Consumer Financing Clause Samples

Consumer Financing. The overwhelming majority of Washington Gas' consolidated assets were devoted to, and revenues were derived from, the regulated utility and the retail energy marketing segments. Going forward, WGL Holdings expects this to continue. However, it does plan to increase the significance of the other segments. Each segment is described below:

Consumer Financing. Washington Gas offers financing for consumers to purchase natural gas appliances and other energy-related equipment. Winter Weather. During each of the last three fiscal years, winter weather that was approximately five percent warmer than normal suppressed the company’s earnings. If normal weather conditions had occurred, Washington Gas estimates that its earnings per average common share during fiscal year 2000 would have been approximately

Consumer Financing. Washington Gas has offered financing for customers to purchase natural gas appliances and other energy- related equipment. During the fiscal years ending September 30, 2000, 1999 and 1998, the consumer financing segment produced operating revenues of $3 million, $4 million and $3 million, respectively, or less than 1 percent of the Company's total operating revenues during each of these three years. Additional financial information about these reported industry segments for fiscal years 2000, 1999 and 1998, is reported in Note 15- Operating Segment Reporting in the Notes to the Consolidated Financial Statements of the Company's 2000 Annual Report to Shareholders, which is incorporated by reference into this report.

Consumer Financing