WASHINGTON GAS LIGHT CO
424B3, 1995-02-28
NATURAL GAS DISTRIBUTION
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<PAGE>   1
                                                Rule 424(b)(3)
                                                Registration No.  33-57039

PRICING SUPPLEMENT NO. 1, Dated February 28, 1995
To Prospectus Dated January 27, 1995 and Prospectus
Supplement dated February 14, 1995

                                      
                         WASHINGTON GAS LIGHT COMPANY
                         MEDIUM-TERM NOTES, SERIES C
                   DUE ONE YEAR OR MORE FROM DATE OF ISSUE

Principal Amount:  $5,000,000    /x/ Fixed Rate Note    / / Floating Rate Note
                  ------------   
Issue Price (as a percentage of  /x/ Book Entry Note    / / Certificated Note
  principal amount):  100%
                     -------

Original Issue Date:  March 6, 1995

Maturity Date:  March 6, 2025

/ / The Offered Notes cannot be redeemed prior to maturity.

/x/ The Offered Notes may be redeemed prior to maturity.

Applicable Only to Fixed Rate Notes:

        Interest Rate:  7.76%
                       -------

        Interest Payment Dates:  March 15 and September 15

Applicable Only to Floating Rate Notes:

        Base Rate:                        Maximum Interest Rate:
        / / Commercial Paper Rate                                  -------------
        / / LIBOR                         Minimum Interest Rate:
        / / Treasury Rate                                          -------------
                                          Interest Reset Dates:
                                                                   -------------
                                          Interest Reset Period:
                                                                   -------------
                                          Interest Payment Dates:
                                                                   -------------
                                          Interest Payment Period:
                                                                   -------------
  Initial Interest Rate: 
                          ----------
         Index Maturity:
                          ----------
 Spread (plus or minus):
                          ----------
      Spread Multiplier:
                          ----------

Additional Terms:

        THE OFFERED NOTES WILL MATURE AT 100% OF THE PRINCIPAL AMOUNT ON MARCH
6, 2025 OR, AT THE ELECTION OF THE HOLDER THEREOF, ON MARCH 7, 2005.  IF THE
HOLDER DESIRES THAT ALL OR ANY PORTION OF THE OFFERED NOTES (IN A MULTIPLE OF
$100,000) REGISTERED IN HIS NAME MATURE ON MARCH 7, 2005, HE, OR HIS AUTHORIZED
ATTORNEY, MUST DELIVER TO THE TRUSTEE, AND THE TRUSTEE MUST RECEIVE, WRITTEN
NOTICE NO EARLIER THAN JANUARY 6, 2005, AND NO LATER THAN FEBRUARY 5, 2005, THAT
SUCH HOLDER ELECTS THAT THE OFFERED NOTES SPECIFIED THEREIN MATURE ON MARCH 7,
2005.  THE NOTICE MUST EITHER BE DELIVERED OR SENT BY REGISTERED MAIL TO THE
TRUSTEE AND, ONCE GIVEN, SHALL BE IRREVOCABLE.  AT THE PRESENT TIME, THE
ADDRESS OF THE TRUSTEE IS:  THE BANK OF NEW YORK; 101 BARCLAY STREET-21W, NEW
YORK, NEW YORK 10286, ATTENTION:  CORPORATE TRUST ADMINISTRATION.  TIME OF
RECEIPT OF SUCH NOTICE SHALL GOVERN AND NOTICE RECEIVED OTHER THAN WITHIN THE
PERIOD SPECIFIED ABOVE SHALL BE INEFFECTIVE.  NEITHER THE COMPANY NOR THE
TRUSTEE IS REQUIRED TO PROVIDE FURTHER NOTICE TO NOTEHOLDERS OF THE TIME
AND METHOD FOR ELECTION OF EARLY MATURITY.
        THE OFFERED NOTES ARE REDEEMABLE UPON THIRTY DAYS' NOTICE AT ANY TIME
ON OR AFTER MARCH 7, 2005, IN WHOLE OR IN PART, AT THE ELECTION OF THE COMPANY
AT 100% OF THE PRINCIPAL AMOUNT THEREOF, TOGETHER IN EACH CASE WITH ACCRUED
INTEREST TO THE REDEMPTION DATE.  THE OFFERED NOTES ARE NOT REDEEMABLE BY THE
COMPANY PRIOR TO MARCH 7, 2005.


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