SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2011
|Commission File Number||
Exact name of registrant as specified in its charter
and principal office address and telephone number
|State of Incorporation||I.R.S. Employer Identification No.|
WGL Holdings, Inc.
101 Constitution Ave., N.W.
Washington, D.C. 20080
Washington Gas Light Company
101 Constitution Ave., N.W.
Washington, D.C. 20080
District of Columbia
Former name or former address, if changed since last report: None
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On October 25, 2011, WGL Holdings, Inc. (WGL Holdings) announced its $30 million agreement with Skyline Innovations for the financing and deployment of commercial-scale solar water heating systems in key
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is furnished herewith:
99.1 News Release issued October 25, 2011.
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.|
|Washington Gas Light Company|
|Date: October 27, 2011|
/s/ William R. Ford
|William R. Ford|
|(Principal Accounting Officer)|
|FOR IMMEDIATE RELEASE||CONTACTS:|
|Oct. 25, 2011||News Media|
|Sandra Lee||202-719-5297 x709|
WGL Holdings, Inc. and Skyline Innovations Team to Develop $30 Million of Commercial-Scale Solar Water Heating Projects
The arrangement will provide guaranteed energy savings to businesses and multifamily buildings representing the largest investment in solar water heating project finance in the U.S.
WASHINGTON OCTOBER 25, 2011 Today, WGL Holdings, Inc. announced its agreement to provide $30,000,000 of project capital to Skyline Innovations for the financing and deployment of commercial-scale solar water heating systems in key markets nationwide.
Skyline Innovations, based in Washington, DC, finances, installs and maintains solar water heating systems. Customers have no upfront costs and receive guaranteed energy savings by keeping a fixed percentage of utility bill savings. The remainder of the savings is shared with Skyline. The Skyline guaranteed energy savings model enables customers to achieve both utility bill savings and environmental benefit without the burden of financial risk, eliminating a critical barrier to the adoption of solar water heating systems.
After evaluating the solar heating and cooling sector, Skyline emerged as a leader with its innovative business model and technology platform, explains Terry McCallister, Chairman and CEO of WGL Holdings, Inc. Our investment in projects developed by Skyline Innovations aligns with our strategic position and vision of supporting clean and efficient energy solutions in high growth segments of the solar industry.
Solar water heating technology part of the solar heating and cooling sector reduces the need to run a buildings existing water heating system and decreases its energy consumption. Ideal locations for the Skyline solar water heating program are buildings that use large quantities of hot water, such as lodging, dormitories, multifamily housing, hospitals and laundries.
Driving Skylines ability to guarantee savings and deploy projects at no cost to customers is a technology platform that optimizes project design, system performance and business operations. Our operational model and patent pending software enable us to achieve returns for project investors, explains Zach Axelrod, Founder and CEO of Skyline Innovations. Our partnership with WGL Holdings will broaden our reach and increase availability of our energy solution to the U.S. market.
Headquartered in Washington, D.C., WGL Holdings has three operating segments: (i) the regulated utility segment, which primarily consists of Washington Gas, a natural gas utility that serves over one million customers throughout metropolitan Washington, D.C., and the surrounding region; (ii) the retail energy marketing segment which consists of Washington Gas Energy Services, Inc., a third-party marketer that competitively sells natural gas and electricity and (iii) the design-build energy systems segment, which consists of Washington Gas Energy Systems, Inc., a provider of design-build energy efficiency solutions to government and commercial clients. Additional information about WGL Holdings is available on its website, wglholdings.com . Go to washingtongas.com for more information about Washington Gas Light Company.
Skyline Innovations deploys commercial-scale solar water heating systems, including turnkey financing, installation and maintenance, to help businesses and multifamily buildings realize immediate and guaranteed cost savings. Partnering with Skyline means customers need never make a capital investment; rather they share a percentage of their savings with Skyline. The company was founded in 2009 and is headquartered in Washington, DC. For more information, visit www.skylineinnovations.com .
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WGL Holdings, Inc. 101 Constitution Avenue, N.W. Washington, DC 20080 www.wglholdings.com