Maryland Commission Upholds Washington Gas Appeal; WGL Holdings Increases Reported Earnings for First Quarter Fiscal Year 2009February 09, 2009
- 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.
Eric Grant, 202-624-6091
Robert Dennis, 202-624-6129