Volume 15, Issue 54 | March 5, 2018

WGL Energy to Discuss Distributed Impact at CampusEnergy2018

Integrating District Energy into the Redevelopment of the Walter Reed Campus


WGL Energy (WGL Energy Services and WGL Energy Systems) representatives will attend the International Direct Energy Association's (IDEA's) CampusEnergy2018 conference from March 5-9, 2018 in Baltimore, Maryland. The conference brings together industry leaders to explore emerging technologies, share solutions and advance a new energy paradigm for campus energy systems.

WGL Energy is a Corporate Silver Sponsor and a Greening Sponsor of this year’s conference. As a Greening Sponsor, WGL Energy Services will donate carbon offsets to counterbalance the greenhouse gas emissions incurred from this event (such as energy use, hotel stays, food and other waste) — equivalent to avoiding greenhouse gas emissions from twelve cars for one year.

On Wednesday, March 7, 2018, Charles (Chuck) Miller, Distributed Generation Asset Development Manager, WGL Energy Systems, will discuss WGL Energy’s role in Integrating District Energy into the Redevelopment of the Walter Reed Campus. Chuck will share his insights about the unique challenges and solutions he discovered while working on the Walter Reed campus project.


Be sure to attend the Integrating District Energy into the Redevelopment of the Walter Reed Campus session at CampusEnergy2018 on Wednesday, March 7, 2018, at 10:30 am in Holiday 1-3.

Editor's Note

Back to Normal

Weekly review for February 25 - March 3, 2018


On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, February 23, 2018 was 1,682 BCF. This is a decrease of 78 BCF from the previous week. Inventories are currently 680 BCF lower than last year at this time and 372 BCF below the 5-year average of 2,054 BCF.

Current forecasts are predicting that temperatures will return to normal for the next several weeks and with the winter weather risk nearly in the rear view mirror, prices and volatility have stagnated this week. It seems the only real catalysts that could cause either to vacillate are either an unpredictable weather pattern shift late in the season or possible congestion due to outages.

Forward markets moved up slightly this week as the PJM West Hub 12-Month curve increased 0.47% and the NYMEX natural gas 12-month curve gained 1.5%.


This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.

Investor Relations

WGL Holdings, Inc. Raises Annual Dividend $0.02 Per Share to $2.06

Represents the 42nd Consecutive Annual Increase in Common Stock Dividend

The Board of Directors of WGL Holdings, Inc. (NYSE:WGL), the parent company of Washington Gas Light Company (Washington Gas), on February 22, 2018, voted to increase the annualized dividend on its common stock by 2-cents to $2.06 per share from $2.04 per share. The Board of Directors also declared a regular quarterly dividend of $0.515 per share of common stock. The quarterly dividend is payable May 1, 2018, to shareholders of record on April 10, 2018.

With this dividend increase, Washington Gas now has raised the cash dividend on its common stock for 42 consecutive years. The company has one of the longest dividend payment records on the New York Stock Exchange, with 167 years of dividend payments to shareholders.

Dividends on the utility's preferred stock also are payable May 1, 2018, to shareholders of record as of April 10, 2018.

Class of Serial

Preferred Stock        Dividend Per Share

$ 4.25 Series            $ 1.0625

$ 4.80 Series            $ 1.20

$ 5.00 Series            $ 1.25

About WGL
WGL (NYSE: WGL), headquartered in Washington, D.C., is a leading source for clean, efficient and diverse energy solutions. With activities and assets across the U.S., WGL consists of Washington Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency. Our calling as a company is to make energy surprisingly easy for our employees, our community and all our customers. Whether you are a homeowner or renter, small business or multinational corporation, state and local or federal agency, WGL is here to provide Energy Answers. Ask Us. For more information, visit us at www.wgl.com.

Forward-Looking Statements
This news release and other statements by us include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the amount of, and future payment of, dividends, the outlook for earnings, revenues and other future financial business performance or strategies and expectations. Forward-looking statements are typically identified by words such as, but not limited to, “estimates,” “expects,” “anticipates,” “intends,” “believes,” “plans,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would,” and “could.” Although we believe such forward-looking statements are based on reasonable assumptions, we cannot give assurance that every objective will be achieved. Forward-looking statements speak only as of today, and we assume no duty to update them. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, general economic conditions and the factors discussed under the “Risk Factors” heading in our most recent annual report on Form 10-K and other documents that we have filed with, or furnished to, the U.S. Securities and Exchange Commission.

View source version on wglholdings.com: http://wglholdings.com/releasedetail.cfm?ReleaseID=1059295


Local Heating Degree Days*




Heating Degrees Day** 


Nov - 17

Dec - 17

Jan - 18

Feb - 18

Mar - 18

Apr - 18











 Departure from Normal









**Heating degree days are calculated by comparing the day’s average temperature to a 65 degree baseline. If the day’s average temperature is above 65, there are no heating degree days that day. If the day's average temperature is less than 65 degrees, subtract the average temperature from 65 to find the number of heating degree days for that day.