WGL Energy Services Inc (WGL Energy)

About WGL Energy Services Inc (WGL Energy)

WGL Energy Services Inc. is an unregulated retail energy supplier offering natural gas, electricity, and renewable energy products to residential, commercial, and government customers in Delaware, Maryland, Ohio, Pennsylvania, Virginia, New Jersey, and Washington D.C. The company was created in 1997 as Washington Gas Energy Services, Inc. and rebranded to WGL Energy Services in January 2015. It operates as an indirect, wholly-owned subsidiary of Calgary-based AltaGas Ltd., which acquired parent holding company WGL Holdings, Inc. in July 2018.

Ownership timeline

Documented corporate events. Each entry links to a primary source.

1. 1997
   Washington Gas Resources Corp. creates Washington Gas Energy Services, Inc. as an unregulated retail energy subsidiary to serve customers in newly deregulated markets. [source]
2. January 15, 2015
   Washington Gas Energy Services, Inc. formally changes its corporate name to WGL Energy Services, Inc. following the parent's 2014 rebrand to the 'WGL' umbrella. [source]
3. January 25, 2017
   AltaGas Ltd. (Calgary, Alberta) announces a definitive agreement to acquire WGL Holdings, Inc. in a transaction valued at approximately C$8.4 billion (USD$6.4 billion). [source]
4. July 6, 2018
   AltaGas Ltd. completes its acquisition of WGL Holdings, Inc. WGL Holdings (and all subsidiaries including WGL Energy Services) becomes an indirect, wholly-owned subsidiary of AltaGas Ltd. WGL's common stock is delisted from NYSE. [source]

Track record

Documented regulatory actions, litigation outcomes, and major corporate events. Each entry is sourced. Pending matters and unresolved allegations are not listed.

• regulatory
  November 15, 2024

  DC Attorney General Brian L. Schwalb announced a finalized consent decree requiring AltaGas (parent of WGL Holdings and WGL Energy Services) to pay at least $2.1 million in penalties to the District of Columbia. The settlement resolved AltaGas's breach of a commitment made in its 2018 merger agreement with WGL to develop 10 megawatts of solar energy to offset Washington Gas's greenhouse gas emissions. The consent decree also imposed ongoing daily penalties ($1,500/day in Q1 2025, rising to $3,600/day thereafter) until the 10 MW solar obligation is fulfilled. [source]

Rate history

WGL Energy Services Inc (WGL Energy)'s lowest fixed and variable rates over time, broken out by territory.