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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): February 16, 2000
AGL RESOURCES INC.
(Exact Name of Registrant as Specified in Charter)
Georgia 1-14174 58-2210952
(State or Other Jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
817 West Peachtree Street, NW, 10th Floor, Atlanta, Georgia 30308
(Address of Principal Executive Offices) (Zip Code)
(404) 584-9470
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
See the press release attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
Exhibit
Number Description
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99.1 Press Release, dated February 16, 2000
2
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AGL RESOURCES INC.
(Registrant)
/s/ Donald P. Weinstein
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Donald P. Weinstein
Senior Vice President and
Chief Financial Officer
Date: February 16, 2000
3
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release, dated February 16, 2000
4
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[LOGO OF AGL RESOURCES]
Exhibit 99.1
FOR IMMEDIATE RELEASE
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INVESTOR CONTACT: Melanie Platt: 404-584-3420
Joe Heffron: 404-584-3427
MEDIA CONTACT: Nick Gold: 404-584-3457
AGL RESOURCES PARTNERS WITH THREE COMPANIES TO CREATE US PROPANE
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One of the top ten in nation propane operations
ATLANTA, GEORGIA, February 16, 2000 -- AGL Resources Inc. (NYSE: ATG) announced
today that it will participate in a joint venture to combine its propane
operations with the propane operations of Atmos Energy Corporation (NYSE: ATO),
Dallas, TX; Piedmont Natural Gas Company (NYSE: PNY), Charlotte, NC; and TECO
Energy (NYSE: TE), Tampa, FL. The combined entity, which will be called US
Propane, will be among the 10 largest propane retailers in the nation with
approximately 200,000 customers and operations in Alabama, Georgia, South
Carolina, Florida, Kentucky, North Carolina and Tennessee. The transaction is
subject to regulatory approval for one of the proposed venturers and other
customary conditions. The transaction is expected to be completed by May 1.
"This new business partnership for AGL Resources provides us with an important
opportunity for our propane division to broaden its market strength as well as
achieve its three primary goals: growth for the business unit, enhancing
customer service and improving profitability overall," said Walter M. Higgins,
Chairman and CEO, AGL Resources. "This is a win-win new business venture for all
four companies. Not only will shareholders benefit through the increased size of
the new company; customers will ultimately be the big winners."
A nationwide search for the company's chief executive officer and chief
financial officer is currently underway. It is anticipated that the company's
headquarters will be located in Nashville, Tennessee.
This press release contains forward-looking statements, which are subject to
inherent uncertainties in predicting future results and conditions. Certain
factors that could cause actual results to differ materially from those
projected in these forward-looking statements include the ability to: complete
successfully the joint venture transaction; integrate effectively the different
operations; recruit qualified personnel, including a CEO; compete successfully
against established national and regional propane operations; and effect the
transactions that will contribute to the growth of the business.
AGL Resources Inc. of Atlanta, Georgia, is a regional energy holding company
with operations in the Southeast. Atlanta Gas Light Company, the largest natural
gas distributor in the Southeast and the company's primary subsidiary, provides
delivery service to 1.5 million customers in Georgia and Chattanooga, Tennessee.
Although natural gas distribution is AGL Resources' core business, it also is
engaged in other energy-related businesses, including retail energy marketing
and customer care services for energy marketers.
