | n/a | |||||||
Average active customer meters
|
1,065,925 | 1,056,183 | 9,742 | |||||||||
New customer meters added
|
8,093 | 9,885 | (1,792 | ) | ||||||||
66
67
68
69
70
| Price Risk Related to the Regulated Utility Segment | ||
| Price Risk Related to the Retail Energy-Marketing Segment | ||
| Weather Risk | ||
| Interest-Rate Risk |
71
|
10.1 | Service Agreement, effective October 31, 2008, with Columbia Gas Transmission Company related to Firm Storage Service. | ||||
|
||||||
|
10.2 | Service Agreement, effective October 31, 2008, with Columbia Gas Transmission Company related to Firm Transportation Service. | ||||
|
||||||
|
10.3 | Service Agreement, effective October 31, 2008, with Columbia Gas Transmission Company related to Firm Transportation Service. | ||||
|
||||||
|
10.4 | Service Agreement, effective October 31, 2008, with Columbia Gas Transmission Company related to Firm Transportation Service. | ||||
|
||||||
|
31.1 | Certification of James H. DeGraffenreidt, Jr., the Chairman and Chief Executive Officer of WGL Holdings, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||||
|
||||||
|
31.2 | Certification of Vincent L. Ammann, Jr., the Vice President and Chief Financial Officer of WGL Holdings, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||||
|
||||||
|
31.3 | Certification of James H. DeGraffenreidt, Jr., the Chairman and Chief Executive Officer of Washington Gas Light Company, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||||
|
||||||
|
31.4 | Certification of Vincent L. Ammann, Jr., the Vice President and Chief Financial Officer of Washington Gas Light Company, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||||
|
||||||
|
32 | Certification of James H. DeGraffenreidt, Jr., the Chairman and Chief Executive Officer, and Vincent L. Ammann, Jr., the Vice President and Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | ||||
|
||||||
|
99.1 | Computation of Ratio of Earnings to Fixed ChargesWGL Holdings, Inc. | ||||
|
||||||
|
99.2 | Computation of Ratio of Earnings to Fixed Charges and Preferred Stock DividendsWGL Holdings, Inc. | ||||
|
||||||
|
99.3 | Computation of Ratio of Earnings to Fixed ChargesWashington Gas Light Company. | ||||
|
||||||
|
99.4 | Computation of Ratio of Earnings to Fixed Charges and Preferred Stock DividendsWashington Gas Light Company. |
72
|
WGL HOLDINGS, INC. | |||
|
||||
|
and | |||
|
||||
|
WASHINGTON GAS LIGHT COMPANY | |||
|
(Co-Registrants) | |||
|
||||
Date: August 7, 2009
|
/s/ Mark P. OFlynn | |||
|
||||
|
Mark P. OFlynn | |||
|
Controller | |||
|
(Principal Accounting Officer) |
73
|
||
|
A NiSource Company
|
|
|
||
|
1700 MacCorkle Ave SE
|
|
|
PO Box 1273
|
|
|
Charleston,
WV 25325-1273
|
Re: |
FSS Service Agreement No. 4409
FTS Service Agreement No. 4484 SST Service Agreement No. 100303 |
|
Service Agreement No. 4409 | |
|
Control No. |
|
Service Agreement No. 4409 | |
|
Control No. |
WASHINGTON GAS LIGHT COMPANY | COLUMBIA GAS TRANSMISSION, LLC | |||||||||
|
||||||||||
By
|
/s/ Terry D. McCallister
|
By |
/s/ Mark S. Wilke
|
|||||||
Terry D. McCallister | Mark S. Wilke | |||||||||
Title
|
President & COO | Title | Director, Commercial Services |
Maximum Daily Storage | ||||||
Begin Date | End Date | Storage Contract Quantity Dth | Quantity Dth/Day | |||
November 1, 2008 | March 31, 2016 | 24,857,198 | 396,650 | |||
April 1, 2016 | March 31, 2018 | 18,642,930 | 297,488 | |||
April 1, 2018 | March 31, 2020 | 12,428,662 | 198,326 | |||
April 1, 2020 | March 31, 2022 | 6,214,394 | 99,164 |
Washington Gas Light Company | Columbia Gas Transmission, LLC | |||||||||
|
||||||||||
By:
|
/s/ Terry D. McCallister
|
By: |
/s/ Mark S. Wilke
|
|||||||
Terry D. McCallister | Its: | Director, Commercial Services | ||||||||
Its:
|
President & COO | Date: | 6-12-09 | |||||||
Date:
|
|
||
|
A NiSource Company | |
|
||
|
1700 MacCorkle Ave SE | |
|
PO Box 1273 | |
Customer Services
|
Charleston, WV 25325-1273 |
Re: |
FSS Service Agreement No. 4409
FTS Service Agreement No. 4484 SST Service Agreement No. 100303 |
WASHINGTON GAS LIGHT COMPANY | COLUMBIA GAS TRANSMISSION, LLC | |||||||||
|
||||||||||
By
|
/s/ Terry D. McCallister
President & COO |
By
|
/s/ Mark S. Walke
|
4484
Revision No. 0
FTS
Columbia Gas Transmission, LLC
Washington Gas Light Company
Transportation
Begin Date
End Date
Demand Dth/day
Recurrence Interval
March 31, 2016
277,806
1/1 - 12/31
March 31, 2018
208,355
1/1 - 12/31
March 31, 2020
138,904
1/1 - 12/31
March 31, 2022
69,453
1/1 - 12/31
Minimum
Receipt
Scheduling
Scheduling
Measuring
Measuring
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Maximum Daily Quantity
Obligation
Flowrate
Recurrence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(psig) 1/
(Dth/hour) 1/
Interval
March 31, 2016
801
TCO-LEACH
272,294
1/1 12/31
March 31, 2018
801
TCO-LEACH
202,843
1/1 12/31
March 31, 2020
801
TCO-LEACH
133,392
1/1 12/31
March 31, 2022
801
TCO-LEACH
63,941
1/1 12/31
March 31, 2022
A01
KENOVA AGG POINT 0
12
1/1 12/31
March 31, 2022
CNR02
BOLDMAN-16
4,100
1/1 12/31
March 31, 2022
CNR14
HUFF CREEK-16
1,400
1/1 12/31
Appendix A to Service Agreement No.
