ATMOS ENERGY CORP

ATMOS ENERGY CORP

Previous company name
ENERGAS CO
Name change date
10/24/1988
Company Overview
Atmos Energy Corp is an American-based company engaged in the distribution of natural gas through mains. The company was established in the year 1906 as Amarillo Gas Company by Frank and J.C. Storm to manufacture gas coal on the Texas frontier. Its corporate headquarters is located in Dallas, the third-largest city in Texas of the United States of America.
Atmos Energy is involved in regulated utility operations and nonutility businesses. It is recognized as the largest natural gas distribution company in the United States. It delivers natural gas to approximately 3.2 million customers in industrial, agricultural, commercial, public and residential sectors.
The company’s nonutility operations which include Atmos Energy Marketing, Atmos Pipeline and Storage, Atmos Energy Services, and Atmos Power Systems are recognized as the leading domestic mid-tier gas distributors, supplying natural gas to various industrial customers and municipalities in the United States. Its nonutility operations are organized under Atmos Energy Holdings.
Business Summary
Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses, as well as other non-regulated natural gas businesses. The Company distributes natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in 12 states located primarily in the South. The Company operates in four segments: natural gas distribution segment, which includes its regulated natural gas distribution and related sales operations; regulated transmission and storage segment, which includes the regulated pipeline and storage operations of its Atmos Pipeline-Texas Division; natural gas marketing segment, which includes a variety of non-regulated natural gas management services, and pipeline, storage and other segment, which is comprised of its non-regulated natural gas gathering, transmission and storage services.
Description and history
Atmos Energy Corporation (Atmos Energy) incorporated in 1983, is engaged primarily in the regulated natural gas distribution and transmission and storage businesses, as well as other non-regulated natural gas businesses. The Company distributes natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in 12 states located primarily in the South. It also operates an intrastate pipelines in Texas based on miles of pipe. Through its non-regulated businesses, Atmos Energy primarily provides natural gas management and marketing services to municipalities, other local gas distribution companies and industrial customers principally in the Midwest and Southeast and natural gas transportation along with storage services to certain of its natural gas distribution divisions and third parties. The Company operates in four segments: natural gas distribution segment, which includes its regulated natural gas distribution and related sales operations; regulated transmission and storage segment, which includes the regulated pipeline and storage operations of its Atmos Pipeline-Texas Division; natural gas marketing segment, which includes a variety of non-regulated natural gas management services, and pipeline, storage and other segment, which is comprised of its non-regulated natural gas gathering, transmission and storage services.

Natural Gas Distribution

The Company’s natural gas distribution segment consists of six regulated divisions: Atmos Energy Mid-Tex Division, Atmos Energy Kentucky/Mid-States Division, Atmos Energy Louisiana Division, Atmos Energy West Texas Division, Atmos Energy Colorado-Kansas Division and Atmos Energy Mississippi Division. Its Kentucky/Mid-States Division operates in more than 420 communities across Georgia, Illinois, Iowa, Kentucky, Missouri, Tennessee and Virginia. The service areas in these states are primarily rural; however, this division serves Franklin, Tennessee, and other suburban areas of Nashville. In Louisiana, Atmos Energy serves nearly 300 communities, including the suburban areas of New Orleans, the metropolitan area of Monroe and western Louisiana. Its West Texas Division serves approximately 80 communities in West Texas, including the Amarillo, Lubbock and Midland areas. Its Colorado-Kansas Division serves approximately 170 communities throughout Colorado and Kansas and parts of Missouri, including the cities of Olathe, Kansas, a suburb of Kansas City and Greeley, Colorado, located near Denver. In Mississippi, the Company serves about 110 communities throughout the northern half of the state, including the Jackson metropolitan area.

Regulated Transmission and Storage

Atmos Energy’s regulated transmission and storage segment consists of the regulated pipeline and storage operations of its Atmos Pipeline-Texas Division. This division transports natural gas to its Mid-Tex Division, transports natural gas for third parties and manages five underground storage reservoirs in Texas. We also provide ancillary services customary in the pipeline industry including parking arrangements, lending and sales of excess gas. Lending services provide short-term interruptible loans of natural gas from its pipeline to meet market demands.

Natural Gas Marketing

The Company’s natural gas marketing activities are conducted through Atmos Energy Marketing (AEM), which is wholly owned by Atmos Energy Holdings, Inc. (AEH). AEH is a wholly owned subsidiary of AEC and operates primarily in the Midwest and Southeast areas of the United States. AEM’s primary business is to aggregate and purchase gas supply, arrange transportation and storage logistics and deliver gas to customers.

Pipeline, Storage and Other

The Company’s pipeline, storage and other segment primarily consists of the operations of Atmos Pipeline and Storage, LLC (APS), which is wholly owned by AEH. APS is engaged in non-regulated transmission, storage and natural gas gathering services. Its primary asset is a proprietary 21 mile pipeline located in New Orleans, Louisiana. It also owns or controls additional pipeline and storage capacity including interests in underground storage fields in Kentucky and Louisiana. APS’ primary business is to provide storage and transportation services to its Louisiana and Kentucky/Mid-States regulated natural gas distribution divisions.

Established as Amarillo Gas Company by Frank and J.C. Storm to manufacture gas coal on the Texas frontier

Business Line
Engaged in the distribution of natural gas through mains
Subsidiary
ATMOS ENERGY HOLDINGS, INC.
Advisor
ERNST & YOUNG LLP
IPO date
10/3/1988
US SIC Code
4924
Company Address
Three Lincoln Centre
5430, LBJ Freeway
City province or state postal code
75240, DALLAS, TX
Phone: +1 972 934 9227
Fax: +1 972 855 3040
Country address: UNITED STATES OF AMERICA
Website url: www.atmosenergy.com