Washington Gas Requests Rate Increase in Virginia to Address Service Costs
Washington Gas Light Co. today filed an application with the Virginia
State Corporation Commission (SCC) to increase its rates and charges.
"The current rates no longer accurately reflect our costs of providing
service in Virginia," said Washington Gas Chairman and Chief Executive
Officer Terry D. McCallister. "This rate increase will alleviate the
difference between the amount of revenue the company receives from its
customers and what it costs the company to do business in the
Washington Gas, a provider of natural gas delivery services and retail
sales to Virginia customers, is a regulated utility. Its rates and
charges must be approved by the Virginia SCC.
Since its last rate increase four years ago, Washington Gas has seen its
business costs rise substantially for several reasons: continued
investments in infrastructure, general inflation, rising labor and
employee benefits costs, and additional compliance and safety-related
The proposed rates and charges will increase Washington Gas' overall
annual Virginia revenues by $29.6 million, an increase of 6.0 percent.
The typical residential heating customer would see an increase of about
5.9 percent in his or her gas bill, or an average of about $4.42 per
Washington Gas proposes the new rates be implemented in October 2011.
About 486,000 of the company's 1.1 million customers live in Virginia.
Headquartered in Washington, D.C., Washington Gas is a wholly-owned
subsidiary of WGL Holdings, Inc. (NYSE: WGL). The parent company holds a
group of energy-related retail businesses that focus primarily on retail
energy-marketing and commercial heating, ventilating and air
Additional information about WGL Holdings is available on its
Go to washingtongas.com
for more information about Washington Gas.
Doug Bonawitz, 202-624-6129
Source: Washington Gas
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