1103601--12/1/2008--WASHINGTON_GAS_LIGHT

related topics

{gas, price, oil}

{operation, natural, condition}

{loss, insurance, financial}

{customer, product, revenue}

{tax, income, asset}

WGL Holdings, Inc. Washington Gas Light Company Operating issues could affect public safety and the reliability of Washington Gas s natural gas distribution system which could adversely affect Washington Gas s results of operations, financial condition and cash flows. The receipt of additional amounts of gas from the Dominion Cove Point LNG terminal into Washington Gas s natural gas distribution system may result in higher operating expenses and capital expenditures which may have a material adverse effect on its financial condition, results of operations and cash flows, and may impact system safety. Changes in the relative prices of alternative forms of energy may strengthen or weaken the competitive position of Washington Gas s natural gas delivery service. If the competitive position of natural gas service weakens, it may reduce the number of natural gas customers in the future and negatively affect Washington Gas s future cash flows and net income. A decline in the economy or significant increases in interest rates may reduce net revenue growth, increase costs and reduce future net income and cash flows. WGL Holdings, Inc. Washington Gas Light Company If Washington Gas is unable to access sources of liquidity or capital, or the cost of funds increases significantly, Washington Gas s business may be adversely affected. Washington Gas s risk management strategies and related hedging activities may not be effective in managing its risks, and may result in additional liability for which rate recovery may be disallowed and cause increased volatility in its earnings. Washington Gas s facilities and operations could be targets of acts of terrorism. WASHINGTON GAS ENERGY SERVICES, INC. WGEServices business, earnings and cash requirements are highly weather sensitive and seasonal. The ability of WGEServices to meet customers natural gas and electricity requirements may be impaired if contracted supply is not available or delivered in a timely manner. The risk management strategies and related hedging activities of WGEServices may not be effective in managing risks and may cause increased volatility in its earnings.

Full 10-K form ▸

1103601--12/1/2008--WASHINGTON_GAS_LIGHT_CO