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WGL > SEC Filings for WGL > Form 8-K on 15-Oct-2013All Recent SEC Filings

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Form 8-K for WGL HOLDINGS INC


15-Oct-2013

Other Events


ITEM 8.01 OTHER EVENTS

On October 10, 2013, the Public Utility Law Judge of the Public Service Commission of Maryland (PSC of MD) issued a Proposed Order approving an overall increase in rates for Washington Gas of $8.754 million. This increase is based on an imputed 57.88% equity component of the Company's capital structure, a return on equity of 9.25% and an overall return of 7.54%. Washington Gas' revised request was for an increase of $28.3 million. Any appeal of the Order must be filed on or before October 24, 2013. Washington Gas disagrees that the ordered level of rate relief will provide the Company with a reasonable opportunity to recover its reasonably incurred costs and provide an opportunity for a reasonable return. Accordingly, the Company plans to file an appeal to the PSC of MD on or before October 24, 2013. The Commission is expected to rule on any appeal of the Proposed Order on or before November 22, 2013.

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