CORRECTING and REPLACING WGL Holdings Raises Annual Dividend $0.05 Per Share to $1.47; 33rd Consecutive Annual Increase in Common Stock Dividend

WASHINGTON--(BUSINESS WIRE)--Headline of release dated March 5, 2009, should read: WGL Holdings Raises Annual Dividend $0.05 Per Share to $1.47; 33rd Consecutive Annual Increase in Common Stock Dividend (sted WGL Holdings Raises Annual Dividend $0.3550 Per Share to $0.3675; 33rd Consecutive Annual Increase in Common Stock Dividend).

“Our strong fundamentals and achievement of excellence throughout the business have permitted us again this year to increase our annualized dividend. Even in the face of these difficult economic times, we continue to be committed to providing our shareholders with a steady and growing stream of income.”

The corrected release reads:

WGL HOLDINGS RAISES ANNUAL DIVIDEND $0.05 PER SHARE TO $1.47; 33RD CONSECUTIVE ANNUAL INCREASE IN COMMON STOCK DIVIDEND

The Board of Directors of WGL Holdings, Inc. (NYSE:WGL), the parent company of Washington Gas Light Company, today voted to increase the quarterly dividend on its common stock to $0.3675 per share from $0.3550 per share. This change increases the annualized dividend level to $1.47 per share from $1.42 per share.

Commenting on the announcement, Chairman and CEO James H. DeGraffenreidt, Jr. said, “Our strong fundamentals and achievement of excellence throughout the business have permitted us again this year to increase our annualized dividend. Even in the face of these difficult economic times, we continue to be committed to providing our shareholders with a steady and growing stream of income.”

This annual increase is the 33rd consecutive year that WGL Holdings, Inc. has increased the cash dividend on its common stock. The company has one of the longest dividend payment records on the New York Stock Exchange, having provided cash rewards to shareholders for 158 consecutive years.

The new quarterly dividend is payable May 1, 2009, to shareholders of record on April 10, 2009.

In addition, Washington Gas Light Company, a utility subsidiary of WGL Holdings, Inc., declared regular dividends today on all classes of the utility company's preferred stock as follows:

Class of Serial
Preferred Stock	Dividend Per Share
$ 4.25 Series	$ 1.0625
$ 4.80 Series	$ 1.20
$ 5.00 Series	$ 1.25

Dividends on the utility subsidiary's preferred stock are also payable May 1, 2009, to shareholders of record on April 10, 2009.

Headquartered in Washington, D.C., WGL Holdings, Inc. is the parent company of Washington Gas Light Company, a natural gas utility that serves over one million customers throughout metropolitan Washington, D.C., and the surrounding region. In addition, we hold energy-related retail businesses that focus primarily on retail energy marketing and providing design-build energy efficiency solutions to government and commercial clients.

Additional information about WGL Holdings, Inc. is available on its Web site, www.wglholdings.com. Go to www.washingtongas.com for more information about Washington Gas Light Company.

Forward-Looking Statements

This news release and other statements by us include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the outlook for earnings, revenues and other future financial business performance or strategies and expectations. Forward-looking statements are typically identified by words such as, but not limited to, “estimates,” “expects,” “anticipates,” “intends,” “believes,” “plans,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would,” and “could.” Although we believe such forward-looking statements are based on reasonable assumptions, we cannot give assurance that every objective will be achieved. Forward-looking statements speak only as of today, and we assume no duty to update them. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, general economic conditions and the factors discussed under the “Risk Factors” heading in our most recent annual report on Form 10-K and other documents we have filed with, or furnished to, the U.S. Securities and Exchange Commission.