LET YOUR VOICE BE HEARD
- WGL and AltaGas have received all required approvals from federal agencies, including the Federal Energy Regulatory Commission, Federal Trade Commission, US Department of Justice, the Committee on Foreign Investment in the United States and the Virginia State Corporation Commission.
The companies also propose an additional $24.5 million in financial commitments to benefit Washington Gas’s entire service area, including a $1.5 million contribution to the Washington Area Fuel Fund; $450,000 to study the development of renewable natural gas facilities; $2.75 million for a new damage prevention program; $12 million in charitable contributions over 10 years; and $7.8 million to develop 5 MW of grid energy storage or other renewable resources.
- Ratepayers, shareholders, the financial health of the utilities standing alone and as merged, and the economy of the District;
- Utility management and administrative operations;
- Public safety and the safety and reliability of services;
- Risks associated with all of the companies’ business operations;
- The Commission’s ability to regulate the new utility effectively;
- Competition in the local retail and wholesale markets that impacts the District and DC ratepayers; and
- Conservation of natural resources and preservation of environmental quality.
- The credit rating of Washington Gas will be downgraded, which could lead to higher rates for District residents.
- The proposed merger could result in a negative impact to the District’s economy.
- The proposed merger’s direct, quantifiable, traceable, and tangible benefits to ratepayers are very limited and almost entirely restricted to WGL and Alta Gas’s proposal to provide a one-time bill credit to District ratepayers of $12.25 million.
- The proposed merger, if approved, will expose District ratepayers to new financial risks, such as risks associated with foreign currency exchange rates.
- On safety and reliability, WGL and AltaGas have not made any explicit commitments to improve Washington Gas’s current pipeline replacement program, nor have they made any commitments to reduce hazardous leaks that are harmful to the environment.
- WGL and AltaGas have not demonstrated that the proposed merger will result in positive environmental benefits that would enable Washington Gas to focus greater resources on the reduction of greenhouse gas emissions in the District.