e11vk
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
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Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the fiscal year ended December 31, 2008
OR
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o |
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Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
Commission file number: 0-49807
A. |
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Full title of the plan and the address of the plan, if different from that of
the issuer named below: |
WASHINGTON GAS LIGHT COMPANY
SAVINGS PLAN
B. |
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Name of issuer of the securities held pursuant to the plan and the address of
its principal executive office: |
WGL Holdings, Inc.
101 Constitution Avenue, N.W.
Washington, D.C. 20080
Washington Gas Light Company Savings Plan
For the Fiscal Year Ended December 31, 2008
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Report of Independent Registered Public Accounting Firm
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1 |
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Statements of Net Assets Available for Benefits
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2 |
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Statements of Changes in Net Assets Available for Benefits
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3 |
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Notes to Financial Statements
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4 |
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Form 5500, Schedule H, Line 4i Schedule of Assets (Held at End of Year)
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12 |
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Signatures
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13 |
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Exhibit 23 Consent of Independent Registered Public Accounting Firm
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14 |
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Note: |
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All other schedules required by Section 2520.103-10 of the Department of Labors Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974
have been omitted from the Supplemental Schedule section of this
report because they are not applicable. |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Plan Administrators and Participants of
Washington Gas Light Company Savings Plan
We have audited the accompanying statements of net assets available for benefits of the Washington
Gas Light Company Savings Plan (Plan) as of December 31, 2008 and 2007, and the related statements
of changes in net assets available for benefits for the years then ended. These financial
statements are the responsibility of the Plans management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. We
were not engaged to perform an audit of the Plans internal control over financial reporting. Our
audits included consideration of internal control over financial reporting as a basis for designing
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the Plans internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for benefits of the Plan at December 31, 2008 and 2007, and the
changes in its net assets available for benefits for the years then ended, in conformity with U.S.
generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken
as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December
31, 2008, is presented for purposes of additional analysis and is not a required part of the
financial statements but is supplementary information required by the Department of Labors Rules
and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. This supplemental schedule is the responsibility of the Plans management. The supplemental
schedule has been subjected to the auditing procedures applied in our audits of the financial
statements and, in our opinion, are fairly stated in all material respects in relation to the
financial statements taken as a whole.
/s/
Mitchell & Titus, LLP
Washington, DC
June 29, 2009
-1-
Washington Gas Light Company Savings Plan
Statements of Net Assets Available for Benefits
As of December 31, 2008 and 2007
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2008 |
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2007 |
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Assets |
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Investments, at fair value: |
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Registered investment companies |
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$ |
43,269,371 |
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$ |
75,109,874 |
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Common/collective trust funds |
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14,090,700 |
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20,785,674 |
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Blended Stable Value Fund |
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29,756,815 |
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SSgA PAR Fund |
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25,355,378 |
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WGL Holdings, Inc. Common Stock Fund |
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13,043,481 |
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12,502,767 |
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Participant
loans receivable |
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1,760,243 |
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1,961,703 |
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Total Investments |
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101,920,610 |
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135,715,396 |
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Receivables: |
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Employee contribution |
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259,677 |
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Employer contribution |
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99,852 |
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Total Receivables |
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359,529 |
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Total Assets |
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$ |
102,280,139 |
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$ |
135,715,396 |
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Net Assets Available for Benefits at Fair Value |
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$ |
102,280,139 |
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$ |
135,715,396 |
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Adjustment from fair value to contract value for fully
benefit-responsive investment contracts |
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1,006,547 |
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933,849 |
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Net Assets Available for Benefits |
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$ |
103,286,686 |
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$ |
136,649,245 |
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The accompanying notes are an integral part of these statements.
-2-
Washington Gas Light Company Savings Plan
Statements of Changes in Net Assets Available for Benefits
For the Years Ended December 31, 2008 and 2007
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2008 |
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2007 |
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Investment (Loss) Income: |
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Net (depreciation) appreciation in fair value
of investments |
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$ |
(31,320,714 |
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$ |
150,916 |
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Net appreciation in contract value of investments |
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1,046,241 |
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1,361,130 |
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Dividend and interest income |
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1,832,511 |
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6,700,295 |
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Interest, participant loans |
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113,746 |
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123,158 |
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Total Investment (Loss) Income |
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(28,328,216 |
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8,335,499 |
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Transfer in
from the Washington Gas Light Company
Capital Appreciation Plan |
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720,184 |
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Contributions: |
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Employee |
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4,719,832 |
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4,988,780 |
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Employer |
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2,062,047 |
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2,102,707 |
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Total Contributions |
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6,781,879 |
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7,091,487 |
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Deductions: |
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Benefits paid |
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(11,807,514 |
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(15,290,183 |
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Fees |
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(8,708 |
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(61,360 |
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Total Deductions |
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(11,816,222 |
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(15,351,543 |
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Net (Decrease) Increase in Net Assets |
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(33,362,559 |
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795,627 |
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Net Assets Available for Benefits: |
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Beginning of Year |
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136,649,245 |
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135,853,618 |
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End of Year |
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$ |
103,286,686 |
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$ |
136,649,245 |
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The accompanying notes are an integral part of these statements.
