Nature of Operations. Washington Gas Light Company (Washington Gas or the company) is a public utility that delivers and sells natural gas to over 875,000 customers in Washington, D.C. and parts of Maryland and Virginia. Deliveries to firm customers accounted for 68.7 percent of the company’s total therm deliveries in fiscal year 2000. The company does not depend on one customer or group of customers. During the fiscal year ended September 30, 2000, the company had a regulated distribution company, Shenandoah Gas Company (Shenandoah) that served the northern Shenandoah Valley in Virginia. Effective April 1, 2000, that subsidiary’s operations were merged into Washington Gas and the company continues to serve the former subsidiary’s customers. The company also had one wholly owned regulated subsidiary that operates an underground gas storage field on the company’s behalf. In fiscal year 2000, most of the company’s unregulated operations were organized under a wholly owned subsidiary, Washington Gas Resources Corp. (Washington Gas Resources). These unregulated operations include retail energy marketing; heating, ventilating and air conditioning (HVAC) products and services; and financing of gas appliances and other energy-related equipment for consumers. Effective November 1, 2000, a corporate restructuring occurred in which Washington Gas and its subsidiaries became separate subsidiaries of WGL Holdings, Inc. (WGL Holdings), a newly formed holding company. See Note 2 for details regarding the restructuring.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement