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November 20, 2012
18:07 EDTWGLWashington Gas' infrastructure replacement application approved
On November 15, the Virginia State Corporation Commission issued an order approving Washington Gas', a subsidiary of WGL Holdings (WGL), amended Steps to Advance Virginia's Energy, or SAVE plan. Under the plan, the company will recover approximately $191.4M in anticipated expenditures for the replacement of facilities over a five-year period beginning January 1, 2013. The previously authorized plan called for expenditures of $116.5M. Washington Gas projects the total calendar year annual expenditures for the amended SAVE Plan to be $40M in 2013; $40M in 2014; $37.1M in 2015; $37.1M in 2016 and $37.1M in 2017.
News For WGL From The Last 14 Days
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October 31, 2014
10:00 EDTWGLOn The Fly: Analyst Downgrade Summary
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05:25 EDTWGLWGL Holdings downgraded to Hold from Buy at Brean Capital
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October 24, 2014
14:05 EDTWGLConstitutional Pipeline receives FERC final environmental review
Constitution Pipeline Company reported a key regulatory milestone toward approval to construct its proposed pipeline on a schedule that targets increasing natural gas supply to New York and New England markets in time for the winter 2015-16 heating season. The Federal Energy Regulatory Commission, or FERC, on Oct. 24 published its final environmental review of the proposed 124-mile Constitution Pipeline. The FERC action is a key step toward the commission's decision on the project, which is expected as early as late November. Assuming timely receipt of all necessary regulatory approvals, Constitution Pipeline would begin construction as early as the first-quarter next year in order to help meet winter 2015-16 heating-season needs in New York and New England. The FERCís 90-day federal authorization decision deadline for the project is set for Jan. 22, 2015. Constitution Pipeline Company is owned by subsidiaries of Williams Partners L.P. (WPZ), Cabot Oil & Gas Corporation (COG), Piedmont Natural Gas Company (PNY), and WGL Holdings (WGL).

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