How to Fund Energy Efficiency Upgrades
Energy Performance Contracts use savings to pay for improvements.
WGL Midstream, formerly known as Capitol Energy Ventures, engages in the development, management and optimization of natural gas storage and transportation projects. WGL Midstream’s customers and counterparties include producers, utilities, LNG exporters, local distribution companies, power generators, wholesale energy suppliers, pipelines and storage facilities.
WGL Midstream is part of WGL’s effort to realize the vision of a company intent on participating in the new energy future while further growing those portions of our enterprise that have served WGL for the past 169 years.
It is clear the world is moving toward cleaner energy, with natural gas a key part of that picture. That energy future also embraces wind, solar, energy efficiency, natural gas-powered fuel cells and even more from the world’s best engineering minds.
WGL has grown its gas infrastructure effort through its WGL Midstream business. Here we’ve extended a major presence in natural gas storage and transportation into a growing infrastructure business — our investments in pipeline systems are now projected to total nearly $1 billion in the near future.
In December 2014, WGL Midstream entered into a long-term relationship with Gas Authority of India Limited (GAIL) Global, a subsidiary of GAIL India, to sell up to 430,000 dekatherms (dths) per day of natural gas for a term of approximately 20 years. This unique partnership, WGL’s first relationship with an overseas customer, is providing WGL with a predictable, low-risk, long-term earnings stream that efficiently maximizes our domestic natural gas supply without a capital investment.
This partnership exemplifies our corporate vision and our broader strategy to build a growing, long-term earnings stream consisting of efficient, customized energy solutions.
WGL’s growing presence in the regional transmission of natural gas took a major step forward in 2017 with the commencement of construction of the Central Penn Line (a major component of construction of Transco’s Atlantic Sunrise Pipeline Project), a natural gas pipeline that will provide new firm gas transportation capacity through Pennsylvania. WGL has committed $410 million to the project as part of our overall $1 billion projected investment in regional transmission pipelines.
WGL Midstream is a significant investor in Central Penn, a 185-mile “greenfield” pipeline in Susquehanna County, Pennsylvania, and extending to Lancaster County, Pennsylvania. The Central Penn Line will be instrumental in addressing the current challenge of transporting natural gas from an area with abundant supply to existing established markets.
The Central Line will have the capacity to transport and deliver up to 1.7 million dths per day of natural gas and is expected to be put into service in 2018.
Visit the WGL Midstream website to learn more.
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