Rule 424(b)(5)
Registration No. 333-104574
PRICING SUPPLEMENT NO. 1
Dated November 4, 2003
To Prospectus Dated April 24, 2003 (the “Prospectus”)
WASHINGTON GAS LIGHT COMPANY
MEDIUM-TERM NOTES, SERIES G
DUE ONE YEAR OR MORE FROM DATE OF ISSUE
Principal Amount: $37,000,000
| | | |
[X] Fixed Rate Note
[X] Book Entry Note | | [ ] Floating Rate Note
[ ] Certificated Note |
Issue Price (as a percentage of
principal amount): 99.375 %
| | | |
| Original Issue Date: | | November 7, 2003 |
| | | |
| Maturity Date: | | November 7, 2013 |
| | | |
| Redemption: | | |
| | |
| [X] Optional Redemption: | |
| Type: | [X] Make-whole redemption |
| | Make-Whole Premium: 20 bps |
| | [ ] Other Redemption |
| | Initial Redemption Price: ____________________ |
| | Initial Redemption Date: ____________________ |
| | Percentage amount by which Initial Redemption Price |
| | decreases each year: ____________________ |
[ ] Other Redemption
Type: ____________________
Redemption price: ____________________
Redemption dates: Each payment date beginning ____________________
Applicable Only to Fixed Rate Notes:
Interest Rate: 4.88%
Interest Payment Dates: March 15 and September 15
Applicable Only to Floating Rate Notes:
| | | |
| Base Rate: | | Maximum Interest Rate: ____________________ |
| [ ] Commercial Paper Rate | | Minimum Interest Rate: ____________________ |
| [ ] Prime Rate | | Interest Reset Dates: ____________________ |
| [ ] CD Rate | | Interest Reset Period: ____________________ |
| [ ] Federal Funds Effective Rate | | Interest Payment Dates: ____________________ |
| [ ] LIBOR | | Interest Payment Period: ____________________ |
| [ ] Treasury Rate | | Interest Determination Dates: ____________________ |
| [ ] Other Rate | | |
Initial Interest Rate: ____________________
Index Maturity: ____________________
Spread (plus or minus): __________________
Spread Multiplier: ____________________
This Pricing Supplement relates to the original issuance and sale by Washington Gas Light Company of the Medium-Term Notes, Series G, described herein through Banc One Capital Markets, Inc. as Agents.
Use of Proceeds: The net proceeds from Trade No. 1 will be used to fund the advance redemption of $36,000,000 principal amount and premium for early redemption of the company’s 6.95% Medium-Term Note Series B-11 due November 16, 2023.
