Analyst Coverage

Firm Analyst
BofA Merrill Lynch   Gabe Moreen
Barclays Capital   Jim Harmon
Brean Murray, Carret & Co.   Michael Gaugler
Capstone Investments   Joanne Fairechio
Edward Jones   Paul Franzen
Goldman Sachs   Ted Durbin
Hilliard Lyons   James Lykins
UBS Securities   Ronald Barone
U.S. Capital Advisors   Daniel Fidell

WGL Holdings, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding WGL Holdings, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of WGL Holdings, Inc. or its management. WGL Holdings, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.