|
4484 | Revision No. 0 | ||
|
||||
Under Rate Schedule
|
FTS | |||
|
||||
Between (Transporter)
|
Columbia Gas Transmission, LLC | |||
|
||||
and (Shipper)
|
Washington Gas Light Company |
Minimum | ||||||||||||||||||||||||
Maximum | Design | Delivery | ||||||||||||||||||||||
Scheduling | Scheduling | Measuring | Measuring | Daily Delivery | Daily | Aggregate | Pressure | Hourly | ||||||||||||||||
Begin | End | Point | Point | Point | Point | Obligation | Quantity | Daily | Obligation | Flowrate | Recurrence | |||||||||||||
Date | Date | No. | Name | No. | Name | (Dth/Day) 1/ | (Dth/Day) 1/ | Quantity 1/ | (psig) 1/ | (Dth/hour) 1/ | Interval | |||||||||||||
November 1, 2008
|
January 28, 2009 | 78-28 | WASHINGTON GAS 28 | 45,902 | 1/1 12/31 | |||||||||||||||||||
January 29, 2009
|
March 31, 2016 | 78-28 | WASHINGTON GAS-28 | 45,902 | 1/1 12/31 | |||||||||||||||||||
April 1, 2016
|
March 31, 2018 | 78-28 | WASHINGTON GAS- 28 | 34,427 | 1/1 12/31 | |||||||||||||||||||
April 1, 2018
|
March 31, 2020 | 78-28 | WASHINGTON GAS-28 | 22,951 | 1/1 12/31 | |||||||||||||||||||
April 1, 2020
|
March 31, 2022 | 78-28 | WASHINGTON GAS-28 | 11,476 | 1/1 - 12/31 | |||||||||||||||||||
November 1, 2008
|
January 28, 2009 | 78-30 | WASHINGTON GAS-30 | 276,804 | 1/1 12/31 | |||||||||||||||||||
January 29, 2009
|
March 31, 2016 | 78-30 | WASHINGTON GAS-30 | 276,804 | 1/1 12/31 | |||||||||||||||||||
April 1, 2016
|
March 31, 2018 | 78-30 | WASHINGTON GAS-30 | 207,603 | 1/1 12/31 | |||||||||||||||||||
April 1, 2018
|
March 31, 2020 | 78-30 | WASHINGTON GAS-30 | 138,402 | 1/1 12/31 | |||||||||||||||||||
April 1, 2020
|
March 31, 2022 | 78-30 | WASHINGTON GAS-30 | 69,201 | 1/1 12/31 | |||||||||||||||||||
November 1, 2008
|
January 28, 2009 | LOUDOUN | LOUDOUN LNG | 92,363 | 1/1 12/31 | |||||||||||||||||||
January 29, 2009
|
March 31, 2016 | LOUDOUN | LOUDOUN LNG | 92,363 | 1/1 12/31 | |||||||||||||||||||
April 1, 2016
|
March 31, 2018 | LOUDOUN | LOUDOUN LNG | 69,272 | 1/1 12/31 | |||||||||||||||||||
April 1, 2018
|
March 31, 2020 | LOUDOUN | LOUDOUN LNG | 46,182 | 1/1 12/31 | |||||||||||||||||||
April 1, 2020
|
March 31, 2022 | LOUDOUN | LOUDOUN LNG | 23,091 | 1/1 12/31 |
1/ | Application of MDDOs, DDQs and ADQs and/or minimum pressure and/or hourly flowrate shall be as follows: |
Appendix A to Service Agreement No.
|
4484 | Revision No. 0 | ||
|
||||
Under Rate Schedule
|
FTS | |||
|
||||
Between (Transporter)
|
Columbia Gas Transmission, LLC | |||
|
||||
and (Shipper)
|
Washington Gas Light Company |
Washington Gas Light Company | Columbia Gas Transmission, LLC | |||||||||
|
||||||||||
By:
|
/s/ Terry D. McCallister
|
By: |
/s/ Mark S. Walke
|
|||||||
Its:
|
Terry D. McCallister
President & COO |
Its:
Date: |
Director, Commercial Services
6-12-09 |
|||||||
Date:
|
|
Re: |
FSS Service Agreement No. 4409
FTS Service Agreement No. 4484 SST Service Agreement No. 100303 |
WASHINGTON GAS LIGHT COMPANY | COLUMBIA GAS TRASMISSION, LLC | |||||||
|
||||||||
By
Title |
/s/ Terry D. McCallister
|
By
Title |
/s/ Mark S. Walke
|
|||||
|
President & COO |
100303
Revision No. 0
SST
Columbia Gas Transmission, LLC
Washington Gas Light Company
Begin Date
End Date
Transportation Demand Dth/day
Recurrence Interval
March 31, 2009
396,650
10/1 - 3/31
September 30, 2009
198,325
4/1 - 9/30
March 31, 2010
396,650
10/1 - 3/31
September 30, 2010
198,325
4/1 - 9/30
March 31, 2011
396,650
10/1 - 3/31
September 30, 2011
198,325
4/1 - 9/30
March 31, 2012
396,650
10/1 - 3/31
September 30, 2012
198,325
4/1 - 9/30
March 31, 2013
396,650
10/1 - 3/31
September 30, 2013
198,325
4/1
-
9/30
March 31, 2014
396,650
10/1 - 3/31
September 30, 2014
198,325
4/1 - 9/30
March 31, 2015
396,650
10/1 - 3/31
September 30, 2015
198,325
4/1 - 9/30
March 31, 2016
396,650
10/1 - 3/31
September 30, 2016
148,744
4/1 - 9/30
March 31, 2017
297,488
10/1 - 3/31
September 30, 2017
148,744
4/1 - 9/30
March 31, 2018
297,488
10/1 - 3/31
September 30, 2018
99,163
4/1 - 9/30
March 31, 2019
198,326
10/1 - 3/31
September 30, 2019
99,163
4/1 - 9/30
Appendix A to Service Agreement No.
