Maryland Commission Upholds Washington Gas Appeal; WGL Holdings Increases Reported Earnings for First Quarter Fiscal Year 2009

February 09, 2009

Dateline City:

WASHINGTON

On February 5, 2009, the Maryland Public Service Commission Issued an Order Reversing a Hearing Examiner’s Proposed Order which had Disallowed Recovery of Certain Purchased Gas Costs in 2006
WGL Holdings Increases Previously Reported GAAP Guidance for Fiscal Year 2009 and Reports Higher Earnings for the First Quarter Fiscal Year 2009

WASHINGTON--(BUSINESS WIRE)--WGL Holdings, Inc. (NYSE: WGL), the parent company of Washington Gas Light Company (Washington Gas) and other energy-related subsidiaries, today reported revised first quarter of fiscal year 2009 net income determined in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP) of $54.6 million, or $1.09 per share. This is $2.8 million, or $0.06 per share, higher than the GAAP net income of $51.8 million, or $1.03 per share that the company announced on February 4, 2009.

Language:

English

Contact:

News Media
Eric Grant, 202-624-6091
or
Financial Community
Robert Dennis, 202-624-6129

Ticker Slug:

Ticker:

WGL

Exchange:

NYSE