-3-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 1Description of the Savings Plan
The following description of the Washington Gas Light Company Savings Plan (Plan or Savings
Plan) provides only general information. Participants should refer to the plan document for a
more complete description of the Plans provisions.
General
The Plan is a defined contribution plan covering all management employees of Washington Gas Light
Company (Company) and certain of its affiliates. Employees are eligible to participate in the
Plan on the date they become an employee. The Plan is subject to the provisions of the Employee
Retirement Income Security Act of 1974 (ERISA).
The Savings Plan is administered by the Vice President Human Resources and Organizational
Development, and the Vice President and Chief Financial Officer of the Company. Effective January
18, 2005, the Plan Administrators appointed ING (formerly known as CitiStreet LLC) as the service
provider and recordkeeper (Recordkeeper) for the Plan, and State Street Bank and Trust Company as
the trustee (Trustee) for the Plan.
Contributions
The Savings Plan permits employees to contribute on both an after-tax and pre-tax basis. Under the
pre-tax provision of the Savings Plan, employees can elect to contribute a portion of their pre-tax
base compensation, as defined by the Plan, up to Internal Revenue Service (IRS) limits. The
Company contributes as a pre-tax matching contribution 100% of the first 4% of an employees base
compensation. Employees who are age 50 or older were allowed to contribute an additional $5,000 in 2008 and
2007 on a pre-tax basis as a catch-up contribution in excess of the maximum 401(k) deferral
contributions of $15,500 in 2008 and 2007; however, there is no employer match for catch-up
contributions.
Under the after-tax provision of the Savings Plan, employees may contribute as a basic
(match-qualifying) contribution up to 4% of their base compensation. The Company contributes as an
after-tax matching contribution 100% of the first 3% of an employees base compensation. The Plan
also includes an after-tax provision for voluntary contributions. Under this provision, employees
may contribute up to 10% of base compensation on an after-tax basis. There is no employer match
for voluntary contributions. Accordingly, on an after-tax basis, employees may contribute up to
14% of base compensation.
Employees may not contribute more than 50% of their total base compensation in pre-tax and
after-tax contributions subject to the IRS dollar limits described above. For employees
contributing under both the pre-tax and after-tax portions, match-qualifying contributions are
considered made under the pre-tax provision of the Savings Plan. The Company may, at its
discretion, make an additional contribution to those participants who are employed by the Company
at the end of the Plan year. In addition, the Company may, at its discretion, make additional
matching contributions on behalf of certain non-highly paid participants in order to satisfy the
non-discrimination requirements of the Internal Revenue Code (IRC).
-4-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 1Description of the Savings Plan (continued)
Employees hired after January 1, 2001 are automatically enrolled in the Savings Plan within 40 days
of employment at 4% of the employees pre-tax base compensation. The employee may opt-out of Plan
participation by following the procedures of the Plan Sponsor to
notify the Recordkeeper.
The Savings Plan allows employees to make rollover contributions of funds from other similar
qualified plans from previous employers. The rollover contributions must satisfy the requirements
of the IRC.
Vesting
Participants are 100% vested at all times in the amounts credited to their accounts.
Participant Accounts
A separate account is maintained for each participant in the Savings Plan. Each participants
account is properly adjusted for the participants contribution, the Companys matching
contribution, participant withdrawals, and an allocation of the
Plans earnings or losses on
investments and other investment income. The Recordkeeper maintains
participants accounts, records contributions, and performs the allocations to the participants in
accordance with the Plan document.
Investments
Participants direct the investment of their accounts into various investment options offered by the
Plan. If an employee does not make an affirmative investment election, the contributions are
deposited in an investment fund that is designated in the Plan document. The participant can
transfer these contributions to another available plan investment at any time. The Plan currently
offers a common stock fund, registered investment companies (mutual funds), common/collective trust funds and a
stable value fund as investment options for participants.
