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ATLANTA GAS LIGHT, (ATG) Stock Research Free Stock Rating
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AGL Resources, Inc., an energy services holding company, distributes natural gas primarily in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia. The company operates in three segments: Distribution Operations, Wholesale Services, and Energy Investment. Distribution Operation segment distributes natural gas to residential and commercial customer markets. Wholesale Services segment provides transportation and storage, and wholesale marketing services. Energy Investments segment comprises investments in SouthStar Energy Services LLC, which markets natural gas and related services to retail customers primarily in Georgia; Pivotal Jefferson Island Storage & Hub, LLC, which operates a storage and hub facility in Louisiana; Virginia Gas Company that operates a pipeline and distribution company in Southwestern Virginia; and AGL Networks, LLC, which provides telecommunications conduit and dark fiber. As of December 31, 2004, the company had approximately 7.35 billion cubic feet of liquefied natural gas (LNG) storage capacity in five LNG plants located in Georgia, New Jersey, and Tennessee, as well as owned three propane storage facilities in Virginia and Georgia, which have a combined capacity of approximately 4.5 million gallons. AGL Resources is headquartered in Atlanta, Georgia.
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