AGL Resources, Inc. is a Fortune 1000, Forbes 2000 energy services holding company. Their principal business is distribution of natural gas in Florida, Georgia, Maryland, New Jersey, Tennessee and Virginia, providing gas for more than 2.2 million customers.
Distribution Strategy
Six utility companies provide local gas distribution to more than 2.2 million customers in Georgia, New Jersey, Virginia, Florida, Tennessee and Maryland.
Each subsidiary provides these primary services:
Maintains the gas pipeline infrastructure
Responds to and repairs gas leaks
Sells natural gas service to residential, commercial and industrial customers
Offers customer service and bills customers for gas service
Offers online customer information about natural gas and gas-fueled products
Atlanta Gas Light
Atlanta Gas Light, is the largest natural gas distributor in the Southeast, and is the AGL in AGL Resources. It was founded in 1856 and is also headquartered in Atlanta. It distributes to more than 1.6 million residential, commercial, and industrial customers in 243 communities throughout the state of Georgia.
Chattanooga Gas
Chattanooga Gas provides retail natural gas sales and transportation services to approximately 62,000 customers in Hamilton and Bradley counties in Tennessee, and is responsible for delivering more than 20 billion cubic feet (570,000,000 m3) of natural gas per year. It was founded in 1890 and is headquartered in Chattanooga, Tennessee.
Elizabethtown Gas
Elizabethtown Gas delivers service to more than 267,000 residential, business and industrial natural gas customers in New Jersey. The utility serves parts of Union, Middlesex, Sussex, Warren, Hunterdon, Morris and Mercer counties. It was founded in 1855 and is headquartered in Union, New Jersey.
[edit]Elkton Gas
Elkton Gas provides natural gas service to approximately 5,900 residential and commercial customers in the greater Elkton area of northeastern Maryland, near the Delaware border. It was founded in 1863.
Additional services include:
Maintenance and repair of heating systems and appliances
Assistance in converting to natural gas from other fuels
[edit]Florida City Gas
Florida City Gas provides natural gas service to more than 104,000 residential, commercial and industrial customers along Florida's southeastern coast. It was founded in 1946 and is headquartered in Atlanta, Georgia.
Virginia Natural Gas
Virginia Natural Gas provides natural gas service to more than 264,000 residential, commercial and industrial customers in the Hampton Roads area of southeastern Virginia. The company continues to be one of the fastest-growing natural gas distribution companies in the country. It was founded in 1850 and is headquartered in Norfolk, Virginia.
Additional services include:
Operating a 150-mile (240 km) high-pressure intrastate pipeline originating in Quantico and terminating in Williamsburg, Virginia
Operating two propane storage and vaporization facilities and a Liquefied Natural Gas (LNG) facility located in James City County and Chesapeake to supplement natural gas supplies as needed.
AGL Resources Inc., the owner of Atlanta’s natural-gas utility, agreed to buy Illinois-based Nicor Inc. for $2.4 billion in cash and stock, almost doubling the number of customers it serves.
Nicor holders will receive $21.20 in cash and 0.8382 share of AGL for each share they own, the companies said in a statement today. That values Nicor at about $53 a share, a 13 percent premium to yesterday’s share price and 22 percent more than the stock value on Dec. 1, before news of the company’s potential sale was first reported.
The transaction is the biggest for Atlanta-based AGL and the largest among U.S. gas utilities this year, according to data compiled by Bloomberg. Nicor, based in Naperville, hired JPMorgan Chase & Co. a few months ago to auction itself, people with knowledge of the matter said last week.
The price is about 2.24 times Nicor’s book value and “looks like an expensive acquisition,” said Gordon Howald, a Happauge, New York-based analyst for East Shore Partners Inc. who owns no AGL shares and today cut his rating to “neutral.” “That’s usually a harbinger of challenges.”
Under an existing agreement with Georgia utility regulators, AGL can claim half of any savings from combining the two companies, Howald said. The rest would go to customers.
