Form 8-K WASHINGTON GAS LIGHT CO For: Jun 30
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2016
Commission File Number | Exact name of registrant as specified in its charter and principal office address and telephone number | State of Incorporation | I.R.S. Employer Identification No. | |||
0-49807 | Washington Gas Light Company 101 Constitution Ave., N.W. Washington, D.C. 20080 (703) 750-4440 | District of Columbia and Virginia | 53-0162882 | |||
Former name or former address, if changed since last report: None
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On June 30, 2016, Washington Gas Light Company (Washington Gas), a wholly owned subsidiary of WGL Holdings, Inc. (WGL), filed an application with the Commonwealth of Virginia State Corporation Commission (SCC of VA) to increase its base rates for natural gas service by an additional $45.6 million in annual revenue. The proposed revenue increase includes $22.3 million associated with natural gas pipeline replacement initiatives previously approved by the SCC of VA and paid by customers through a monthly rider.
The filing addresses provisions designed to deliver the benefits of natural gas to more customers that include: (i) facilitating conversion to natural gas in locations already served by Washington Gas; (ii) expanding the natural gas system to high-growth communities in Virginia and (iii) driving innovation through research and development to enhance service for our customers.
Washington Gas anticipates that the new rates will become effective in December 2016, subject to refund.
A copy of the news release announcing the filing is attached as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
The following exhibit is furnished herewith:
99.1 News Release issued June 30, 2016
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Washington Gas Light Company | ||||
(Registrant) | ||||
Date: July 6, 2016 | /s/ William R. Ford | |||
William R. Ford | ||||
Vice President & Chief Accounting Officer | ||||
(Principal Accounting Officer) | ||||
Exhibit 99.1
 | News Media: Jim Monroe 202-624-6620 | |
Financial Community: Douglas Bonawitz 202-624-6129 | ||
Washington Gas Requests Virginia Rate Increase to Support Safety and Other Service Enhancements
WASHINGTON, D.C. (June 30, 2016) -- Washington Gas, a WGL company (NYSE: WGL), today filed an application with the Commonwealth of Virginia's State Corporation Commission (SCC) to increase its base rates for natural gas service, generating $45.6 million in additional annual revenue. The revenue increase includes $22.3 million associated with natural gas pipeline replacement initiatives previously approved by the Commission and paid by customers through a monthly rider.
The filing addresses rate relief necessary for Washington Gas to recover its costs and earn its allowed rate of return. The typical residential heating customer would see an approximate net 4.6 percent gas bill increase or, on average, about $3.08 per month.
In addition to programs to upgrade the Washington Gas distribution system and enhance safety, the proposed rate increase includes provisions designed to deliver the benefits of natural gas - including lower energy costs, economic growth and reduced carbon emissions - to more customers. These include proposals to:
• | facilitate conversion to natural gas in locations already served by Washington Gas; |
• | expand the natural gas system to high-growth communities in Virginia; and |
• | drive innovation through research and development to enhance service for customers |
"We are committed to the safe and reliable delivery of natural gas to our customers in Virginia and throughout the Washington, D.C. metropolitan area," said Adrian Chapman, president and chief operating officer of Washington Gas and WGL Holdings, Inc. "Our proposal to the Commission reflects this commitment and includes a number of provisions to expand the benefits of natural gas to more Virginians while enhancing service delivery."
The company anticipates that the new rates will become effective in the December 2016 billing cycle. Washington Gas' last Virginia SCC-approved rate increase was effective in October 2011. Approximately 512,000 of the company's 1.1 million customers reside in Virginia.
About Washington Gas
Washington Gas Light Company is a regulated natural gas utility providing safe, reliable natural gas service to more than 1.1 million customers in the District of Columbia, Maryland and Virginia. A subsidiary of WGL Holdings, Inc., the company has been providing energy to residential, commercial and industrial customers for more than 167 years.
About WGL
 Follow us @wglanswers on Twitter or WGL on Linkedin | washingtongas.com |
WGL (NYSE: WGL), headquartered in Washington, D.C., is a leading source for clean, efficient and diverse energy solutions. With activities and assets across the U.S., WGL consists of Washington Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides options for natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency. Our calling as a company is to make energy surprisingly easy for our employees, our community and all our customers. Whether you are a homeowner or renter, small business or multinational corporation, state and local or federal agency, WGL is here to provide Energy Answers. Ask Us. For more information, visit us at www.wgl.com.
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