The following excerpt is from the company's SEC filing.
On October 10, 2013, the Public Utility Law Judge of the Public Service Commission of Maryland (PSC of MD) issued a Proposed Order approving an overall
increase in rates for Washington Gas of $8.754 million. This increase is based on an imputed 57.88% equity component of the Companys capital structure, a return on equity of 9.25% and an overall return of 7.54%. Washington Gas revised
request was for an increase of $28.3 million. Any appeal of the Order must be filed on or before October 24, 2013. Washington Gas disagrees that the ordered level of rate relief will provide the Company with a reasonable opportunity to recover its
reasonably incurred costs and provide an opportunity for a reasonable return. Accordingly, the Company plans to file an appeal to the PSC of MD on or before October 24, 2013. The Commission is expected to rule on any appeal of the Proposed
Order on or before November 22, 2013.
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.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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