|
100303 | Revision No. 0 | ||
|
||||
Under Rate Schedule
|
SST | |||
|
||||
Between (Transporter)
|
Columbia Gas Transmission, LLC | |||
|
||||
and (Shipper)
|
Washington Gas Light Company |
Begin Date | End Date | Transportation Demand Dth/day | Recurrence interval | |||||||
October 1, 2019
|
March 31, 2020 | 198,326 | 10/1 - 3/31 | |||||||
April 1, 2020
|
September 30, 2020 | 49,582 | 4/1 - 9/30 | |||||||
October 1, 2020
|
March 31, 2021 | 99,164 | 10/1 - 3/31 | |||||||
April 1, 2021
|
September 30, 2021 | 49,582 | 4/1 - 9/30 | |||||||
October 1, 2021
|
March 31, 2022 | 99,164 | 10/1 - 3/31 |
Scheduling | Scheduling | Maximum Daily | ||||||||||
Begin | End | Point | Point | Quantity | Recurrence | |||||||
Date | Date | No. | Name | (Dth/Day) 1/ | interval | |||||||
November 1, 2008
|
March 31, 2009 | STOR | RP Storage Point TCO | 396,650 | 10/1 3/31 | |||||||
April 1, 2009
|
September 30, 2009 | STOR | RP Storage Point TCO | 198,325 | 4/1 9/30 | |||||||
October 1, 2009
|
March 31, 2010 | STOR | RP Storage Point TCO | 396,650 | 10/1 3/31 | |||||||
April 1, 2010
|
September 30, 2010 | STOR | RP Storage Point TCO | 198,325 | 4/1 9/30 | |||||||
October 1, 2010
|
March 31, 2011 | STOR | RP Storage Point TCO | 396,650 | 10/1 3/31 | |||||||
April 1, 2011
|
September 30, 2011 | STOR | RP Storage Point TCO | 198,325 | 4/1 9/30 | |||||||
October 1, 2011
|
March 31, 2012 | STOR | RP Storage Point TCO | 396,650 | 10/1- 3/31 | |||||||
April 1, 2012
|
September 30, 2012 | STOR | RP Storage Point TCO | 198,325 | 4/1 9/30 | |||||||
October 1, 2012
|
March 31, 2013 | STOR | RP Storage Point TCO | 396,650 | 10/1 3/31 | |||||||
April 1, 2013
|
September 30, 2013 | STOR | RP Storage Point TCO | 198,325 | 4/1 9/30 | |||||||
October 1, 2013
|
March 31, 2014 | STOR | RP Storage Point TCO | 396,650 | 10/1 3/31 | |||||||
April 1, 2014
|
September 30, 2014 | STOR | RP Storage Point TCO | 198,325 | 4/1 9/30 | |||||||
October 1, 2014
|
March 31, 2015 | STOR | RP Storage Point TCO | 396,650 | 10/1 3/31 | |||||||
April 1, 2015
|
September 30, 2015 | STOR | RP Storage Point TCO | 198,325 | 4/1 9/30 | |||||||
October 1, 2015
|
March 31, 2016 | STOR | RP Storage Point TCO | 396,650 | 10/1 3/31 | |||||||
April 1, 2016
|
September 30, 2016 | STOR | RP Storage Point TCO | 148,744 | 4/1 9/30 |
100303
Revision No. 0
SST
Columbia Gas Transmission, LLC
Washington Gas Light Company
Scheduling
Scheduling
Maximum Daily
Begin
End
Point
Point
Quantity
Recurrence
Date
Date
No.
