Weather helps WG&L profit - WALB.com, Albany News, Weather, Sports

Weather helps WG&L profit

February 26, 2003

Albany-- Energy use is up, and so is Water, Gas and Light's bottom line.The coldest winter in recent years has bolstered energy use.

So far in this fiscal year, WG&L's revenues are ahead of expectations by $1.9 million.

The company plans to reserve this excess money. "We have had to draw down our reserves last past years," said WG&L Fiscal Affairs chief John Vansant. "Last year finished under budget same amount so really catching up from prior under budget years."

In seven months, WG&L has taken in about eight million dollars in utility revenues.

posted at 4:51AM by dave.miller@walb.com