Distributions
When an employee retires or otherwise terminates employment with the Company due to disability or
death, the employee (or employees beneficiary where termination is due to death) is eligible to
receive 100% of his/her account balance. The employee (or employees beneficiary) may elect to
receive the distribution in either a lump-sum or annual payments not to exceed ten years or such
longer period as may be permitted by the required minimum distribution rules. When an employee
terminates employment for reasons other than retirement, disability or death, the employee (or
employees beneficiary) is eligible to receive 100% of his/her account balance as a lump-sum
distribution.
In-Service Withdrawals
Participants can make withdrawals of after-tax employee contributions, rollover contributions and
matured Company contributions (as defined in the Plan document) once every six months.
Participants can make withdrawals of pre-tax contributions in the event of financial hardship (as
-5-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 1Description of the Savings Plan (continued)
defined in the Plan document) or after attaining age 59-1/2.
Loans
Employees may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the
lesser of $50,000 or one-half of the pre-tax, catch-up and Company match account totals. The
loan feature provides additional liquidity to participants. Repayment of loans, including applied
interest, are done via payroll deduction and cannot exceed five years, with the exception of loans
for the purchase of the participants principal residence, in which case the repayment period
cannot exceed 25 years. The loans are secured by the balance in
the participants Plan account and,
effective January 1, 2008, the loans bear an interest rate of one percent above the prime rate published by
the Wall Street Journal on the last business day of the prior calendar quarter. If repayment is
not made by a participant within 90 days of a missed payment, the loan is considered in default and
could be treated as a taxable distribution to the participant. The outstanding balances of loans
made to participants are shown on the Statements of Net Assets Available for Benefits as the
participant loans receivable.
Amendment or Termination
The Savings Plan may be amended or terminated by the Company at any time, for any lawful reason,
without advance notice. Upon termination, all amounts credited to participants will be distributed
in accordance with the provisions of the Plan document.
Note 2Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared using the accrual basis of accounting.
Use of Estimates
In conformity with accounting principles generally accepted in the United States, the Plan
Administrators make estimates and assumptions in the preparation of
the Plans financial statements that
affect certain reported amounts and disclosures. Actual results may differ from those estimates.
Investment Valuation and Income Recognition
On January 1, 2008, the Plan adopted Statement of Financial Accounting Standards (SFAS) No. 157, Fair Value Measurements, which defines fair value, establishes a framework for measuring
fair value, and expands disclosures about fair value measurements. The Plan also adopted certain
other standards related to SFAS No. 157. Refer to Note 7 for disclosures provided for fair value
measurements of plan investments.
Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded
-6-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 2Significant Accounting Policies (continued)
on the ex-dividend date. Interest is recorded on the accrual basis. Realized gains and losses
from security transactions are reported using the historical cost based on a first-in, first-out
methodology.
Management fees and operating expenses charged to the Plan for investments in registered investment
companies and common/collective trusts are deducted from income earned on a daily basis and are not
separately reflected in the financial statements. Consequently, management fees and operating
expenses are reflected as a reduction of investment return for such investments.
Reporting of Investment Contracts (Blended Stable Value Fund)
Beginning on July 15, 2008, the new stable value investment option for the Savings Plan is the
Blended Stable Value Fund. It is initially a blend of the State Street Global Advisors Principal
Accumulation Return Fund (SSgA PAR Fund) and the Wells Fargo Stable Return Fund.
Participants investments in the SSgA PAR Fund at July 15, 2008 were transferred to the Wells Fargo
Stable Return Fund over a twelve-month period, as provided by the contract between the Plan and
State Street Global Advisors. The twelve-month transition period is designed to protect the value
of participants investments, which could be adversely affected
by the early liquidation of fixed-term investments.
The Wells Fargo Stable Return Funds relative portion of the Blended Stable Value Fund increases
each month as investments are transferred from the SSgA PAR Fund and new contributions are made.
After the transfers from the SSgA PAR Fund are completed, the Blended Stable Value Fund will be 100
percent invested in the Wells Fargo Stable Return Fund.
