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WGL Energy Reports Higher Gas Margins, Strong Price Environment '

October 28,2021



In reporting third quarter earnings today, AltaGas Ltd. reported that its competitive retail supplier WGL Energy, "benefited from a strong price environment with higher gas margins in the Retail business[.]"

This was partially offset by lower power margins from WGL Energy's retail business during the third quarter of 2021.

In the third quarter of 2021, U.S. retail electricity sales volumes for WGL Energy were 3,738 GWh in the third quarter of 2021, compared to 3,688 GWh in the same quarter of 2020. The increase was primarily due to higher consumption and an increase in customers served by the business.

In the third quarter of 2021, U.S. retail gas sales volumes for WGL Energy were 7,682 Mmcf, compared to 8,393 Mmcf in the same quarter of 2020. The decrease was primarily due to lower utilization compared to the same quarter of 2020.

WGL Energy serves approximately 0.5 million customers



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