Forging a New Legacy
When we think back over the past nine years, we are thankful in so many ways for the privilege of leading this company—the inspiration we’ve drawn from an energized WGL team, the growth we’ve been able to realize and the promising future we anticipate.
Perhaps our greatest satisfaction comes from the decision our board of directors made at the very beginning of our tenure allowing us to envision a future for WGL that stepped outside the traditional utility model and, in essence, forged a new legacy for our company. It was this important step that made possible all that WGL has become today.
We set out to point WGL toward an energy future that would not only serve our business in the present, but one that would endure to the benefit of future generations. We were empowered to ask—and answer—a profound question: Where do we think the world needs to be in 30 years, 50 years, and well into the future?
Our mission was to forge a new legacy, a future built on WGL’s distinguished 160-plus-year history, but at the same time establish an ambitious, reinvigorated mission, one that would both benefit our shareholders and also create a better future for our planet, our communities, the customers we serve now and those we will serve for many decades to come.
Executing on a Vision
For us, that meant asking where the world of energy is headed over the long term, and how do we help drive the future by what we do. It was clear the world was moving toward cleaner energy, with natural gas a key part of that picture. That energy future also embraced wind, solar, energy efficiency, natural gas-powered fuel cells and even more from the world’s best engineering minds. So how would we get involved?
In the past nine years, we have addressed these questions to realize the vision of a company intent on participating in that new energy future while further growing those portions of our enterprise that have served us for the past 169 years. To wit:
- We have continued to operate a safe, reliable, growing and state-of-the-art regulated natural gas utility. Washington Gas, our largest business unit, is an indispensable part of the comprehensive energy solution we offer to our customers.
- We have grown our gas infrastructure effort through our WGL Midstream business. Here we’ve extended a major presence in natural gas storage and transportation into a growing infrastructure business—our investments in pipeline systems are now projected to total nearly $1 billion in the near future.
- Finally, through WGL Energy, we have built a robust and profitable presence in alternative energy, offering our customers solar solutions, remotely generated wind and other options. Through a distributed generation model, we can provide a combination of natural gas and alternative energy solutions.