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Washington Gas Community Meeting Will Share
Company’s Climate Business Plan
Virtual meeting will discuss strategies to help the District meet its Carbon Reduction Targets
WASHINGTON, D.C. (July 21, 2020) – Washington Gas will host a community meeting, virtually, to share its Climate Business Plan filed with the District of Columbia Public Service Commission (DC PSC) earlier this year. The Plan aims to serve as an innovative roadmap that helps to pave the way to 100 percent carbon neutrality in the District by 2050.
The community meeting will be conducted online via WebEx (due to COVID-19 pandemic) – Wednesday, July 29, from 5 p.m. – 6:30 p.m. – to provide an overview and share insights into specifics of the Plan and its role in helping the District meet its carbon reduction targets. There will also be time for questions and answers. The company encourages interested community members to attend and participate in the meeting to help to responsibly define the future of energy in the District. Community members can register to attend the meeting here.
The cost-effective, innovative Plan focuses on a practical three-pronged approach that reduces greenhouse gas (GHG) emissions associated with the use of natural gas in alignment with the District’s goal of achieving a 50 percent GHG reduction by 2032, and 100 percent carbon neutrality by 2050. The Plan costs an estimated $2.7 billion less than alternative approaches that rely solely on electrification, while at the same time enhancing reliability and diversifying the energy mix.
“Washington Gas stands poised to join the District’s leadership, community and stakeholders to implement an effective approach to continue to lower GHG emissions as we provide reliable, safe and more affordable energy that District residents, businesses, government agencies and organizations depend on every day,” said Blue Jenkins, President of Washington Gas. “By incorporating the latest science and engineering to define the most cost-effective pathway to carbon neutrality, we have presented the District with a solid and realistic framework on how we can be part of the solution that further distinguishes the city as a leader in tackling climate change.”
Natural gas has played an important role in the reduction of carbon emissions in the District of Columbia —and our Climate Business Plan builds on this legacy to bring us to carbon neutral future.
While the plan fulfills a commitment made with the DC PSC during proceedings to approve the acquisition of Washington Gas by its parent company AltaGas in July 2018, it is a continuation of both companies’ legacy of leadership and innovation in supporting carbon reduction and collective determination to address climate change.
Based on decades of established Washington Gas clean energy expertise, as well as in-depth analytics and scenario modeling by the international consulting firm ICF, the Plan contains three core pillars:
Maximizing Energy Efficiency -- Washington Gas will supplement existing energy efficiency efforts while continuing to work with customers to improve habits and deploy new technologies, like super-efficient appliances.
Infrastructure Enhancements -- Washington Gas will continue investing in more efficient infrastructure and expand its capability to meet the needs of a growing city, as addressed in the Transmission and Distribution portion of the Plan. Through programs like PROJECTpipes, the company continues to modernize its infrastructure, helping to maintain safe and reliable infrastructure with the potential to deliver low-carbon and carbon-free fuels.
Harnessing New and Emerging Fuel Sources – Washington Gas proposes to leverage its existing vast and reliable infrastructure to source and deliver renewable and low carbon fuels in addition to natural gas to reduce GHG emissions. These include promising sources like renewable natural gas (RNG), certified natural gas (CNG) and green hydrogen.
“Our Climate Business Plan builds on our existing greenhouse gas 2025 reduction targets for our operations and infrastructure. Washington Gas exceeded the emissions reduction targets it had set for 2020,” said John O’Brien, Executive Vice President Strategy & Public Affairs. “We are looking forward to sharing the details about the plan and how it was developed with the community as well as answering questions about it.”
Jenkins added: “As you will see, our Climate Business Plan reflects the innovation it will take for us to serve as the preferred energy partner for tomorrow to assist the District in attaining its 2050 climate goals. To achieve those ambitious goals, we need to work together and embrace a variety of fuel options. We commit to bringing transparency to what we deliver and how we deliver it, every step of the way.”
Washington Gas plans to hold public community meetings twice a year as part of an open dialogue with the community about the Plan. To review the complete document and watch an informational video about the Plan, visit www.WashingtonGasDCClimateBusinessPlan.com. Again, the registration for the community meeting can be accessed here.
AltaGas is a leading North American energy infrastructure company that connects NGLs and natural gas to domestic and global markets. AltaGas creates value by growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca.
About Washington Gas
Washington Gas, a wholly owned subsidiary of AltaGas Ltd [TSX:ALA], is a regulated natural gas utility that provides safe, reliable natural gas service to more than 1.2 million customers in the District of Columbia, Maryland and Virginia. The company has been providing energy to residential, commercial and industrial customers for more than 171 years. Visit us at www.washingtongas.com and follow us on Twitter @washingtongas, LinkedIn and Facebook.
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than historical information or statements of current condition and relate to future events or the future financial performance of Washington Gas. When used in this news release, the words “will”, “estimated”, “poised”, “proposed”, “targets” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the Climate Business Plan, its cost, reduction of greenhouse gas (GHG) emissions, reliability of services, maximization of energy efficiency, infrastructure enhancements, new sources of energy and achievement of the District’s 2050 climate goals. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect Washington Gas’ current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, increased costs, emerging technology, scientific research, regulatory guidelines, governmental or regulatory developments and other factors set out in documents that Washington Gas files from time to time with the Securities Exchange Commission. Many factors could cause actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements should not be unduly relied upon. Such statements speak only as of the date of this news release. Washington Gas does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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