DC NatGas Utility WGL Considers Selling Itself to Spanish Company

iberdrolaWord has leaked out that WGL Holdings, the umbrella company that owns Washington (DC) Gas Light Company and WGL Midstream, is considering selling itself to utility giant (and Spanish-based) Iberdrola. The deal, if it happens, has implications for the Marcellus. Earlier this month MDN reported that WGL Midstream, which already is a 7% owner in the Mountain Valley Pipeline project, had upped its ownership stake to 10% (see WGL Midstream Buys More of Mountain Valley Pipeline). WGL’s plan is to pipe more Marcellus/Utica gas to the Washington, DC area for sale to customers living in our nation’s capital. Would/could a change in ownership change that plan? It might…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment