Compounding Long-term Dividends at 5-7% CAGR
1 Improve Returns at WGL
Allowed ROE
~$35MM of
potential annual net
income value creation¹
2019
AO
AⓇ
Lever to help partially offset D
~$70MM of
annual net income value
creation1
+240 bps
WGL Regulatory
ROE increase
since 2019
Achievement driven
by regulatory,
capital and cost
discipline over the
past four years
A
A~100 bps
Rate Cases: D.C.
and Maryland
Pending Rate Cases
Ⓡ 20-40 bps
Operational
Excellence: Cost
and efficiency
management -
internal + external
+
© 20-40 bps
Further
Operational
Excellence
$15-25MM
of potential annual net
income value creation¹
D
℗ 30-60 bps
Regulatory Lag:
Rate lag associated
with historical test
year
→ 0-40+ bps
Asset
Optimization
2023E
Exercise strong capital discipline. Utilize modernization programs to prioritize safety,
reduce risks, and enhance reliability, and drive better outcomes for all stakeholders.
1. Based on a future projection of rate base.
AltaGas
Closing the Remaining ROE Gap is a ~ $850MM Value Creation Opportunity²
E
AO
Future State
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