WGL Holdings Inc. (NYSE: WGL) was founded in 1848 and is headquartered in Washington, USA with 1,554 full-time employees. Through its subsidiaries, WGL Holdings Inc. is engaged in natural gas sales and energy-related business development in the United States.
WGL Holdings (WGL):
WGL Holdings is a utility for natural gas transportation and sales. Its main business areas are located in Washington DC, Maryland, Virginia and other places. The company has more than 22,000 miles of gas pipelines. Washington Gas Power Company’s business group: natural gas distribution, hydropower and air conditioning engineering, and customer financing. Its subsidiaries include: Washington Gas, Washington Energy Services, WGL Midstream, Hampshire Gas.
Washington Gas Power Company is divided into 4 divisions to operate : Regulated Utility (regulated utility), Retail Energy-Marketing (retail energy market), Commercial Energy Systems (commercial energy system), and Midstream Energy Services (midstream energy services).
- Regulated Utility -sells natural gas to retail customers; owns all and partial rights in underground natural gas storage facilities, including pipeline transmission facilities in and near Hampshire, West Virginia.
- Retail Energy-Marketing -sell natural gas and electricity directly to residential, commercial and industrial customers.
- Commercial Energy Systems -provides clean and energy-saving solutions, including commercial solar, energy efficiency and cogeneration projects, as well as other distributed power generation solutions to government and commercial customers. In addition, the department also focuses on upgrading the electromechanical, power, water and energy related infrastructure of government and commercial facilities through alternative energy technologies.
- Midstream Energy Services -Acquire, invest, manage and optimize natural gas storage and transportation assets.
As of September 30, 2016, WGL Holdings has approximately 577 miles of transmission lines; 12,990 miles of distribution buses; and 12,572 miles of distribution lines; and in Maryland, Virginia, Delaware, Pennsylvania and the District of Columbia Serving approximately 133,000 natural gas customers and approximately 127,400 electricity customers.