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US Propane NEWS RELEASE USPropane
P.O. Box 650205
Dallas, Texas 75265-0205
972-855-3766
FOR IMMEDIATE RELEASE
Exhibit 99.1
Contacts:
US Propane Investor/Media Contact:
Larry Dagley 972.855.3766
AGL Resources Investor Contact:
Melanie Platt 404.584.3420
Joe Heffron 404.584.3427
AGL Resources Media Contact:
Nick Gold 404.584.3457
Atmos Energy Investor Contact:
Lynn Hord 972.855.3729
Atmos Energy Media Contact:
Randy Hicks 972.855.3720
Piedmont Natural Gas Investor Contact:
Headen Thomas 704.364.3483
Ext. 6438
Piedmont Natural Gas Media Contact:
Steve Conner 704.364.3483
Ext. 6205
TECO Energy Investor Contact:
Mark Tubb 813.228.1772
TECO Energy Media Contact:
Laura Plumb 813.228.1572
US PROPANE COMPLETES MERGER WITH HERITAGE PROPANE PARTNERS
Dallas, Texas -- August 10, 2000 -- US Propane today announced that it has
completed a merger of its operations with Heritage Propane Partners, LP (NYSE:
HPG). The merger creates the fourth-largest retail propane distributor in the
United States, serving more than 480,000 customers in 28 states.
The merger was accomplished through a series of transactions. US Propane was
formed combining the propane holdings of four companies: AGL Resources (NYSE:
ATG), Atmos Energy Corporation (NYSE: ATO), Piedmont Natural Gas Company, Inc.
(NYSE: PNY) and TECO Energy, Inc. (NYSE: TE).
US Propane contributed all of its assets to the Heritage Partnership in exchange
for a combination of cash and partnership interests. US Propane also
simultaneously agreed to purchase Heritage Holdings, Inc., the general partner
of Heritage Propane Partners.
"This successful series of transactions combined four small propane companies
into a regional operation, and then transformed that regional operation to one
of the top retail providers in the nation," said Heritage Holdings, Inc. Chief
Financial Officer Larry J. Dagley, formerly Chief Operating Officer for US
Propane.
For individual US Propane venturer information, visit online: AGL Resources
(www.aglresources.com), Atmos Energy (www.atmosenergy.com), Piedmont Natural Gas
Company (www.piedmontng.com), TECO Energy, Inc. (www.tecoenergy.com).
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