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WGL Holdings – Business Description

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WGL Holdings is the parent company of Washington Gas Light, a natural gas utility that serves customers in Washington District of Columbia, Maryland and Virginia. It also owns energy marketing, heating, and air conditioning and ventilation businesses. The company has four main operating subsidiary companies: Washington Gas Light Company, Hampshire Gas Company, Washington Gas Resources and Crab Run Gas Company.

WGL Holdings operates in three segments: regulated utility; retail energy-marketing; and commercial heating, ventilating and air conditioning (HVAC) products and services.

Washington Gas Resources owns most of WGL Holdings’ unregulated subsidiaries.The subsidiaries of Washington Gas Resources include Washington Gas Energy Services, Washington Gas Energy Systems, and Washington Gas Credit Corporation. WGEServices is engaged in the sale of natural gas and electricity to retail customers. WGESystems is a provider of commercial energy services. Credit Corporation offers financing to customers to purchase gas appliances and other energy-related equipment. This business no longer offers new loans, but continues to service its existing loan portfolio. Crab Run is an exploration and production company whose assets are managed by an Oklahoma-based limited partnership, in which it is a limited partner.

The regulated utility segment consists of Washington Gas and Hampshire.Washington Gas delivers natural gas to retail customers. Washington Gas also sells natural gas to customers who have not elected to purchase natural gas from unregulated third-party marketers. Hampshire operates an underground natural gas storage facility that provides services to Washington Gas.

The retail energy-marketing segment includes the operations of WGEServices. WGEServices sells natural gas and electricity directly to residential, commercial and industrial customers.WGEServices purchases natural gas and electricity for resale and does not own or operate any natural gas or electric generation, production, transmission or distribution assets. Washington Gas delivers most of the natural gas sold by WGEServices. Unaffiliated electric utilities deliver all of the electricity sold by WGEServices.

The commercial heating ventilating and air conditioning (HVAC) segment includes the operations of WGESystems, which manages design-build and renovation projects, and provides maintenance services to the commercial and government markets. WGESystems provides commercial energy services, including the design, construction and renovation of mechanical HVAC systems, electrical distribution systems, control and security systems, energy conservation measures and alternative energy technologies. WGESystems focuses on retrofitting the mechanical, electrical and energy-related systems of a number of aging commercial and government structures, primarily in the District of Columbia, and portions of Maryland and Virginia.