Name
(Dth/Day) 1/
interval
March 31, 2017
STOR
RP Storage Point TCO
297,488
10/1 - 3/31
September 30, 2017
STOR
RP Storage Point TCO
148,744
4/1 - 9/30
March 31, 2018
STOR
RP Storage Point TCO
297,488
10/1 - 3/31
September 30, 2018
STOR
RP Storage Point TCO
99,163
4/1 - 9/30
March 31, 2019
STOR
RP Storage Point TCO
198,326
10/1 - 03/31
September 30, 2019
STOR
RP Storagn Point TCO
99,163
4/1 - 9/30
March 31, 2020
STOR
RP Storage Point TCO
198,326
10/1 03/31
September 30, 2020
STOR
RP Storage Point TCO
49,582
4/1 - 9/30
March 31, 2021
STOR
RP Storage Point TCO
99,164
10/1 - 3/31
September 30, 2021
STOR
RP Storage Point TCO
49,582
4/1 - 9/30
March 31, 2022
STOR
RP Storage Point TCO
99,164
10/1 - 3/31
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Recurrence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/Day) 1/
interval
March 31, 2016
78-28
WASHINGTON GAS 28
805458
BRINK
46,002
300
10/1 - 3/31
March 31, 2016
78 -28
WASHINGTON GAS-28
805458
BRINK
33,581
300
4/1 - 9/30
March 31, 2016
78-28
WASHINGTON GAS-28
835175
WGL POOLESVILLE
2,400
10/1 - 3/31
March 31, 2016
78-28
WASHINGTON GAS 28
835175
WGL POOLESVILLE
1,752
4/1 - 9/30
March 31, 2018
78-28
WASHINGTON GAS- 28
806458
BRINK
34,502
300
10/1 - 3/31
March 31, 2018
78-28
WASHINGTON GAS-28
805458
BRINK
26,221
300
4/1 - 9/30
March 31, 2018
78-28
WASHINGTON GAS-28
835175
WGL POOLESVILLE
1,800
10/1 - 3/31
March 31, 2018
78-28
WASIHNGTON GAS-28
835175
WGL POOLESVlLLE
1,368
4/1-9/30
100303
Revision No. 0
SST
Columbia Gas Transmission, LLC
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Recurrence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/hour 1/
Interval
March 31, 2020
78-28
WASHINGTON GAS-28
805458
BRINK
23,001
300
10/1 - 3/31
March 31, 2020
78-28
WASHINGTON GAS-28
805458
BRINK
18,631
300
4/1 - 9/30
March 31, 2020
78-28
WASHINGTON GAS-28
835175
WGL POOLESVILLE
1,200
10/1 - 3/31
March 31, 2020
78-28
WASHINGTON GAS-28
835175
WGL POOLESVILLE
972
4/1 - 9/30
March 31, 2022
78-28
WASHINGTON GAS-28
805458
BRINK
11,501
300
10/1 - 3/31
March 31, 2022
78-28
WASHINGTON GAS-28
805458
BRINK
10,120
300
4/1 - 9/30
March 31. 2022
78-28
WASHINGTON GAS-28
835175
WGL POOLESVILLE
600
10/1 - 3/31
March 31, 2022
78-28
WASHINGTON GAS-28
835175
WGL POOLESVILLE
528
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
802675
WGL Dranesville
135,303
300
10/1 - 3/31
March 31, 2016
78-30
WASHINGTON GAS-30
802675
WGL Dranesville
96,771
300
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
802677
ROCKVILLE
488,585
300
10/1 - 3/31
March 31, 2016
78-30
WASHING TON GAS-30
802677
ROCKVILLE
356,667
300
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
803276
WGL Cedar Creek
12,509
500
10/1 - 3/31
March 31, 2016
78-30
WASHINGTON GAS-30
803276
WGL Cedar Creek
9,132
500
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
804581
MANASSAS
0
10/I - 3/31
March 31, 2016
78-30
WASHINGTON GAS-30
804581
MANASSAS
0
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
805007
STRASBURG
1,700
300
10/1 - 3/31
March 31, 2016
78-30
WASHINGTON GAS-30
805007
STRASBURG
1,241
300
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
805181
New Markek
750
300
10/1 - 3/31
March 31, 2016
78-30
WASHINGTON GAS-30
805181
New Market
548
300
4/1 - 9/30
March 31, 2016
78-30
WASHING] ON GAS-30
805268
Howell Metal Co.
372
50
10/1 - 3/31
March 31, 2016
78 30
WASHINGTON GAS-30
805268
Howell Metal Co.
272
50
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
805439
NINEVEH
16,712
500
10/1 - 3/31
March 31, 2016
78-30
WASHINGTON GAS-30
805439
NINEVEH
12,200
500
4/1 - 9/30
March 31, 2016
78-30
WASHINGTON GAS-30
807000
MAIN LINE CUSTOMER
710
10/1 - 3/31
March 31, 2016
78-30
WASHINGTON GAS-30
807000
MAIN LINE CUSTOMER
518
4/1 - 9/30
March 31, 2016
78-
30
WASHINGTON GAS-30
819683
WOODSTOCK
4,400
300
10/1 - 3/31
Appendix A to Service Agreement No.
100303
Revision No. 0
Under Rate Schedule
SST
Between (Transporter)
Columbia Gas Transmission, LLC
and (Shipper)
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flow rate
Recurrence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/hour) 1/
Interval
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
819683
WOODSTOCK
3,212
300
4/1-9/30
November 1, 2008
March 31, 2016
78 30
WASHINGTON GAS-30
828715
WGL Mt Jackson
400
300
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
828715
WGL Mt Jackson
292
300
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
831526
ROCKVILLE HEATER F
0
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
831526
ROCKVILLE HEATER F
0
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
831527
ROCKVILLE HEATER F
0
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
831527
ROCKVILLE HEATER F
0
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
832737
Mt. View Rendering Co.
1,350
10/1 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
832737
Mt. View Rendering Co.
986
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
832797
MT. VIEW HTR FUEL RE
0
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
832797
MT. VIEW HTR FUEL RE
0
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
834217
ASPHALT
0
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
S34217
ASPHALT
0
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
834308
MIDDLEBURG
960
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
834308
MIDDLEBURG
701
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
835804
WGL Linton Hall
7,200
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
835804
WGL Linton Hall
5,256
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
835865
LAKE MANASSAS
1,440
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
835865
LAKE MANASSAS
1,051
4/1 - 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
836717
WGL-CHANRLLY
21,645
300
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
836717
WGL -CHANRLLY
15.801
300
4/1 9/30
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
890191
SHENANDOAH VALLEY
48
300
10/1 - 3/31
November 1, 2008
March 31, 2016
78-30
WASHINGTON GAS-30
890191
SHENANDOAH VALLEY
35
300
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS-30
802675
WGL Dranesville
101,477
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS-30
802675
WGL Dranesville
77,123
300
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS-30
802677
ROCKVILLE
366,439
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS-30
802677
ROCKVILLE
278,493
300
4/1 - 9/30
Appendix A to Service Agreement No.
