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PUBLIC SERVICE COMMISSION OF THE DISTRICT OF COLUMBIA
NOTICE OF PROPOSED RULEMAKING
FORMAL CASE NO. 1088, IN THE MATTER OF THE APPLICATION OF WASHINGTON GAS LIGHT COMPANY FOR A CERTIFICATE OF AUTHORITY AUTHORIZING IT TO ISSUE DEBT SECURITIES AND PREFERRED STOCK
1. The Public Service Commission of the District of Columbia (Commission) hereby gives notice, pursuant to D.C. Official Code §§ 34-502 and 34-503 (2010 Repl.), and in accordance with D.C. Official Code § 2-505(a) (2006 Repl.), that it intends, in not less than thirty (30) days from the date of publication of this Notice in the D.C. Register, to take final action on the Application of Washington Gas Light Company (“WGL” or “Company”) for a certificate authorizing the Company to issue and sell debt securities or preferred stock in an aggregate amount not to exceed $490.0 million.[1]
2. In its Application, filed on July 18, 2011, WGL requests a three (3)-year authorization to issue and sell debt securities or preferred stock beginning October 1, 2011, and ending on September 30, 2014. The Company states that it plans to use the proceeds from the financing for four (4) primary purposes: (1) for the refunding of maturing long-term debt; (2) for advance refunding of long-term debt as market conditions permit; (3) for general corporate purposes, including capital expenditures, acquisition of property, working capital requirements and retirement of short-term debt; and (4) for the reimbursement of funds actually expended for any of those purposes.[2] WGL also seeks expedited review of its Application under the Commission’s expedited review process in chapter 35 of title 15 of the District of Columbia Municipal Regulations of the Commission’s rules (15 DCMR §§ 3500-3505).[3]
3. WGL’s Application and supporting documentation are on file with the Commission and may be reviewed at the Office of the Commission Secretary, 1333 H Street, N.W., Second Floor, West Tower, Washington, D.C. 20005, between the hours of 9:00 a.m. and 5:30 p.m., Monday through Friday, or may be viewed on the Commission’s website at www.dcpsc.org. Copies of the Application are available, upon request, at a per-page reproduction fee.
4. Any person desiring to comment on the Application or object to the expedited handling of the Application shall file written comments or objections stating the reasons for the objections no later than thirty (30) days from the publication of this Notice in the D.C. Register addressed to Jesse P. Clay, Jr., Acting Commission Secretary, at the above address. Any responses to comments or objections shall be filed within thirty-five (35) days from the publication of this Notice in the D.C. Register. Once the comment period expires, the Commission will take final rulemaking action.
[1] Formal Case No. 1088, In the Matter of the Application of Washington Gas Light Company for a Certificate of Authority Authorizing it to Issue Debt Securities and Preferred Stock (“F.C. No. 1088”); Washington Gas Light Company’s Application for Authority to Issue Debt Securities and Preferred Stock, filed July 18, 2011 (“WGL’s Application”).
[2] WGL’s Application at 2-3.
[3] Id. at 7.
