Exhibit 99.1
November 13, 2008
  News Media    
  Eric Grant   (202) 624-6091
  Financial Community    
  Melissa E. Adams   (202) 624-6410
  Robert Dennis   (202) 624-6129
WGL Holdings, Inc., Reports Record Earnings for Fiscal Year 2008;
Issues Fiscal Year 2009 Guidance
    Consolidated fiscal year 2008 GAAP earnings up — $2.33 per share vs. $2.19 per share for fiscal year 2007
    Consolidated fiscal year 2008 non-GAAP operating earnings up 23% — $2.44 per share vs. $1.99 per share for fiscal year 2007
    New rates and asset optimization strategy drive fiscal year 2008 utility results
    Fiscal year 2009 GAAP and non-GAAP earnings guidance of $2.27 to $2.39 per share
Consolidated Results
WGL Holdings, Inc. (NYSE: WGL), the parent company of Washington Gas Light Company (Washington Gas) and other energy-related subsidiaries, today reported record net income determined in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP) for the fiscal year ended September 30, 2008 of $116.5 million, or $2.33 per share, an increase of $8.6 million, or $0.14 per share, over net income of $107.9 million, or $2.19 per share, reported for the fiscal year ended September 30, 2007.
“Several strategic initiatives drove this year’s excellent results and position us for long-term success,” said James H. DeGraffenreidt, Jr., chairman and chief executive officer of WGL Holdings. “New rates and regulatory mechanisms and the successful expansion of our asset management program enable us to share benefits with both customers and shareholders. Business process improvements are reducing costs and improving service, earning us J.D. Power and Associates #1 ranking for customer service among mid-Atlantic gas companies. With our strong balance sheet, diverse portfolio of energy businesses and resilient regional economy, we remain uniquely positioned for continued long-term success.”


The following information was filed by Wgl Holdings Inc (WGL) on Friday, November 14, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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