UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): February 7, 2003
| Exact name of registrant as specified in its charter | |||||||||||||
| Commission | and principal office address and telephone | State of | I.R.S. Employer | ||||||||||
| File Number | number | Incorporation | I.D. Number | ||||||||||
| 1-16163 | WGL Holdings, Inc | Virginia | 52-2210912 | ||||||||||
| 1100 H Street, N.W. | |||||||||||||
| Washington, D.C. 20080 | |||||||||||||
| (703) 750-2000 | |||||||||||||
| 0-49807 | Washington Gas Light Company | District of Columbia | 53-0162882 | ||||||||||
| 1100 H Street, N.W | and Virginia | ||||||||||||
| Washington, D.C. 20080 | |||||||||||||
| (703) 750-4440 | |||||||||||||
Former name or former address, if changed since last report: None
ITEM 5. OTHER EVENTS
District of Columbia Regulatory Matters
On February 7, 2003, Washington Gas Light Company (Washington Gas or the Company), a wholly owned subsidiary of WGL Holdings, Inc., filed with the Public Service Commission of the District of Columbia (Commission) an application to increase rates. The request seeks to increase overall annual revenues in the District of Columbia by approximately $14.1 million, or 7.0 percent, to $214.2 million. The application seeks a return on common equity of 12.25 percent and an overall rate return of 9.25 percent. Revenue from the District of Columbia represents approximately 23 percent of total utility revenues.
In June 2001, Washington Gas filed an application to increase annual revenues in the District of Columbia by approximately $16.3 million, or 6.8 percent. On October 29, 2002, the Commission issued an order directing a decrease in overall annual revenues in the District of Columbia of approximately $7.5 million. On November 7, 2002, Washington Gas filed with the Commission an Application for Reconsideration, which stayed the implementation of the revenue decrease. Other parties also filed Applications for Reconsideration. As of February 10, 2003, the Commission had not issued a final order in response to the Applications for Reconsideration. The rate request application filed February 7, 2003 does not reflect the effect of the revenue reduction indicated in the Commission’s October 29, 2002 order.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this Report to be signed on their behalf by the undersigned hereunto duly authorized.
| WGL Holdings, Inc. | ||
| and | ||
| Washington Gas Light Company | ||
| (Registrants) | ||
| Date: February 11, 2003 | /s/ Mark P. O’Flynn | |
| Mark P. O’Flynn | ||
| Controller | ||
| (Principal Accounting Officer) |
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