100303
Revision No. 0
Under Rate Schedule
SST
Between (Transporter)
Columbia Gas Transmission, LLC
and (Shipper)
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Recurrence
Date
Data
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/hour) 1/
Interval
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
803276
WGL Cedar Creek
9,382
500
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
803276
WGL Cedar Creek
7,130
500
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
804581
MANASSAS
0
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
804581
MANASSAS
0
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805007
STRASBURG
1,275
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805007
STRASBURG
969
300
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805181
New Market
563
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805181
New Market
428
300
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805268
Howell Metal Co.
279
50
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805268
Howell Metal Co.
212
50
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805439
NINEVEH
12,534
500
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
805439
NINEVEH
9,526
500
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
807000
MAIN LINE CUSTOMER
533
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
807000
MAIN LINE CUSTOMER
405
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
819683
WOODSTOCK
3,300
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
819683
WOODSTOCK
2,508
300
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
828715
WGL Mt Jackson
300
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
828715
WGL Mt Jackson
228
300
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
831526
ROCKVILLE HEATER F
0
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
831526
ROCKVILLE HEATER F
0
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
831527
ROCKVILLE HEATER F
0
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
831527
ROCKVILLE HEATER F
0
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
832737
Mt. View Rendering Co.
1,013
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
832737
Mt. View Rendering Co.
770
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
832797
MT. VIEW HTR FUEL RE
0
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
832797
MT. VIEW HTR FUEL RE
0
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
834217
ASPHALT
0
10/1 - 3/31
Appendix A to Service Agreement No.
100303
Revision No. 0
Under Rate Schedule
SST
Between (Transporter)
Columbia Gas Transmission, LLC
and (Shipper)
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Recurrence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity
(psig) 1/
(Dth/hour) 1/
Interval
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
834217
ASPHALT
0
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
834308
MIDDLEBURG
720
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
834308
MIDDLEBURG
547
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
835804
WGL. Linton Hall
5,400
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
835804
WGL. Linton Hall
4,104
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
835865
LAKE MANASSAS
1,080
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
835865
LAKE MANASSAS
821
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
836717
WGL-CHANTILLY
16,234
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
836717
WGL-CHANTILLY
12,338
300
4/1 - 9/30
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
890191
SHENANDOAH VALLLEY
36
300
10/1 - 3/31
April 1, 2016
March 31, 2018
78-30
WASHINGTON GAS - 30
890191
SHENANDOAH VALLLEY
27
300
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
802675
WGL Dranesville
67,652
300
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
802675
WGL Dranesville
54,798
300
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
802677
ROCKVLLE
244,293
300
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
802677
ROCKVLLE
197,877
300
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
803276
WGL Cedar Creek
6,255
500
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
803276
WGL Cedar Creek
5,066
500
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
804581
MANASSAS
0
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
804581
MAMASSAS
0
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
805007
STRASBURG
850
300
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
805007
STRASBURG
689
300
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
805181
New Market
375
300
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
8O5181
New Market
304
300
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
805268
Howell Metal Co.
186
50
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
805268
Howell Metal Co
151
50
4/1 - 9/30
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
805439
NINEVEH
8,356
500
10/1 - 3/31
April 1, 2018
March 31, 2020
78-30
WASHINGTON GAS - 30
805439
NINEVEH
6,768
500
4/1 - 9/30
100303
Revision No. 0
SST
Columbia Gas Transmission, LLC
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Recurrence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/hour) 1/
Interval
March 31, 2020
78-30
WASHINGTON GAS-30
807000
MAIN LINE CUSTOMER
355
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
807000
MAIN LINE CUSTOMER
288
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
819683
WOODSTOCK
2,200
300
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
819683
WOODSTOCK
1,782
300
4/1 - 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
828715
WGL Mt Jackson
200
300
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
828715
WGL Mt Jackson
162
300
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
831526
ROCKVILLE HEATER F
0
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
831526
ROCKVILLE HEATER F
0
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
831527
ROCKVILLE HEATER F
0
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
831527
ROCKVILLE HEATER F
0
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
832737
Mt. View Rendering Co
675
10/1 3/31
Marco 31, 2020
78-30
WASHINGTON GAS-30
832737
Mt. View Rendering Co
547
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
832797
MT. VIEW HTR FUEL RE
0
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
832797
MT. VIEW HTR FUEL RE
0
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
834217
ASPHALT
0
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
834217
ASPHALT
0
4/1 9/31
March 31, 2020
78-30
WASHINGTON GAS-30
834308
MIDDLEBURG
480
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
834308
MIDDLEBURG
389
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
835804
WGL Linton Hall
3,600
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
835804
WGL Linton Hall
2,916
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
835865
LAKE MANASSAS
720
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
835865
LAKE MANASSAS
583
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
836717
WGL-CHANTILLY
10,823
300
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
836717
WGL-CHANTILLY
8,766
300
4/1 9/30
March 31, 2020
78-30
WASHINGTON GAS-30
890191
SHENANDOAH VALLEY
24
300
10/1 3/31
March 31, 2020
78-30
WASHINGTON GAS-30
890191
SHENANDOAH VALLEY
19
300
4/1 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
802675
WGL Dranesville
33,826
300
10/1 3/31
100303
Revision No. 0
SST
Columbia Gas Transmission, LLC
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Recurrence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/hour) 1/
Interval
March 31, 2022
78-30
WASHINGTON GAS-30
802675
WGL Dranesville
29,767
300
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
802677
ROCKVILLE
122,146
300
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
802677
ROCKVILLE
107,489
300
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
803276
WGL Cedar Creek
3,127
500
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
803276
WGL Cedar Creek
2,752
500
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
804581
MANASSAS
0
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
804581
MANASSAS
0
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
805007
STRASBURG
425
300
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
805007
STRASBURG
374
300
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
805181
New Market
186
300
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
805181
New Market
165
300
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
805268
Howell Metal Co.
