UNITED 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): March 18, 2015
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 | |||
1-16163 | WGL Holdings, Inc. 101 Constitution Ave., N.W. Washington, D.C. 20080 (703) 750-2000 |
Virginia | 52-2210912 | |||
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 7.01 REGULATION FD DISCLOSURE
During a presentation to financial analysts today at the New York Stock Exchange, executives of WGL Holdings, Inc. (WGL) will outline strategic and operating plans which support WGLs growth in non-GAAP operating earnings per share of 7% to 10% for the fiscal years 2014 through 2019. A copy of WGLs news release disclosing the plans and other metrics 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 March 18, 2015
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this Report to be signed on their behalf by the undersigned hereunto duly authorized.
WGL Holdings, Inc. | ||||
and | ||||
Washington Gas Light Company | ||||
(Registrants) | ||||
Date: March 18, 2015 |
/s/ William R. Ford | |||
William R. Ford | ||||
Vice President and Chief Accounting Officer | ||||
(Principal Accounting Officer) |
News Media: Ruben Rodriguez 202-624-6620 | ||
Financial Community: Douglas Bonawitz 202-624-6129 |
For Immediate Release
March 18, 2015
WGL Holdings Announces Five-Year Financial Objectives;
Targets 7%-10% Average Annual Operating Earnings Growth
WASHINGTON, D.C. During a presentation to financial analysts today at the New York Stock Exchange, executives of WGL Holdings, Inc. (NYSE:WGL) will outline strategic and operating plans which support the companys growth in non-GAAP earnings per share of 7% to 10% for the fiscal years 2014 through 2019. This growth will be balanced across the companys business segments and driven by energy infrastructure investments that will generate predictable revenue streams. Key drivers of the growth over the five year period include:
| Revenue increases in the regulated utility, driven by customer growth increasing by 1.1% to 2.4%; |
| Regulatory programs in all of its jurisdictions to accelerate pipe replacement spending up to $580 million; |
| Investment of approximately $720 million for three midstream pipeline projects, including the recently announced Mountain Valley pipeline project; |
| Investments of $550 million in clean, distributed generation projects. |
Successful execution of these plans will deliver top tier financial performance and meaningful value to the companys customers, communities, employees and shareholders.
The meeting will begin at 9 a.m., EDT, and will be webcast on the companys 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 wglholdings.com through April 18.
About WGL:
WGL (NYSE-WGL), headquartered in Washington, D.C., is a leading source for clean, efficient and diverse energy solutions. With activities in 32 states and the District of Columbia, WGL consists of Washington Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL Energy delivers a full ecosystem of energy offerings including natural gas, electricity, green power, carbon reduction, distributed generation and energy efficiency provided by WGL Energy Services, Inc. (formerly Washington Gas Energy Services, Inc.), WGL Energy Systems, Inc. (formerly Washington Gas Energy Systems, Inc.) and WGSW, Inc. 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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