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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

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