The Blended Stable Value Fund invests in high quality investment contracts issued by insurance
companies, banks and other financial institutions, as well as short-term investment products. As
required by Financial Accounting Standards Board Staff Position (FSP) AAG INV-1 and Statement of
Position (SOP) 94-4-1, Reporting of Fully Benefit Responsive Investment Contracts Held by Certain
Investment Companies Subject to the AICPA Investment Company Audit Guide and Defined-Contribution
Health and Welfare and Pension Plans, investment contracts held by a defined contribution plan are
required to be reported at fair value. However, contract value is the relevant measurement
attribute for that portion of the net assets available for benefits of a defined contribution plan
attributable to fully benefit-responsive investment contracts because contract value is the amount
participants would receive if they were to initiate permitted transactions under the terms of the
Plan. As required by the FSP, the Statements of Net Assets Available for Benefits present the fair
value of the investment contracts as well as the adjustment of the fully benefit-responsive
investment contracts from fair value to contract value. The Statements of Changes in Net Assets
Available for Benefits is prepared on a contract value basis.
Distributions
Distributions
are recorded when checks are drawn and delivered to participants.
-7-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 2Significant Accounting Policies (continued)
Administrative Expenses
The
Company Pays substantially all administrative expenses of the Savings
Plan, except for investment-related expenses which are paid by the Plan.
Note
3Prior Year Presentation
The format
of the prior year presentation was changed to conform to the current
year presentation. Certain line items were changed, but these changes
did not result in a change to Net assets available for benefits.
Note 4Tax Status
The Savings Plan obtained its latest determination letter on March 5, 2003, in which the IRS stated
that the Plan, as amended and restated effective January 1, 2001, is in compliance with applicable
requirements under the IRC. Although the Plan has been amended since receiving the determination
letter, the Plan Administrators and the Plans tax counsel believe that the Plan is currently
designed and being operated in compliance with the applicable qualification requirements of the
IRC. Thus, no provision for income taxes has been included in the financial statements.
Note 5Plan Amendments
The Plan was amended and restated effective January 1, 2008 in order to make certain technical
changes to the Plan. The Plan adopted an amendment effective November 25, 2008 that provides for
changes in several of the investment options offered under the Plan.
Note 6Investments
The Saving Plans investments are held by the Trustee. The Plans investments that represented
five percent or more of the Plans net assets available for benefits as of December 31, 2008 and
2007 are as follows:
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2008 |
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2007 |
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American Funds Growth Fund of America |
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$ |
17,468,292 |
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$ |
31,310,043 |
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Fidelity Advisors Diversified International Fund |
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11,877,479 |
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PIMCO Total Return Fund |
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5,178,113 |
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SSgA Aggressive Strategic Balanced Fund a/ |
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7,464,817 |
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Blended Stable Value Fund a/ b/ |
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30,763,362 |
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SSgA PAR Fund a/ b/ |
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26,289,227 |
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Van Kampen Growth & Income Fund |
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11,673,256 |
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20,287,005 |
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WGL Holdings, Inc Common Stock Fund a/ |
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13,043,481 |
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12,502,767 |
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a/ |
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Party-in-interest (see Note 9). |
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b/ |
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At contract value (see Note 2). |
-8-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 6Investments (continued)
During the years ended December 31, 2008 and 2007, the Plans investments (including gains and
losses on investments bought and sold, as well as held during the year) appreciated (depreciated)
in value as follows:
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2008 |
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2007 |
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Net (depreciation) appreciation in fair value of: |
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Registered investment companies |
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$ |
(25,945,783 |
) |
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$ |
(1,081,242 |
) |
Common/collective trust funds |
|
|
(5,518,759 |
) |
|
|
1,159,332 |
|
WGL Holdings, Inc Common Stock Fund * |
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|
143,828 |
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|
72,826 |
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Total |
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$ |
(31,320,714 |
) |
|
$ |
150,916 |
|
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Net appreciation in contract value of: |
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Blended
Stable Value Fund * |
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$ |
