WGL and Washington Gas Join Forces with Wizards
Energy Company Will Green Games in Nov., Dec. & Jan.
Public Company Information:
WASHINGTON--(BUSINESS WIRE)--WGL (NYSE: WGL) and its subsidiary, Washington Gas have partnered with the Washington Wizards for the Greening of Verizon Center for every home game during the 2014-15 season. Games played on Nov. 15, Dec. 5 and Jan. 7 will highlight the partnership.
“We are thrilled to partner with WGL and Washington Gas to help green the Verizon Center and assist us in our responsible and sustainable practices,” said David Touhey, Verizon Center senior vice president & general manager. “Sustainability is an important issue and we are always looking for ways to enhance our support of the environment.”
WGL will be donating 410 WGES CleanSteps® Carbon Offsets to counterbalance the carbon dioxide emissions for lighting, heating/cooling, concession cooking as well as solid waste from all Wizards home games at the Verizon Center during the 2014-15 season. Offsetting 410 tons of carbon dioxide emissions is equivalent to:
- Avoiding the consumption of over 46,000 gallons of gasoline, or
- Planting over 10,500 tree seedlings that grow for 10 years.
"WGL clearly understands its responsibility as a corporate citizen, not only by playing an integral role in the betterment of the communities we serve, but also as stalwart stewards for a cleaner environment," said Dr. Louis J. Hutchinson, III, chief revenue officer for WGL. "We are excited to be 'Greening' every Wizards game for the 2014-2015 season, and this is just the first of many initiatives that WGL is undertaking that will illustrate and prove our commitment to making our region and world a better place in which to live."
As part of this initiative, WGL has also entered a Public-Private Partnership between WGL, Restore Together, Inc., and the Wizards. Local nonprofit organizations supported by this partnership include: Central Union Mission; New Hope Housing; The ARC; and G.I.R.L. Inc.
About WGL Holdings, Inc.
Headquartered in Washington, D.C., WGL Holdings, Inc. [NYSE: WGL] is a leading source for clean and efficient energy solutions. Through our affiliates and strategic relationships, the Company offers a diverse set of energy sources including natural gas, wind, and solar as well as a range of energy solutions - generation, storage, transportation, distribution, supply, and efficiency, with activities in 30 states. WGL has five main operating units: Washington Gas Light Company, a regulated natural gas utility serving approximately 1.1 million customers in the metropolitan Washington, D.C. area; Washington Gas Energy Services, Inc., one of the largest natural gas, electricity and green energy suppliers in the Mid-Atlantic; Washington Gas Energy Systems, Inc., a distributed generation and energy efficiency business, offering solar, fuel cell, combined heat and power, and other technologies across the United States; WGL Midstream, Inc., a wholesale energy solutions business, investing in and optimizing natural gas pipelines and storage facilities in the Midwest and Eastern United States; and Hampshire Gas, a natural gas storage business which owns and operates facilities in and around Hampshire County, West Virginia. As product and service innovation are critical for value creation and sustaining growth, we are continuously increasing our assets and investments in targeted clean energy sectors. This strategy supports WGL's core business, as well as provides opportunity for growth through partnerships and investments. WGL's diversity is its strength. We are dedicated to the sustainability of our business, the customers and communities we serve, and the environment. To learn more, visit www.wglholdings.com.
About Monumental Sports & Entertainment
Monumental Sports & Entertainment is one of the largest integrated sports and entertainment companies in the country with one of the most diverse partnership groups in all of sports. MSE owns and operates three professional sports teams: the NBA's Washington Wizards, NHL's Washington Capitals and WNBA's Washington Mystics. The group also owns and operates Verizon Center, the premier sports and entertainment venue in Washington, D.C. MSE also oversees the management of Kettler Capitals Iceplex, the state-of-the-art training facility for the Capitals, and George Mason University's Patriot Center.
About WGES CleanSteps Carbon Offsets
Washington Gas Energy Services’, a WGL subsidiary, CleanSteps Carbon Offsets are sourced from independently verified carbon-reduction projects in the transportation and waste management sectors within the Chesapeake Bay region. WGES CleanSteps Carbon Offsets have both present and future environmental benefits that support cleaner air and water. Through Washington Gas Energy Services' partnership with the Chesapeake Bay Foundation (CBF), a portion of the proceeds from all offsets sold support the Carbon Reduction Fund, which is managed by CBF and used to develop future clean air and water projects throughout the Chesapeake Bay region. To date more than $540,000 has been contributed to this Fund, which has been used to plant over 11,000 trees in the Bay watershed.
WGL Holdings, Inc.
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