Washington Gas cuts loss

A recent Washington Business Journal article states Washington Gas was able to lower its quarterly losses by almost $6 million. Here's a quote from the article:

The D.C.-based parent of Washington Gas & Light reported a fiscal third quarter net loss of $1.8 million, or 4 cents per share, compared with a net loss of $8.2 million, or 17 cents per share in the same quarter a year ago. WGL typically reports losses in the summer quarters because of lower seasonal demand for natural gas.