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AGL Resources (NYSE: AGL), a Fortune 1000 corporation, is well-positioned to be the preeminent distributor of natural gas on the East Coast, with six utilities serving
2.2 million customers. This core business is supported by related companies -- an asset management company, salt-dome storage facilities and an active business development division -- dedicated to ensuring a reliable supply of natural gas to AGL Resources' residential, commercial and industrial customers.
Over the past five years, AGL Resources has transformed its operations from a traditional regional utility company to a modern, high-performance, multi-regional energy company. During that time, the company has expanded its operations significantly through a combination of acquisitions, development activities and the implementation of technology solutions across each of its business units.
Our strategy is to continue to develop or acquire energy-related assets that will provide opportunities to leverage our business model and extract value from those assets for our shareholders. Two of the more recent examples of that strategy in action are our acquisitions in 2004 of New Jersey-based NUI Corporation, a natural gas utility with operations in four states, and Louisiana-based Jefferson Island Storage & Hub, a salt-dome, natural gas storage facility. In a relatively short period of time, we have successfully integrated both of those assets into our operations through the effective use of technology and business process improvement. In addition, both transactions have provided incremental earnings growth and have showcased AGL Resources' ability to quickly and efficiently consolidate acquisitions for the benefit of shareholders. In the months and years ahead, we expect to continue executing this strategy as opportunities arise to generate additional value and enhance the company's growth potential.
- AGL Resources ranked in Forbes Platinum 400
AGL Resources ranked by Forbes as one of the 10 Best Managed Utilities and No. 250 in the Forbes Platinum 400 in 2006 Learn More >
- 2006 Investment Outlook: Drilling Into The Numbers
AGL Resources listed in the "Where to Invest" section of Business Week as one of the Top 10 Quality Yields Read Full Story >
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