93
50
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
805268
Howell Metal Co.
82
50
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
805439
NINEVEH
4,178
500
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
805439
NINEVEH
3,677
500
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
807000
MAIN LINE CUSTOMER
178
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
807000
MAIN LINE CUSTOMER
156
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
819683
WOODSTOCK
1,100
300
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
819683
WOODSTOCK
968
300
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
828715
WGL Mt Jackson
100
300
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
828715
WGL Mt Jackson
88
300
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
831526
ROCKVILLE HEATER F
0
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
831526
ROCKVILLE HEATER F
0
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
831527
ROCKVILLE HEATER F
0
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
831527
ROCKVILLE HEATER F
0
4/1 - 9/30
March 31, 2022
78-30
WASHINGTON GAS-30
832737
Mt. View Rendering Co.
338
10/1 - 3/31
March 31, 2022
78-30
WASHINGTON GAS-30
832737
Mt. View Rendering Co.
297
4/1 - 9/30
100303
Revision No. 0
SST
Columbia Gas Transmission, LLC
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Reccurence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/Day) 1/
Interval
April 1, 2020
March 31 , 2022
78-30
WASHINGTON GAS-30
832797
MT. VIEW HTR FUEL RE
0
10/1-3/31
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
832797
MT. VIEW HTR FUEL RE
0
4/1-9/30
April 1, 2020
March 31,2022
78-30
WASHINGTON GAS-30
834217
ASPHALT
0
10/1-3/31
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
834217
ASPHALT
0
4/1-9/30
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
834308
MIDDLEBURG
240
10/1-3/31
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
834308
MIDDLEBURG
211
4/1-9/30
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
835804
WGL Linton Hall
1,800
10/1-3/31
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
835804
WGL Linton Hall
1,584
4/1-9/30
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
835865
LAKE MANASSAS
360
10/1-3/31
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
835865
LAKE MANASSAS
317
4/1-9/30
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
836717
WGL-CHANTILLY
5,411
300
10/1-3/31
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
836717
WGL-CHANTILLY
4,762
300
4/1-9/30
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
890191
SHENANDOAH VALLEY
12
300
10/1-3/31
April 1, 2020
March 31, 2022
78-30
WASHINGTON GAS-30
890191
SHENANDOAH VALLEY
11
300
4/1-9/30
November 1, 2008
March 31, 2009
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1-3/31
April 1, 2009
September 30, 2009
LOSTRI
Lost River
LOSTRI
Lost River
21,900
4/1-9/30
October 1, 2009
March 31, 2010
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1-3/31
April 1, 2010
September 30, 2010
LOSTRI
Lost River
LOSTRI
Lost River
21,900
4/1-9/30
October 1,2010
March 31, 2011
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1-3/31
April 1, 2011
September 30, 2011
LOSTRI
Lost River
LOSTRI
Lost River
21,900
4/1-9/30
October 1, 2011
March 31 , 2012
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1-3/31
April 1, 2012
September 30, 2012
LOSTRI
Lost River
LOSTRI
Lost River
21,900
4/1-9/30
October 1, 2012
March 31, 2013
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1-3/31
April 1, 2013
September 30, 2013
LOSTRI
Lost River
LOSTRI
Lost River
21,900
4/1-9/30
October 1, 2013
March 31, 2014
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1-3/31
April 1, 2014
September 30, 2014
LOSTRI
Lost River
LOSTRI
Lost River
21,900
4/1-9/30
October 1, 2014
March 31, 2015
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1-3/31
100303
Revision No. 0
SST
Columbia Gas Transmission, LLC
Washington Gas Light Company
Minimum
Maximum
Design
Delivery
Scheduling
Scheduling
Measuring
Measuring
Daily Delivery
Daily
Aggregate
Pressure
Hourly
Begin
End
Point
Point
Point
Point
Obligation
Quantity
Daily
Obligation
Flowrate
Recunence
Date
Date
No.
Name
No.
Name
(Dth/Day) 1/
(Dth/Day) 1/
Quantity 1/
(psig) 1/
(Dth/hour) 1/
Interval
April
1, 2015
September 30, 2015
LOSTRI
Lost River
LOSTRI
Lost River
21,900
4/1 9/30
October 1, 2015
March 31, 2016
LOSTRI
Lost River
LOSTRI
Lost River
30,000
10/1 3/31
April 1, 2016
September 30, 2016
LOSTRI
Lost River
LOSTRI
Lost River
17,100
4/1 9/30
October 1, 2016
March 31, 2017
LOSTRI
Lost River
LOSTRI
Lost River
22,500
10/1 3/31
April 1, 2017
September 30, 2017
LOSTRI
Lost River
LOSTRI
Lost River
17,100
4/1 9/30
October 1, 2017
March 31, 2018
LOSTRI
Lost River
LOSTRI
Lost River
22,500
10/1 3/31
April 1, 2018
September 30, 2018
LOSTRI
Lost River
LOSTRI
Lost River
12.150
4/1 9/30
October 1, 2018
March 31, 2019
LOSTRI
Lost River
LOSTRI
Lost River
15,000
10/1 3/31
April 1 , 2019
September 30, 2019
LOSTRI
Lost River
LOSTRI
Lost River
12,150
4/1 9/30
October 1, 2019
March 31, 2020
LOSTRI
Lost River
LOSTRI
Lost River
15,000
10/1 3/31
April 1, 2020
September 30, 2020
LOSTRI
Lost River
LOSTRI
Lost River
6,600
4/1 9/30
October 1, 2020
March 31, 2021
LOSTRI
Lost River
LOSTRI
Lost River
7,500
10/1 3/31
April 1, 2021
September 30, 2021
LOSTRI
Lost River
LOSTRI
Lost River
6,600
4/1 9/30
October 1, 2021
March 31, 2022
LOSTRI
Lost River
LOSTRI
Lost River
7,500
10/1 3/31
November 1, 2008
March 31, 2016
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
101,363
300
10/1 3/31
November 1, 2008
March 31, 2016
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
73,995
300
4/1 9/30
April 1, 2016
March 31, 2018
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
76,022
300
10/1 3/31
April 1, 2016
March 31, 2018
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
57,777
300
4/1 9/30
April 1,2018
March 31, 2020
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
50,682
300
10/1 3/31
April 1,2018
March 31, 2020
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
41,052
300
4/1 9/30
April 1, 2020
March 31, 2022
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
25,341
300
10/1 3/31
April 1, 2020
March 31, 2022
LOUDOUN
LOUDOUN LNG
837337
LOUDOUN
22,300
300
4/1 9/30
Appendix A to Service
Agreement No.
