2.2.0.7 false Preferred Stock 0207 - Disclosure - Preferred Stock true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Preferred Stock [Abstract] 0 us-gaap_RedeemablePreferredStockAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 PREFERRED STOCK 1 us-gaap_ScheduleOfRedeemablePreferredStockTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div style="margin-left: 0%"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 13pt; font-family: Arial, Helvetica; color: #000000; background: transparent; text-align: left"> <tr> <td width="10%"></td> <td width="90%"></td> </tr> <tr valign="top"> <td> <b><font style="font-family: Arial, Helvetica">NOTE 7. </font></b> </td> <td> <b><font style="font-family: Arial, Helvetica">PREFERRED STOCK</font></b> </td> </tr> </table> <div style="font-size: 3pt; margin-left: 0%; width: 99%; align: left; border-bottom: 1pt solid #000000"> </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> Washington Gas has three series of cumulative preferred stock outstanding, and each series is subject to redemption by Washington Gas. All three series have a dividend preference that prohibits Washington Gas from declaring and paying dividends on shares of its common stock unless dividends on all outstanding shares of the preferred stock have been fully paid for all past quarterly dividend periods. In addition, all outstanding shares of preferred stock have a preference as to the amounts that would be distributed in the event of a liquidation or dissolution of Washington Gas. The following table presents this information, as well as call prices for each preferred stock series outstanding. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <table border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent; text-align: left">  <tr style="font-size: 1pt" valign="bottom"> <td width="18%"> </td> <td width="10%"> </td> <td width="5%" align="right"> </td> <td width="1%" align="right"> </td> <td width="5%" align="left"> </td> <td width="10%"> </td> <td width="5%" align="right"> </td> <td width="1%" align="right"> </td> <td width="5%" align="left"> </td> <td width="10%"> </td> <td width="4%" align="right"> </td> <td width="1%" align="right"> </td> <td width="4%" align="left"> </td> <td width="10%"> </td> <td width="4%" align="right"> </td> <td width="1%" align="right"> </td> <td width="4%" align="left"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr>   <tr style="font-size: 10pt" valign="bottom" align="center"> <td colspan="17" nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <b>Preferred Stock</b> </td> <td>   </td> <td nowrap="nowrap" align="center" valign="bottom">   </td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center" valign="bottom"> <font style="font-size: 10pt">Preferred<br /> </font> </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom">   </td> <td>   </td> <td colspan="7" nowrap="nowrap" align="center" valign="bottom"> <font style="font-size: 10pt">Liquidation Preference<br /> </font> </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="center" valign="bottom">   </td> </tr> <tr style="font-size: 10pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center" valign="bottom"> Series<br /> </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom"> Shares<br /> </td> <td>   </td> <td colspan="7" nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> Per Share </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom"> Call Price<br /> </td> <td>   </td> <td nowrap="nowrap" align="center" valign="bottom">   </td> </tr> <tr style="font-size: 10pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center" valign="bottom"> Outstanding </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom"> Outstanding </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom"> Involuntary </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom"> Voluntary </td> <td>   </td> <td colspan="3" nowrap="nowrap" align="center" valign="bottom"> Per Share </td> <td>   </td> <td nowrap="nowrap" align="center" valign="bottom">   </td> </tr> <tr style="font-size: 1pt" valign="bottom" align="center"> <td colspan="19" nowrap="nowrap" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">   </td> </tr> <tr style="line-height: 3pt; font-size: 1pt"> <td>  </td> </tr>  <tr valign="bottom" style="background: #cceeff"> <td nowrap="nowrap" align="center" valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt"> $4.80 </div> </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> 150,000 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 100 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 101 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 101 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="top">   </td> </tr> <tr valign="bottom"> <td nowrap="nowrap" align="center" valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt"> $4.25 </div> </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> 70,600 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 100 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 105 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 105 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="top">   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td nowrap="nowrap" align="center" valign="bottom"> <div style="text-indent: -10pt; margin-left: 10pt"> $5.00 </div> </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> 60,000 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 100 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 102 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="right" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 102 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="top">   </td> </tr> <tr valign="bottom" style="font-size: 2pt"> <td colspan="19" valign="bottom"> <div style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"> </div> <div style="font-size: 1pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"> </div> </td> </tr> </table> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </div> </div>  <!-- Begin Block Tagged Note false false false us-types:textBlockItemType textblock Disclosure of capital stock of an entity that has priority and preferential rights over common stock in the distribution of dividends and in the event of liquidation of the entity, in addition to other types of preferences. This schedule describes redeemable preferred stock and applies to preferred stock and convertible preferred stock. Does not include preferred stock that are mandatorily redeemable for assets of the entity or represent an unconditional obligation that will be settled in a variable number of shares constituting a monetary value predominantly indexed to (a) a fixed monetary amount known at inception, (b) an amount inversely correlated with the residual value of the entity, or (c) an amount determined by reference to something other than the fair value of the issuer's stock. Includes stock that has the following features: (1) redeemable at a fixed or determinable price on a fixed or determinable date or dates; (2) redeemable at the option of the holder; or (3) has conditions for redemption which are not solely within the control of the issuer. This disclosure may include a description by series, value, shares authorized, issued and outstanding, carrying and redemption amounts, redemption price per share, dollar amount of shares subscribed but unissued, and subscriptions receivable. No authoritative reference available. false 1 2 false UnKnown UnKnown UnKnown false true