HomeApril 30, 2020
Parent Of WGL Energy Reports Higher Retail Electricity Marketing Margin, Customer Growth
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In reporting earnings for the first quarter of 2020, AltaGas Ltd., the parent of WGL Energy, reported, "higher margins and growth in customer base from WGL's retail power marketing business."
These gains were partially offset by, "lower gas margins and volumes from [WGL Energy's] retail gas marketing business as a result of warmer weather," the company said
In the first quarter of 2020, AltaGas U.S. competitive retail electricity sales volumes were 3,511 GWh, compared to 3,080 GWh in the same period of 2019. The increase was primarily due to an increase in customers served by the business.
In the first quarter of 2020, AltaGas U.S. competitive retail gas sales volumes were 21,916 Mmcf, compared to 27,411 Mmcf in the same period of 2019. The decrease was primarily due to warmer weather in the first quarter of 2020 compared to the same period of 2019.
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