|
100303 | Revision No. 0 | ||||
|
||||||
Under Rate Schedule
|
SST | |||||
|
||||||
Between (Transporter)
|
Columbia Gas Transmission, LLC | |||||
|
||||||
and (Shipper)
|
Washington Gas Light Company |
Appendix A to Service Agreement No.
|
100303 | Revision No. 0 | ||||
|
||||||
Under Rate Schedule
|
SST | |||||
|
||||||
Between (Transporter)
|
Columbia Gas Transmission, LLC | |||||
|
||||||
and (Shipper)
|
Washington Gas Light Company |
Appendix A to Service Agreement No
|
100303 | Revision No. 0 | ||||
|
||||||
Under Rate Schedule
|
SST | |||||
|
||||||
Between (Transporter}
|
Columbia Gas Transmission, LLC | |||||
|
||||||
and (Shipper)
|
Washington Gas Light Company |
Appendix A to Service Agreement No.
|
100303 | Revision No. 0 | ||
|
||||
Under Rate Schedule
|
SST | |||
|
||||
Between (Transporter)
|
Columbia Gas Transmission, LLC | |||
|
||||
and (Shipper)
|
Washington Gas Light Company |
|
Washington Gas Light Company | Columbia Gas Transmission, LLC | ||||||||
|
||||||||||
By:
|
/s/ Terry D. McCallister
|
By: |
/s/ Mark S. Wilke
|
|||||||
Its:
|
Terry D. McCallister | Its: | Director, Commercial Services | |||||||
Date:
|
President & COO | Date: | 6-12-09 |
|
||
|
A NiSource Company | |
|
1700 MacCorkle Ave SE | |
Customer Services
|
PO Box 1273 | |
|
Charleston, WV 25325-1273 |
Appendix A to Service Agreement No,
|
79356 | Revision No. 8 | ||
|
||||
Under Rate Schedule
|
FTS-1 | |||
|
||||
Between (Transporter)
|
Columbia Gulf Transmission Company | |||
|
||||
and (Shipper)
|
Washington Gas Light Company |
Transportation Demand | ||||||||
Begin Date | End Date | Dth/day | Recurrence Interval | |||||
November 1, 2008
|
March 31 ,2016 | 281,258 | 1/1 - 12/31 | |||||
April 1, 2016
|
March 31,2018 | 210,944 | 1/1 - 12/31 | |||||
April 1, 2018
|
March 31, 2020 | 140,630 | 1/1 - 12/31 | |||||
April 1, 2020
|
March 31, 2022 | 70,316 | 1/1 - 12/31 |
Measuring | Measuring | Maximum | ||||||||||||
Begin | End | Point | Point | Daily Quantity | Recurrence | |||||||||
Date | Date | No. | Name | (Dth/Day) | Interval | |||||||||
November 1, 2008
|
March 31, 2016 | 2700010 | CGT-RAYNE | 281,258 | 1/1 - 12/31 | |||||||||
April 1, 2016
|
March 31, 2018 | 2700010 | CGT-RAYNE | 210,944 | 1/1 - 12/31 | |||||||||
April 1, 2018
|
March 31, 2020 | 2700010 | CGT-RAYNE | 140,630 | 1/1 - 12/31 | |||||||||
April 1, 2020
|
March 31, 2022 | 2700010 | CGT-RAYNE | 70,316 | 1/1 - 12/31 |
Measuring | Measuring | Maximum | ||||||||||||
Begin | End | Point | Point | Daily Quantity | Recurrence | |||||||||
Date | Date | No. | Name | (Dth/Day) | Interval | |||||||||
November 1, 2008
|
March 31, 2016 | 801 | GULF-LEACH | 281,258 | 1/1 - 12/31 | |||||||||
April 1, 2016
|
March 31, 2018 | 801 | GULF-LEACH | 210,944 | 1/1 - 12/31 | |||||||||
April 1, 2018
|
March 31, 2020 | 801 | GULF-LEACH | 140,630 | 1/1 - 12/31 | |||||||||
April 1, 2020
|
March 31, 2022 | 801 | GULF-LEACH | 70,316 | 1/1 - 12/31 |
Appendix A
to Service Agreement No.