1,046,241 |
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|
$ |
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SSgA PAR
Fund * |
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|
1,361,130 |
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Total |
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$ |
1,046,241 |
|
|
$ |
1,361,130 |
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* |
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Party-in-interest (see Note 9). |
Note 7Fair Value Measurements
On January 1, 2008, the Plan adopted SFAS No. 157. SFAS No. 157 establishes a framework for
measuring the fair value of financial assets and liabilities. This framework provides a fair value hierarchy that prioritizes the inputs
to valuation techniques used to measure fair value. The hierarchy gives the highest priority to
unadjusted quoted prices in active markets for identical assets or liabilities (level 1
measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels
of the fair value hierarchy under SFAS No. 157 are described below:
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Level 1 Inputs to the valuation methodology are unadjusted quoted prices for
identical assets or liabilities in active markets that the Plan has the ability to access. |
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Level 2 Inputs to the valuation methodology include quoted prices for similar assets
or liabilities in active markets, quoted prices for identical or similar assets or
liabilities in inactive markets, inputs other than quoted prices that are observable for
the asset or liability, or inputs that are derived principally from or corroborated by
observable market data by correlation or other means. |
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Level 3 Inputs to the valuation methodology are unobservable and significant to the
fair value measurement. |
Investments measured at fair value on a recurring basis consisted of the following types of
instruments as of December 31, 2008:
-9-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 7Fair Value Measurements (continued)
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
|
|
|
Registered investment companies |
|
$ |
43,269,371 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
43,269,371 |
|
Common/collective trust funds |
|
|
|
|
|
|
14,090,700 |
|
|
|
|
|
|
|
14,090,700 |
|
Blended Stable Value Fund |
|
|
|
|
|
|
29,756,815 |
|
|
|
|
|
|
|
29,756,815 |
|
WGL Holdings, Inc. Common Stock Fund |
|
|
|
|
|
|
13,043,481 |
|
|
|
|
|
|
|
13,043,481 |
|
Participant loans receivable |
|
|
|
|
|
|
|
|
|
|
1,760,243 |
|
|
|
1,760,243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments, at fair value |
|
$ |
43,269,371 |
|
|
$ |
56,890,996 |
|
|
$ |
1,760,243 |
|
|
$ |
101,920,610 |
|
|
|
|
Following is a description of the valuation methodologies used for assets measured at fair value.
There have been no changes in the methodologies used at December 31, 2008 and 2007.
Registered investment companies: Valued at the quoted net asset value on the last trading
date of the year.
Common/collective trust funds: Valued by the issuer of the common/collective trust funds based on
the value of each of the underlying investments, less any applicable fees charged by the
Recordkeeper. The underlying investments are valued by the issuer using quoted market prices on active exchanges or, if unavailable,
primarily using quoted market prices from independent pricing services and broker dealers.
Blended Stable Value Fund: Valued by the issuer of the SSgA PAR Fund and the Wells Fargo Stable
Return Fund based on the value of each of the underlying investments, less any applicable fees
charged by the Recordkeeper. Investments in insurance contracts are valued at contract value,
which is equal to the principal balance plus accrued interest, and are then adjusted to fair value based on current market
yields, as well as other valuation techniques. Fixed income investments are valued at amortized cost which approximate fair value.
All other underlying investments are valued by the issuer using
quoted market prices on active exchanges, where
applicable, or a method that approximates fair value.
WGL
Holdings, Inc. Common Stock Fund: Valued based on the quoted market price of the common shares of WGL
Holdings, Inc. on the last trading date of the year, plus the cash equivalent investments held in
the short-term investment fund.
Participant
loans receivable: Valued at carrying value, which approximates fair value. Carrying value is
equal to the outstanding principal balance, plus any accrued, but unpaid interest.
The table below sets forth a summary of changes in the fair value of the Plans level 3 assets for
the year ended December 31, 2008.
-10-
Washington
Gas Light Company Savings Plan
Notes to Financial Statements
Note 7Fair Value Measurements (continued)
|
|
|
|
|
|
|
Level 3 Assets |
|
|
|
Participant Loans
Receivable |
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2008 |
|
$ |
1,961,703 |
|
Issuances (repayments) and other, net |
|
|
(201,460 |
) |
|
|
|
|
Balance as of December 31, 2008 |
|
$ |
1,760,243 |
|
|
|
|
|
Note 8Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to
interest-rate, market and credit risks. Due to the level of risk associated with certain
investment securities, it is at least reasonably possible that changes in the value of investment
securities will occur in the near term and that such changes could materially affect participants
account balances and the amounts reported in the Statements of Net Assets Available for Benefits.
Note 9Related-Party Transactions
Certain Plan investments are units of mutual funds and other types of securities managed by State
Street Global Advisors, the investment management division of State Street Bank and Trust Company.
State Street Bank and Trust Company is the trustee and, therefore, these transactions qualify as
party-in-interest transactions. Additionally, as the Plan holds investments in the common stock of
WGL Holdings, Inc., these transactions qualify as party-in-interest transactions. Fees paid by the
Plan for investment management services were included as a reduction of the return earned on each
fund.
