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8-K - FORM 8-K - WASHINGTON GAS LIGHT CO | w82529e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE April 27, 2011 |
CONTACTS: News Media Ruben Rodriguez (202) 624-6620 Financial Community Douglas Bonawitz (202) 624-6129 |
Nancy C. Floyd and Diane Hoskins Elected to Boards of Directors
of WGL Holdings, Inc. and Washington Gas
of WGL Holdings, Inc. and Washington Gas
WASHINGTON, DC WGL Holdings, Inc. (NYSE: WGL), the parent company of Washington Gas and
other energy-related subsidiaries, today announced the election of Nancy C. Floyd and Diane
Hoskins, FAIA, to the boards of directors of WGL Holdings and Washington Gas, effective June 1,
2011. The election of Floyd and Hoskins increases the number of directors for WGL Holdings and
Washington Gas from seven to nine.
The energy industry is poised to undergo major changes, based on increased energy demand and a
heightened awareness and need for clean and efficient energy solutions, said Terry D. McCallister,
Chairman and Chief Executive Officer of WGL Holdings and Washington Gas. At this pivotal time in
our business, the wealth of experience, wisdom and innovation in new energy and energy efficiency
that Ms. Floyd and Mrs. Hoskins bring to our family of companies is invaluable. We also welcome
their expertise in helping WGL Holdings continue our record of excellent corporate governance and
transparency.
Nancy Floyd is the founder and managing director of Nth Power, a venture capital firm focused on
advanced energy technologies, energy efficiency and sustainability. Launched in 1993, Nth Power now
manages over $420 million in funds. The company began investing in energy companies in 1997 and is
recognized today as the driving force behind many leading companies in renewable energy, energy
efficiency and clean transportation.
Floyd has led Nth Powers investments in Silicon Energy, Northern Power, Smartsynch, Serveron,
Spectrasensors and Propel Biofuels, among others. She has served on the boards of the American
Council on Renewable Energy and the Center for Resource Solutions. She is an active member of
Environmental Entrepreneurs (E2), a national community of individual business leaders who advocate
sound environmental policy while building economic prosperity.
WGL Holdings, Inc. 101 Constitution Avenue, NW. Washington, D.C. 20080 www.wglholdings.com
Prior to founding Nth Power, Floyd launched two high-growth energy and telecommunications
companies: NFC Energy Corporation in 1982, an early wind development company, and PacTel Spectrum
Services in 1985. She has also worked on energy and telecommunications issues for the chairman of
the Vermont Public Service Board.
Floyd received her bachelors degree in political science from Franklin and Marshall College, where
she has served as a trustee. She also holds a masters degree in political science from Rutgers
University, where she was an Eagleton Fellow.
Diane Hoskins, FAIA, is an executive director at Gensler, the worlds leading design firm, with
over 2000 clients in 80 countries. Hoskins has developed and implemented state-of-the-art
management strategies at Gensler, helping the firm manage more than 5,000 projects worldwide in
2010.
An innovator in the fields of architecture and strategic planning, Hoskins started Gensler Research
to promote the study of designs impact on business and facility performance, including advanced
and sustainable energy strategies which are being implemented across the companys projects to
reduce the carbon footprints of clients and achieve savings. Gensler, named the top sustainable
design firm by ENR magazine in 2010, is a leader in the design of sustainable green buildings, such
as CityCenter in Las Vegas, a $9 billion building program, one of the largest in the United States.
Internationally, Genslers Shanghai Tower will be the tallest and most sustainable building in
China.
Hoskins is a member of the American Institute of Architects College of Fellows and is a LEED
accredited professional by the U.S. Green Building Council. A respected leader in the Washington,
D.C., community, she serves on boards at the National Building Museum, American Architectural
Foundation and the Greater Washington Board of Trade.
Hoskins received her bachelor of science degree from the Massachusetts Institute of Technology
School of Architecture and Urban Planning. She also holds an MBA from the Anderson School of
Management at UCLA.
Headquartered in Washington, D.C., WGL Holdings, Inc. has three operating segments: (i) the
regulated utility segment, which primarily consists of Washington Gas, a natural gas utility that
serves over one million customers throughout metropolitan Washington, D.C., and the surrounding
region; (ii) the retail energy marketing segment which consists of Washington Gas Energy Services,
Inc., a third-party marketer that competitively sells natural gas and electricity and (iii) the
design-build energy systems segment, which consists of Washington Gas Energy Systems, Inc., a
provider of design-build energy efficiency solutions to government and commercial clients.
Additional information about WGL Holdings, Inc. is available on its website, wglholdings.com. Go to
washingtongas.com for more information about Washington Gas Light Company.
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