|
79356 | Revision No. 8 | ||
|
||||
Under Rate Schedule
|
FTS-1 | |||
|
||||
Between (Transporter)
|
Columbia Gulf Transmission Company | |||
|
||||
and (Shipper)
|
Washington Gas Light Company |
|
Washington Gas Light Company | |||
|
||||
By:
|
/s/ Terry D. McCallister | |||
|
||||
Name:
|
Terry D. McCallister | |||
Title:
|
President & COO | |||
Date:
|
||||
|
||||
|
Columbia Gulf Transmission Company | |||
|
||||
By:
|
/s/ Mark S. Wilke | |||
|
||||
Name:
|
Mark S. Wilke | |||
Title:
|
Director, Commercial Services | |||
Date:
|
6-12-09 |
1. | I have reviewed this quarterly report on Form 10-Q of WGL Holdings, Inc.; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | ||
d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors: |
a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and | ||
b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
/s/ James H. DeGraffenreidt, Jr. | ||||
James H. DeGraffenreidt, Jr. | ||||
Chairman and Chief Executive Officer |
1. | I have reviewed this quarterly report on Form 10-Q of WGL Holdings, Inc.; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | ||
d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors: |
a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and | ||
b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
/s/ Vincent L. Ammann, Jr. | ||||
Vincent L. Ammann, Jr. | ||||
Vice President and Chief Financial Officer |
1. | I have reviewed this quarterly report on Form 10-Q of Washington Gas Light Company; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | ||
d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors: |
a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and | ||
b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
/s/ James H. DeGraffenreidt, Jr. | ||||
James H. DeGraffenreidt, Jr. | ||||
Chairman and Chief Executive Officer |
1. | I have reviewed this quarterly report on Form 10-Q of Washington Gas Light Company; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | ||
d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors: |
a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and | ||
b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
/s/ Vincent L. Ammann, Jr. | ||||
Vincent L. Ammann, Jr. | ||||
Vice President and Chief Financial Officer |
(1) | The Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and | ||
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Companies. |
/s/ James H. DeGraffenreidt, Jr. | ||||
James H. DeGraffenreidt, Jr. | ||||
Chairman and Chief Executive Officer | ||||
/s/ Vincent L. Ammann, Jr. | ||||
Vincent L. Ammann, Jr. | ||||
Vice President and Chief Financial Officer | ||||
Twelve Months Ended | ||||
($ in thousands) | June 30, 2009 | |||
FIXED CHARGES:
|
||||
Interest Expense
|
$ | 45,382 | ||
Amortization of Debt Premium, Discount and Expense
|
371 | |||
Interest Component of Rentals
|
1,609 | |||
Total Fixed Charges
|
$ | 47,362 | ||
EARNINGS:
|
||||
Net Income before Dividends on Preferred Stock
|
$ | 121,602 | ||
Add:
|
||||
Income Taxes
|
71,140 | |||
Total Fixed Charges
|
47,362 | |||
Total Earnings
|
$ | 240,104 | ||
Ratio of Earnings to Fixed Charges
|
5.1 | |||
Twelve Months Ended | ||||
($ in thousands) | June 30, 2009 | |||
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
|
||||
Preferred Stock Dividends
|
$ | 1,320 | ||
Effective Income Tax Rate
|
0.3691 | |||
Complement of Effective Income Tax Rate (1-Tax Rate)
|
0.6309 | |||
Pre-Tax Preferred Stock Dividends
|
$ | 2,092 | ||
FIXED CHARGES:
|
||||
Interest Expense
|
$ | 45,382 | ||
Amortization of Debt Premium, Discount and Expense
|
371 | |||
Interest Component of Rentals
|
1,609 | |||
Total Fixed Charges
|
47,362 | |||
Pre-Tax Preferred Stock Dividends
|
2,092 | |||
Total Fixed Charges and Preferred Stock Dividends
|
$ | 49,454 | ||
EARNINGS:
|
||||
Net Income before Dividends on Preferred Stock
|
$ | 121,602 | ||
Add:
|
||||
Income Taxes
|
71,140 | |||
Total Fixed Charges
|
47,362 | |||
Total Earnings
|
$ | 240,104 | ||
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
|
4.9 | |||
Twelve Months Ended | ||||
($ in thousands) | June 30, 2009 | |||
FIXED CHARGES:
|
||||
Interest Expense
|
$ | 44,602 | ||
Amortization of Debt Premium, Discount and Expense
|
350 | |||
Interest Component of Rentals
|
1,290 | |||
Total Fixed Charges
|
$ | 46,242 | ||
EARNINGS:
|
||||
Net Income before Dividends on Preferred Stock
|
$ | 126,932 | ||
Add:
|
||||
Income Taxes
|
72,328 | |||
Total Fixed Charges
|
46,242 | |||
Total Earnings
|
$ | 245,502 | ||
Ratio of Earnings to Fixed Charges
|
5.3 | |||
Twelve Months Ended | ||||
($ in thousands) | June 30, 2009 | |||
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS:
|
||||
Preferred Stock Dividends
|
$ | 1,320 | ||
Effective Income Tax Rate
|
0.3630 | |||
Complement of Effective Income Tax Rate (1-Tax Rate)
|
0.6370 | |||
Pre-Tax Preferred Stock Dividends
|
$ | 2,072 | ||
FIXED CHARGES:
|
||||
Interest Expense
|
$ | 44,602 | ||
Amortization of Debt Premium, Discount and Expense
|
350 | |||
Interest Component of Rentals
|
1,290 | |||
Total Fixed Charges
|
46,242 | |||
Pre-Tax Preferred Stock Dividends
|
2,072 | |||
Total Fixed Charges and Preferred Stock Dividends
|
$ | 48,314 | ||
EARNINGS:
|
||||
Net Income before Dividends on Preferred Stock
|
$ | 126,932 | ||
Add:
|
||||
Income Taxes
|
72,328 | |||
Total Fixed Charges
|
46,242 | |||
Total Earnings
|
$ | 245,502 | ||
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
|
5.1 | |||