WGL Holdings Announces Five-Year Financial Objectives - Quick Facts

(RTTNews) - WGL Holdings, Inc. (WGL) said it expects non-GAAP earnings per share growth of 7% to 10% for the fiscal years 2014 through 2019. This growth will be balanced across the company's business segments and driven by energy infrastructure investments that will generate predictable revenue streams.

The company said key drivers of the growth over the five year period include revenue increases in the regulated utility, driven by customer growth increasing by 1.1% to 2.4% and regulatory programs in all of its jurisdictions to accelerate pipe replacement spending up to $580 million.

Also, investment of about $720 million for three midstream pipeline projects, including the recently announced Mountain Valley pipeline project and investments of $550 million in clean, distributed generation projects are factors that will add to the growth.