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 14, 2006
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Exact name of registrant as specified in its charter |
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Commission |
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and principal office address and |
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State of |
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I.R.S. Employer |
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File Number |
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telephone number |
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Incorporation |
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I.D. Number |
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1-16163
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WGL Holdings, Inc.
101 Constitution Ave., N.W.
Washington, D.C. 20080
(703) 750-2000
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Virginia
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52-2210912 |
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0-49807
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Washington Gas Light Company
101 Constitution Ave., N.W.
Washington, D.C. 20080
(703) 750-4440
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District of
Columbia
and Virginia
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53-0162882 |
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01 OTHER EVENTS
Washington Gas Light Company (Washington Gas or the Company), a wholly owned subsidiary of WGL Holdings, Inc.,
provides regulated natural gas utility service in Virginia, Maryland and the District of Columbia. In the Maryland
jurisdiction, the Company has been undergoing a routine review of its gas costs that were billed to customers in
Maryland from September 2003 through August 2004. Each year, the Public Service Commission of MD (PSC of MD) reviews
the annual gas costs collected from customers to determine if the
Company’s purchased gas costs are not
justified because: (1) the Company failed to show that the charges were based solely on increased costs of purchased
gas; (2) the Company failed to follow competitive practices in purchasing natural gas; or (3) the Company failed
to show that its practices in procuring and purchasing natural gas were reasonable.
On March 14, 2006, a Hearing Examiner of the PSC of MD issued a proposed order approving purchased gas charges of
Washington Gas for the twelve-month period ending August 2004 except for $4.6 million of such charges that the Hearing
Examiner recommends be disallowed because they were not reasonably and prudently incurred. Washington Gas believes that
the recommended disallowance by the Hearing Examiner is without merit. The proposed order will become a final order
of the PSC of MD on April 14, 2006 unless before that date an appeal is filed with the PSC of MD by any party to the
proceeding. The Company plans to file an appeal to the PSC of MD prior to April 14, 2006. The Company is not in a
position at this time to determine an outcome of this matter.
However, if the Hearing Examiner’s
report is ultimately approved by the PSC of MD, Washington Gas would be required to record any such disallowance as
incremental cost of gas expense in its statement of income.