WGL Holdings / WGL

About WGL Holdings

101 Constitution Ave. NW, Washington, D.C. 20080
www.wglholdings.com | 703-750-1000 | Founded: 1848

Industry: Energy | Category: Public Companies

Washington Gas embarked on a $144 million project last year to repair thousands of leaks in underground natural gas lines in Prince George's County. The problem, affecting a 100-square-mile area, was detected after a District Heights house exploded in late March. Residents had complained of gas odors before the blast.
The utility concluded that imported liquefied natural gas it began using in 2003 was drying seals on couplings that link sections of pipe, causing leaks. The project is scheduled to be completed in late 2007.
During the past year, Washington Gas's customer base continued to increase, reaching 1,012,105 at the end of fiscal year 2005, up from 990,062 a year earlier, according to the utility.

Chairman and CEO: James H. DeGraffenreidt Jr.

President and COO: Terry D. McCallister

2005 Financial Data

Revenues: $2,186,302,000 | Net Income: $103,493,000
Asssets: $2,600,600,000 | Earnings Per Share: $2.11
Stockholder Equity: $893,992,000 | Annual Dividend: $1.32
Total employees: 1,868 | Local employees: 1,868