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AltaGas Again Reports "Strong Performance" From WGL Retail Business
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AltaGas reported "strong performance" from WGL's retail energy business, in announcing first quarter earnings (three months ended March 31, 2024)
AltaGas said that its Utilities segment, which includes the WGL Energy competitive retail energy business, reported normalized EBITDA of $437 million compared to $401 million in the first quarter of 2023. "The largest drivers of the year-over-year growth in Utilities normalized EBITDA included strong
performance from WGL's Retail business, contribution from AltaGas' continued investment in rate base, customer
additions, and the positive impact of the District of Columbia ('D.C.') rate case," AltaGas said
In the first quarter of 2024, the Retail marketing business's U.S. retail electricity sales volumes were 3,542 GWh, compared to
3,322 GWh in the same quarter of 2023. The increase was primarily due to an increase in commercial customers served by the
business compared to the same quarter of 2023, AltaGas said
In the first quarter of 2024, the Retail marketing business's U.S. retail gas sales volumes were 23,810 Mmcf, compared to 20,402 Mmcf in the same quarter of
2023. The increase was primarily due to colder weather compared to the same quarter of 2023 and an increase in commercial
customers served by the business, the company said
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May 3, 2024
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Copyright 2010-24 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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