Washington Gas Proposes Continuation of STRIDE Plan to Accelerate Natural Gas Infrastructure Replacements and Enhancements in Maryland
Public Company Information:
WASHINGTON--(BUSINESS WIRE)--Washington Gas, a WGL Company (NYSE: WGL), today filed a 5-year plan with the Maryland Public Service Commission to continue progress in the Company’s Strategic Infrastructure Development and Enhancement (STRIDE) initiative to replace aging pipelines in its natural gas system throughout the state.
STRIDE allows Washington Gas to recover its costs as investments are made, enabling the acceleration of natural gas infrastructure replacement. The new plan proposes to replace 120 miles of pipeline and 14,400 services in Maryland between 2019 and 2023.
Washington Gas is currently in the final year of the first phase of its 22-year STRIDE program to enhance safety and improve reliability across its Maryland system by continuing the accelerated replacement of its distribution and transmission systems. The Maryland General Assembly enacted STRIDE law in 2013. Washington Gas filed its first plan in late 2013, which was approved in 2014.
“Maryland’s STRIDE program is an innovative approach to replacing aging gas infrastructure to enhance safety and improve the reliability of our system. We are pleased that over the last four years, we have been able to replace 66 miles of pipeline and 15,000 services in Maryland through March of 2018. We are proud that these improvements also lead to a lowering of greenhouse gas emissions,” said Adrian Chapman, President and Chief Operating Officer at Washington Gas. “We have been delivering safe, reliable and affordable natural gas to customers for 170 years, and our continued investment through STRIDE positions us to keep a proven track record of providing quality service to Marylanders for many years to come.”
Washington Gas’ investment under the 2019-2023 plan is anticipated to be approximately $393 million. Approval of the filing will result in residential heating customers paying a surcharge of 37 cents per month beginning in 2019, the first year of the 5-year plan.
About Washington Gas
Washington Gas Light Company is a regulated natural gas utility providing safe, reliable natural gas service to more than 1.1 million customers in the District of Columbia, Maryland and Virginia. A subsidiary of WGL Holdings, Inc. (WGL), the company has been providing energy to residential, commercial and industrial customers for 170 years. Follow us @washingtongas on Twitter.
WGL (NYSE: WGL), headquartered in Washington, D.C., is a leading source for clean, efficient and diverse energy solutions. With activities and assets across the U.S., WGL consists of Washington Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides options for natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency. Our calling as a company is to make energy surprisingly easy for our employees, our community and all our customers. Whether you are a homeowner or renter, small business or multinational corporation, state and local or federal agency, WGL is here to provide Energy Answers. Ask Us. For more information, visit us at wgl.com.
Brian Edwards, 202-624-6620
Douglas Bonawitz, 202-624-6129