Its Top Competitors are SCANA Corporation and Banco BPI S.A.
Distribution Strategy
Six utility companies provide local gas distribution to more than 2.2 million customers in Georgia, New Jersey, Virginia, Florida, Tennessee and Maryland.
Each subsidiary provides these primary services:
Maintains the gas pipeline infrastructure
Responds to and repairs gas leaks
Sells natural gas service to residential, commercial and industrial customers
Offers customer service and bills customers for gas service
Offers online customer information about natural gas and gas-fueled products
Atlanta Gas Light
Atlanta Gas Light, is the largest natural gas distributor in the Southeast, and is the AGL in AGL Resources. It was founded in 1856 and is also headquartered in Atlanta. It distributes to more than 1.6 million residential, commercial, and industrial customers in 243 communities throughout the state of Georgia.
Chattanooga Gas
Chattanooga Gas provides retail natural gas sales and transportation services to approximately 62,000 customers in Hamilton and Bradley counties in Tennessee, and is responsible for delivering more than 20 billion cubic feet (570,000,000 m3) of natural gas per year. It was founded in 1890 and is headquartered in Chattanooga, Tennessee.
Elizabethtown Gas
Elizabethtown Gas delivers service to more than 267,000 residential, business and industrial natural gas customers in New Jersey. The utility serves parts of Union, Middlesex, Sussex, Warren, Hunterdon, Morris and Mercer counties. It was founded in 1855 and is headquartered in Union, New Jersey.
[edit]Elkton Gas
Elkton Gas provides natural gas service to approximately 5,900 residential and commercial customers in the greater Elkton area of northeastern Maryland, near the Delaware border. It was founded in 1863.
Additional services include:
Maintenance and repair of heating systems and appliances
Assistance in converting to natural gas from other fuels
[edit]Florida City Gas
Florida City Gas provides natural gas service to more than 104,000 residential, commercial and industrial customers along Florida's southeastern coast. It was founded in 1946 and is headquartered in Atlanta, Georgia.
Virginia Natural Gas
Virginia Natural Gas provides natural gas service to more than 264,000 residential, commercial and industrial customers in the Hampton Roads area of southeastern Virginia. The company continues to be one of the fastest-growing natural gas distribution companies in the country. It was founded in 1850 and is headquartered in Norfolk, Virginia.
Additional services include:
Operating a 150-mile (240 km) high-pressure intrastate pipeline originating in Quantico and terminating in Williamsburg, Virginia
Operating two propane storage and vaporization facilities and a Liquefied Natural Gas (LNG) facility located in James City County and Chesapeake to supplement natural gas supplies as needed.
AGL Resources Inc., the owner of Atlanta’s natural-gas utility, agreed to buy Illinois-based Nicor Inc. for $2.4 billion in cash and stock, almost doubling the number of customers it serves.
Nicor holders will receive $21.20 in cash and 0.8382 share of AGL for each share they own, the companies said in a statement today. That values Nicor at about $53 a share, a 13 percent premium to yesterday’s share price and 22 percent more than the stock value on Dec. 1, before news of the company’s potential sale was first reported.
The transaction is the biggest for Atlanta-based AGL and the largest among U.S. gas utilities this year, according to data compiled by Bloomberg. Nicor, based in Naperville, hired JPMorgan Chase & Co. a few months ago to auction itself, people with knowledge of the matter said last week.
The price is about 2.24 times Nicor’s book value and “looks like an expensive acquisition,” said Gordon Howald, a Happauge, New York-based analyst for East Shore Partners Inc. who owns no AGL shares and today cut his rating to “neutral.” “That’s usually a harbinger of challenges.”
Under an existing agreement with Georgia utility regulators, AGL can claim half of any savings from combining the two companies, Howald said. The rest would go to customers.
Its Top Competitors are SCANA Corporation and Banco BPI S.A.
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