WGL Announces $89 Million Investment in Stonewall Gathering SystemFebruary 29, 2016
WASHINGTON--(BUSINESS WIRE)--WGL Midstream, a WGL Holdings, Inc. (NYSE:WGL) company, today announced it has exercised an option for an $89 million equity investment in the Stonewall Gas Gathering System, representing a 35 percent ownership stake. The system initiated operations in November 2015 and is currently gathering one billion cubic feet of natural gas daily from the Marcellus production region in West Virginia and delivering it to an interstate pipeline system to meet growing demand from markets in the mid-Atlantic region.
Bernie Tylor, 202-624-6778
Douglas Bonawitz, 202-624-6129