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SECURITIES AND EXHANGE COMMISSION
Washington, D.C.
FORM U-3A-2
Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the
Provisions of the Public Utility Holding Company Act of 1935
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A.O.G. CORPORATION
hereby files with the Securities Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. A.O.G. Corporation is a corporation organized in the state of Arkansas.
A.O.G. Corporation has its principal place of business at 111 Center Street,
Little Rock Arkansas 72201. A.O.G. Corporation is a holding company which
owns one subsidiary, Arkansas Oklahoma Gas Corporation, a public utility
conducting business in the states of Arkansas and Oklahoma with its principal
place of business at 115 North 12th Street, Fort Smith, Arkansas 72901.
2. A.O.G. Corporation's public utility subsidiary, Arkansas Oklahoma Gas
Corporation, provides natural gas distribution service to approximately
46,021 customers in Arkansas and 15,557 in Oklahoma and also transports
natural gas pursuant to Federal Energy Regulatory Commission approval. All
sources of natural gas, primarily wellhead gas, are located in the states
of Arkansas and Oklahoma. All transmission lines, producing fields and gas
distribution facilities are located in the states of Arkansas and
Oklahoma. A.O.G. Corporation nor its subsidiary own or operate any
generating plants or gas manufacturing plants.
3. A.O.G. Corporation's public utility subsidiary, Arkansas Oklahoma Gas
Corporation, operated as follows in calendar year 1997:
a. Distributed 12,209,134 Mcf at 14.73 psig of natural gas at retail in
the state of Arkansas.
b. Distributed 1,954,099 Mcf at 14.73 psig of natural gas at retail in
the state of Oklahoma.
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c. Did not make any sales for resale.
d. Purchased 9,192,979 Mcf at 14.65 psig of natural gas in Arkansas.
e. Purchased 2,103,516 Mcf at 14.65 psig of natural gas in Oklahoma.
4. A.O.G. Corporation does not hold any interest in an exempt wholesale
generator (EWG) or a foreign utility company.
Attached hereto and made a part hereof as Exhibit "A" is a consolidating
statement of income and surplus and a consolidating balance sheet of the
Claimant, A.O.G. Corporation and its public utility subsidiary, Arkansas
Oklahoma Gas Corporation for 1997.
Attached hereto and made a part hereof as Exhibit "B" is a financial
data schedule reflecting total assets, total operating revenues and net
income that are applicable to the registrant on a consolidated basis.
The above-named claimant has caused this statement to be duly executed
on its behalf by its authorized officer on this 13th day of March, 1998.
A.O.G. CORPORATION
BY: /s/ Robert J. Mulson, Jr.
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Robert J. Mulson, Jr.
Vice President
CORPORATE SEAL
Attest:
/s/ Michael J. Callan
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Michael J. Callan
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Michael J. Callan--Vice President, Legal
Arkansas Oklahoma Gas Corporation
P.O. Box 17004
Fort Smith, AR 72917
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EXHIBIT A
Page 1 of 2
A.O.G. CORPORATION AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
December 31, 1997
(Dollars in Thousands)
ASSETS
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Property, plant and equipment, at cost............................................ $ 102,603
Less accumulated provisions for depreciation...................................... 37,876
Net property, plant and equipment............................................... 64,727
Investments at cost............................................................... 1,855
Current assets:
Cash and cash equivalents....................................................... 3,825
Temporary investments........................................................... 0
Notes and accounts receivable, net.............................................. 11,265
Exchange gas receivable......................................................... 700
Inventory of materials and supplies............................................. 1,570
Prepaid expenses................................................................ 1,002
Other........................................................................... 827
Total current assets.......................................................... 19,189
Other noncurrent assets:
Deferred Expenses............................................................... 198
TOTAL ASSETS.................................................................. 85,970
CAPITALIZATION AND LIABILITIES
Capitalization:
Common stock.................................................................... $ 423
Additional paid-in capital...................................................... 140
Retained earnings............................................................... 38,196
Total......................................................................... 38,759
Long term debt.................................................................... 20,203
Total capitalization.......................................................... 58,962
Current Liabilities:
Current portion of long-term debt............................................... 4,455
Accounts payable................................................................ 8,564
Customers' deposits............................................................. 1,206
Accrued liabilities............................................................. 0
Taxes other than income....................................................... 1,496
Income Taxes Due.............................................................. 108
Other......................................................................... 799
Total current liabilities..................................................... 16,627
Other noncurrent liabilities:
Customer advances for construction.............................................. 35
Deferred income taxes........................................................... 9,131
Deferred investment tax credit.................................................. 1,215
TOTAL CAPITALIZATION AND LIABLITIES........................................... 85,970
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EXHIBIT A
Page 2 of 2
A.O.G. CORPORATION AND SUBSIDIARY
CONSOLIDATED STATEMENT OF INCOME
AND RETAINED EARNINGS
For Year Ended December 31, 1997
(Dollars in Thousands)
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Operating income:
Sales.......................................................................... $ 56,335
Other.......................................................................... 1,914
58,249
Operating expenses:
Gas purchased.................................................................. 34,715
Operating, general and administrative.......................................... 10,265
Maintenance.................................................................... 1,192
Depreciation and amortization.................................................. 3,397
Taxes other than income taxes.................................................. 1,388
Income taxes................................................................... 2,072
53,029
Operating Income................................................................... 5,220
Interest expense................................................................... 1,834
Utility Income..................................................................... 3,386
Other income (expense):
Nonutility operating revenues.................................................. 752
Nonutility operating and maintenance expense................................... (194)
Dividends and interest income.................................................. 246
Income taxes................................................................... (73)
Other.......................................................................... (324)
Nonutility income.................................................................. 407
Net Income......................................................................... 3,793
Retained earnings, December 31, 1996............................................... 36,713
Dividends paid..................................................................... (2,310)
Retained earnings, December 31, 1997............................................... 38,196
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EXHIBIT B
A.O.G. CORPORATION AND SUBSIDIARY
(Dollars in Thousands)
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ITEM NO.
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1 Total Assets at December 31, 1997 $ 85,970
2 Total Operating Revenues for year ended December 31, 1997 $ 58,249
3 Net Income for year ended December 31, 1997 $ 3,793
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