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WGL Holdings Announces Five-Year Financial Objectives; Targets 7 Percent Annual Operating Earnings Growth

WASHINGTON--(BUSINESS WIRE)-- At a financial analyst meeting today, executives of WGL Holdings, Inc. (NYSE:WGL) will announce the company's plans to achieve the following five-year financial objectives for the company's fiscal years 2012 through 2016:

1. Grow non-GAAP earnings per share by 7 percent per year through 2016;

2. Maintain a strong balance sheet and top-tier credit ratings for all stakeholders; and

3. Deliver sustainable dividend growth of 3 to 4 percent per year.

The company's business plans are focused on executing its vision statement which includes generating stable revenue growth, investing in infrastructure, pursuing operational excellence, and growing its non-regulated businesses. The following specific items for continued success will be discussed during the meeting:

The meeting will begin at 9 a.m. and will be webcast on the company's homepage, wglholdings.com. To hear the live webcast, click on the "Webcast" link located on the home page of the referenced site. Presentation slides will also be posted to the website. The webcast and related slides will be archived on the WGL Holdings, Inc., website through March 16.

Headquartered in Washington, D.C., WGL Holdings, Inc. has four operating segments: (i) the regulated utility segment, which primarily consists of Washington Gas, a natural gas utility that serves over one million customers throughout metropolitan Washington, D.C., and the surrounding region; (ii) the retail energy-marketing segment which consists of Washington Gas Energy Services, Inc., a third-party marketer that competitively sells natural gas and electricity; (iii) the commercial energy systems segment, which consists of Washington Gas Energy Systems, Inc., a provider of energy efficiency solutions to government and commercial clients and (iv) the wholesale energy solutions segment, which consists of Capitol Energy Ventures Corporation, a non-utility asset optimization business.

Additional information about WGL Holdings, Inc. is available on its website, wglholdings.com. Go to washingtongas.com for more information about Washington Gas Light Company.

Forward-Looking Statements

This news release and other statements by us include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the outlook for earnings, revenues and other future financial business performance or strategies and expectations. Forward-looking statements are typically identified by words such as, but not limited to, "estimates," "expects," "anticipates," "intends," "believes," "plans," and similar expressions, or future or conditional verbs such as "will," "should," "would," and "could." Although we believe such forward-looking statements are based on reasonable assumptions, we cannot give assurance that every objective will be achieved. Forward-looking statements speak only as of today, and we assume no duty to update them. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, general economic conditions and the factors discussed under the "Risk Factors" heading in our most recent annual report on Form 10-K and other documents we have filed with, or furnished to, the U.S. Securities and Exchange Commission.

WGL Holdings, Inc.
News Media
Ruben Rodriguez, 202-624-6620
or
Financial Community
Douglas Bonawitz, 202-624-6129

Source: WGL Holdings, Inc.

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