Note 10 Recent Accounting Pronouncements
In May 2008, the Financial Accounting Standards Board issued SFAS No. 162, The
Hierarchy of Generally Accepted Accounting Principles, which identifies the source of accounting
principles and the framework for selecting the principles to be used in the preparation of
financial statements that are presented in conformity with GAAP. The adoption of SFAS 162 is not
expected to have a material impact on the Plans financial statements.
-11-
Washington Gas Light Company Savings Plan
Supplemental Schedule
Form
5500, Schedule H, Line 4i Schedule of Assets (Held at End of Year)
As of December 31, 2008
EIN: 53-0162882
Plan No: 003
|
|
|
|
|
|
|
|
|
|
|
Name of Issuer |
|
Type of Investment |
|
Current Value |
|
|
|
American Funds Growth Fund of America |
|
Registered Investment Company |
|
$ |
17,468,292 |
|
|
|
CRM Small/Mid Cap Value Institiutional Fund |
|
Registered Investment Company |
|
|
2,230,163 |
|
|
|
MFS International Growth Fund |
|
Registered Investment Company |
|
|
2,626,750 |
|
|
|
PIMCO Total Return Fund |
|
Registered Investment Company |
|
|
5,178,113 |
|
|
|
Templeton Institutional Foreign Equity Fund |
|
Registered Investment Company |
|
|
2,567,909 |
|
|
|
Van Kampen Growth & Income Fund |
|
Registered Investment Company |
|
|
11,673,256 |
|
|
|
Wells Fargo Advantage Discovery Fund |
|
Registered Investment Company |
|
|
1,524,888 |
|
|
|
JPMorgan SmartRetirement Income Fund |
|
Common/Collective Trust |
|
|
562,790 |
|
|
|
JPMorgan SmartRetirement 2010 Fund |
|
Common/Collective Trust |
|
|
1,480,238 |
|
|
|
JPMorgan SmartRetirement 2015 Fund |
|
Common/Collective Trust |
|
|
1,637,735 |
|
|
|
JPMorgan SmartRetirement 2020 Fund |
|
Common/Collective Trust |
|
|
2,737,069 |
|
|
|
JPMorgan SmartRetirement 2025 Fund |
|
Common/Collective Trust |
|
|
2,758,538 |
|
|
|
JPMorgan SmartRetirement 2030 Fund |
|
Common/Collective Trust |
|
|
807,734 |
|
|
|
JPMorgan SmartRetirement 2035 Fund |
|
Common/Collective Trust |
|
|
500,895 |
|
|
|
JPMorgan SmartRetirement 2040 Fund |
|
Common/Collective Trust |
|
|
216,312 |
|
|
|
JPMorgan SmartRetirement 2045 Fund |
|
Common/Collective Trust |
|
|
62,320 |
|
|
|
JPMorgan SmartRetirement 2050 Fund |
|
Common/Collective Trust |
|
|
151,462 |
|
a/ |
|
SSgA S&P 500 Index Fund |
|
Common/Collective Trust |
|
|
3,175,607 |
|
a/ b/ |
|
Blended Stable Value Fund |
|
Common/Collective Trust |
|
|
30,763,362 |
|
a/ |
|
WGL Holdings, Inc. Common Stock Fund |
|
Common Stock Fund |
|
|
13,043,481 |
|
|
|
Participant
Loans Receivable |
|
Participant loans with interest rates ranging from 5.01% to 8.25% |
|
|
1,760,243 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
$ |
102,927,157 |
|
|
|
|
|
|
|
|
|
|
|
a/ |
Denotes Party-in-Interest |
|
b/ |
Contract Value |
-12-
Washington Gas Light Company Savings Plan
Signatures
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan
Administrators have duly caused this annual report to be signed on
their behalf by the undersigned
hereunto duly authorized.
|
|
|
|
|
|
WASHINGTON GAS LIGHT COMPANY
SAVINGS PLAN
|
|
Date: June 29, 2009 |
/s/ Vincent L. Ammann, Jr.
|
|
|
Vincent L. Ammann, Jr. (Plan Administrator) |
|
|
Vice President and Chief Financial Officer
Washington Gas Light Company |
|
|
|
|
|
Date: June 29, 2009 |
/s/ William Zeigler, Jr.
|
|
|
William Zeigler, Jr. (Plan Administrator) |
|
|
Vice President, Human Resources and
Organizational Development
Washington Gas Light Company |
|
-13-