AGL Resources
Encyclopedia
AGL Resources, Inc. is a Fortune 1000
Fortune 1000
Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. The list is of the 1000 largest American companies, ranked on revenues alone...

, Forbes 2000 energy services holding company. Their principal business is distribution of natural gas in Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...

, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...

, Maryland
Maryland
Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...

, New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...

, Tennessee
Tennessee
Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...

 and Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...

, providing gas for more than 2.2 million customers.

Distribution operations

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
Atlanta Gas Light
Atlanta Gas Light Company , commonly still known as Atlanta Gas Light , is the largest natural gas wholesaler in the Southeast U.S., and is the "AGL" in parent company AGL Resources. It was founded in 1856 and is headquartered in Atlanta, as is AGL Resources...

, is the largest natural gas distributor
Distributor
A distributor is a device in the ignition system of an internal combustion engine that routes high voltage from the ignition coil to the spark plugs in the correct firing order. The first reliable battery operated ignition was developed by Dayton Engineering Laboratories Co. and introduced in the...

 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
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...

.

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 Gcuft of natural gas per year. It was founded in 1890 and is headquartered in Chattanooga, Tennessee
Chattanooga, Tennessee
Chattanooga is the fourth-largest city in the US state of Tennessee , with a population of 169,887. It is the seat of Hamilton County...

.

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
Union Township, Union County, New Jersey
Union is a Township in Union County, New Jersey, United States. In the 18th century, the area that is now Union was then called Connecticut Farms...

.

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

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
Hampton Roads
Hampton Roads is the name for both a body of water and the Norfolk–Virginia Beach metropolitan area which surrounds it in southeastern Virginia, United States...

 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
Norfolk, Virginia
Norfolk is an independent city in the Commonwealth of Virginia in the United States. With a population of 242,803 as of the 2010 Census, it is Virginia's second-largest city behind neighboring Virginia Beach....

.

Additional services include:
  • Operating a 150 miles (241.4 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

Sequent Energy Management

Sequent Energy Management is the company's Houston-based subsidiary primarily involved in asset optimization and energy marketing and trading. It was establish in 2001.

Sequent Energy Management provides clients in the eastern and southeastern United States ways to optimize energy programs and increase cost effectiveness from wellhead to burner-tip. Sequent offers solutions for large energy users looking to outsource their asset management activities.

Serving the needs of utilities, marketers, energy poolers, municipalities and industrials in the southern and eastern United States from Texas to New York, Sequent focuses primarily on asset management and the wholesale marketing, gathering and transporting of natural gas.

Jefferson Island Storage & Hub

Jefferson Island Storage & Hub (JISH) is a salt dome natural gas facility and is located near Erath, Louisiana
Erath, Louisiana
Erath is a town in Vermilion Parish, Louisiana, United States. The population was 2,187 at the 2000 census. It is part of the Abbeville Micropolitan Statistical Area.Erath is home of the Acadian Museum....

 (Vermillion
Vermilion Parish, Louisiana
Vermilion Parish is a parish located in the U.S. state of Louisiana. The parish seat is Abbeville. As of the 2010 census, the population was 57,999....

 and Iberia
Iberia Parish, Louisiana
Iberia Parish is a parish located in the U.S. state of Louisiana. The parish seat is New Iberia. As of 2000, the population was 73,266.Iberia Parish is part of the New Iberia Micropolitan Statistical Area as well as the Lafayette–Acadiana Combined Statistical Area.Iberia, along with...

 parishes). At JISH, two underground salt caverns are used to store gas before it is put into pipelines and sent to residential and commercial customers. These caverns have a total capacity of 9.4 billion cubic feet and connect to the Henry Hub
Henry Hub
]The Henry hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange . It is a point on the natural gas pipeline system in Erath, Louisiana...

 via the Sabine pipeline.

Liquefied natural gas (LNG)

AGL Resources owns and operates four LNG peak-shaving facilities, which supply gas at peak use times.

The largest, the Riverdale LNG plant in Riverdale, Georgia
Riverdale, Georgia
Riverdale is a city in Clayton County, Georgia, United States. The population was 12,478 at the 2000 census.-Geography:Riverdale is located at .-Demographics:...

