reports
Moody's withdraws ratings of Washington Gas Light for business reasons
Moody's Investors Service (Moody's) has withdrawn its ratings for Washington Gas Light Company, including the A3 senior unsecured rating and P-2 short term rating for commercial paper. Prior to the withdrawal the outlook was stable. A full list of affected ratings is provided at the end of this p...
Moody's announces completion of a periodic review of ratings of Washin...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Washington Gas Light Company. Global Credit Research- 30 Sep 2021. New York, September 30, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Washington Gas Light Company and other ratings that are associated with the same analytical unit.
Moody's announces completion of a periodic review of ratings of WGL Ho...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of WGL Holdings, Inc.. Global Credit Research- 07 Oct 2020. New York, October 07, 2020-- Moody's Investors Service has completed a periodic review of the ratings of WGL Holdings, Inc. and other ratings that are associated with the same analytical unit.
Moody's announces completion of a periodic review of ratings of WGL Ho...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of WGL Holdings, Inc.. Global Credit Research- 05 Nov 2019. New York, November 05, 2019-- Moody's Investors Service has completed a periodic review of the ratings of WGL Holdings, Inc. and other ratings that are associated with the same analytical unit.
Moody's downgrades WGL Holdings to Baa1 and Washington Gas Light to A2...
Moody's Investors Service, ("Moody's") downgraded the long-term ratings of WGL Holdings, Inc. (WGL, senior unsecured to Baa1 from A3) and its subsidiary Washington Gas Light Company (Washington Gas, senior unsecured to A2 from A1). WGL's P-2 commercial paper rating and Washington Gas' ...
- Travis Miller
AltaGas closes its cash acquisition of WGL Holdings.
Canadian utility AltaGas has closed its $6.4 billion acquisition of WGL, including debt, at the initial $88.25 per share cash offer, in line with our fair value estimate. The companies announced they had accepted the terms that Washington, D.C., regulators put forth in their order accepting the companies' settlement agreement last week. The merger approval process took more than a year and a half since AltaGas made its offer in January 2017. We give management credit for securing merger approva...
- Travis Miller
AltaGas Acquisition Closes as WGL Agrees to Washington Regulators' Ter...
Canadian utility AltaGas has closed its $6.4 billion acquisition of WGL, including debt, at the initial $88.25 per share cash offer, in line with our fair value estimate. The companies announced they had accepted the terms that Washington, D.C., regulators put forth in their order accepting the companies' settlement agreement last week. The merger approval process took more than a year and a half since AltaGas made its offer in January 2017. We give management credit for securing merger approva...
- Travis Miller
Washington, D.C., regulators only hurdle remaining for WGL-AltaGas dea...
We are reaffirming our $88 fair value estimate and our narrow moat and stable moat trend ratings for WGL Holdings after the company reported earning $2.12 per share from ongoing operations in its second fiscal quarter of 2018. Our fair value estimate remains a function of the $88.25 per share cash purchase offer that AltaGas made in January 2017. WGL management said that it expects to close the AltaGas merger by the end of the second quarter, in line with our estimate. Approval from Washington,...
- Travis Miller
AltaGas Acquisition on Its Way to Closing If Washington Regulators Sig...
We are reaffirming our $88 fair value estimate and our narrow moat and stable moat trend ratings for WGL Holdings after the company reported earning $2.12 per share from ongoing operations in its second fiscal quarter of 2018. Our fair value estimate remains a function of the $88.25 per share cash purchase offer that AltaGas made in January 2017. WGL management said that it expects to close the AltaGas merger by the end of the second quarter, in line with our estimate. Approval from Washington,...
WGL Holdings, Inc. Reports Second Quarter Fiscal Year 2018 Financial R...
WASHINGTON--(BUSINESS WIRE)-- WGL Holdings, Inc. (NYSE: WGL): Consolidated Results WGL Holdings, Inc. (NYSE: WGL), the parent company of Washington Gas Light Company (Washington Gas) and other energy-related subsidiaries, today reported net income applicable to common stock determined in accordance with generally accepted accounting principles in the United States of America (GAAP) for the quarter ended March 31, 2018, of $135.6 million, or $2.63 per share, an improvement of $12.5 million, or $0.24 per share, ...
Washington Gas Earns Top Utility Environmental Champion Ranking in U.S...
WASHINGTON--(BUSINESS WIRE)-- Washington Gas Light Company, a WGL Holdings, Inc. (NYSE: WGL) company, has been named a Top Utility Environmental Champion of 2018, according to a new Cogent Reports survey of utility customers nationwide conducted by Market Strategies International. The results designate the top 43 utilities throughout the country that have shown dedication to environmental stewardship and are published in a report called Utility Trusted Brand & Customer Engagement™: Residential. Washington Gas was recognized b...
WGL Energy Joins Mayor Bowser in Celebrating Completion of 11.8 MW Sol...
WASHINGTON--(BUSINESS WIRE)-- WGL Energy Systems, Inc. (WGL Energy), a WGL company (NYSE: WGL), joined Washington, D.C. Mayor Muriel Bowser and project partners today to commemorate the completion of a 11.8 megawatt (MW) solar system for Washington D.C.’s Department of General Services (DC DGS). The expansive portfolio of onsite solar projects, which includes electric capacity installed across 40 properties owned and operated by WGL Energy, supplies power to several schools, hospitals, recreation centers and more, including the Police...
- Travis Miller
AltaGas acquisition just waiting on Washington, D.C. regulators.
We are reaffirming our $88 fair value estimate and narrow moat and stable moat trend ratings for WGL Holdings after the company reported earning $1.84 per share from ongoing operations in its first fiscal quarter of 2018. Our fair value estimate remains a function of the $88.25 per share cash purchase offer that AltaGas made in January 2017. Earnings in the quarter were up from $1.15 per share in the first quarter of fiscal 2017, but we don't expect that type of growth to persist. WGL's core uti...
Maryland Public Service Commission Approves $4.5 Billion Merger of WGL...
WASHINGTON--(BUSINESS WIRE)-- The Maryland Public Service Commission announced its approval Wednesday of the combination of WGL Holdings, Inc. (NYSE:WGL) with AltaGas Ltd. (TSX:ALA). The $4.5 billion merger brings together two complementary energy companies committed to delivering more value for customers in Maryland and promises more investment in energy infrastructure and clean energy across the state. “We are confident that our combination with AltaGas will benefit residents, businesses and the economy of Maryland. We appr...
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