, has storage capacity of 31,080,000 gallons or 2,560,000 million cubic feet (Mcf) of natural gas in its two tanks. Located south of Atlanta, the plant is supplied by two interstate pipelines for supply. It is connected to the Atlanta Gas Light beltline pipeline system for distribution of gas to the Atlanta market. The plant is able to deliver 400,000 Mcf/day of gas during peak send-out.

The Cherokee LNG plant, located north of Atlanta in Ball Ground, Georgia
Ball Ground, Georgia
Ball Ground is a city in Cherokee County, Georgia, United States. The population was 1433 at the 2010 census.Ball Ground is at the northernmost end of Georgia Interstate 575, north of Canton at exit 20 on I-575, and ending seven miles north at exit 27...

, has storage capacity of 25,242,957 gallons or 2,020,237 Mcf equivalent of natural gas in a single tank. The 934 acres (3.8 km²) site was designed to accommodate a second tank of equal capacity if warranted. This plant receives supply from three pipelines and can deliver an equivalent of 400,000 Mcf/day of peak send-out to AGL's Atlanta market.

AGL Resources also owns and operates an LNG plant in Macon, Georgia
Macon, Georgia
Macon is a city located in central Georgia, US. Founded at the fall line of the Ocmulgee River, it is part of the Macon metropolitan area, and the county seat of Bibb County. A small portion of the city extends into Jones County. Macon is the biggest city in central Georgia...

. This plant's single tank storage capacity is 18,900,000 gallons or the equivalent of 1,501,983 Mcf. Although the plant is capable of delivering up to 150,000 Mcf/day, the pipeline system exiting the plant can accommodate a delivery of less than half that volume, of only 70,000 Mcf/day.

In Tennessee, Chattanooga Gas, another AGL Resources subsidiary, receives peak day supplies from the company’s Chattanooga plant, which holds the equivalent of 1,186,035 Mcf. This facility is supplied by two pipelines and can deliver up to 90,000 Mcf/day to the Chattanooga Gas market.

AGL Resources, through Virginia Natural Gas (VNG), also owns some storage capacity — 752,174 Mcf equivalent — in the Columbia Natural Gas Company-operated Chesapeake LNG facility. This plant is located at the end of the Columbia pipeline that supplies VNG’s south system. To more fully utilize this contracted capacity, VNG constructed an LNG vaporization plant adjacent to its propane plant in 2002. This system is capable of adding up to 14,400 Mcf/day into the VNG system by trucking LNG from the Chesapeake plant to the vaporization plant.

Revenue

According to the Atlanta Journal-Constitution, in 2007 AGL Resources reported a $1 million drop in profits against the previous year. Its 2007 net income was $211 million compared to $212 million in 2006. The earnings per share remained the same at $2.72 per share.

Executive team

The chairman, president and CEO of AGL Resources is John W. Somerhalder, II. The executive vice president and chief financial officer of AGL Resources is Andrew W. Evans.

Corporate social responsibility

AGL Resources cites four areas of focus in its corporate social responsibility program: energy assistance, education, environmental stewardship and community enrichment.

Additionally, all of AGL Resources' 2,385 employees are welcome to participate in the company's "V-Force" program. V-Force, short for Volunteer Force, provides volunteer opportunities for employees including activities such as the walking for the March of Dimes
March of Dimes
The March of Dimes Foundation is a United States nonprofit organization that works to improve the health of mothers and babies.-Organization:...

, building houses for Habitat for Humanity and teaching students how to manage money through the Junior Achievement
Junior Achievement
Junior Achievement or JA or JA Worldwide is a non-profit youth organization that was founded in 1919 by Horace A. Moses, Theodore Vail, and senator Winthrop M. Crane. JA focuses on educating kids in K-12 about the free enterprise system...

program. Employees use a computer program that coordinates with V-Force to sign up for volunteer activities and log their volunteer hours.

External links

  • AGL Homepage
  • Annual Report
  • http://www.ajc.com/business/content/business/stories/2008/02/07/agl_0207.html
  • http://www.aglresources.com/investor/facts.aspx
  • http://findarticles.com/p/articles/mi_m0EIN/is_2004_Oct_6/ai_n6224570

Subsidiaries

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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