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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form U-3A-2
File No. . . . . .69-348
Statement by Holding Company Claiming Exemption Under Rule
U-3A-2 from the Provisions of the Public Utility Holding Company
Act of 1935
To be Filed Annually Prior to March 1
ATLANTA GAS LIGHT COMPANY
(Name of Company)
hereby files with the Securities and 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. Name, State of organization, location and nature of business
of claimant and every subsidiary thereof, other than any exempt
wholesale generator (EWG) or foreign utility company in which
claimant directly or indirectly holds an interest.
Atlanta Gas Light Company ("claimant") is a Georgia
corporation organized in 1856 and has its principal executive
office at 303 Peachtree Street, Atlanta, Georgia 30308.
Claimant's principal business is the distribution of
natural gas to customers in central, northwest, northeast and
southeast Georgia.
The claimant has five wholly-owned subsidiaries:
(a) Chattanooga Gas Company, a Tennessee corporation
("Chattanooga Gas"), organized to operate a natural
gas distribution system in the cities of Chattanooga
and Cleveland, Tennessee and surrounding areas;
(b) Georgia Gas Company, a Georgia corporation that has
working interests in gas production activities;
(c) Trustees' Investments, Inc., a Georgia corporation
that participates in residential and small office real
estate developments;
(d) Georgia Gas Service Company, a Georgia corporation that
provides propane gas service to portions of northwest
Georgia, Hinesville, and Waycross, Georgia and Cedar
Bluff, Alabama; and
(e) Georgia Energy Company, a Georgia corporation that
provides natural gas vehicle conversion services.
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2. A brief description of the properties of claimant and each
of its subsidiary public utility companies used for the
generation, transmission, and distribution of electric energy for
sale, or for the production, transmission and distribution of
natural or manufactured gas, indicating the location of principal
generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution
facilities, including all such properties which are outside the
State in which claimant and its subsidiaries are organized and
all transmission or pipelines which deliver or receive electric
energy or gas at the borders of such State.
(a) Description of properties of claimant:
Claimant's properties consist primarily of natural gas
distribution systems and related facilities and local
offices serving 229 cities and surrounding areas in the
State of Georgia. As of December 31, 1994, the Company
had 26,510 miles of mains, 5,952,423 Mcf. of liquefied
natural gas storage capacity in three facilities
located in Cherokee County, Georgia, Riverdale, Georgia
and Macon, Georgia and liquefied petroleum gas storage
capacity of 7,092,575 gallons for use in two peak
shaving plants located within the State of Georgia that
supply propane-air gas to supplement the gas supply in
very cold weather or emergencies.
(b) Claimant's wholly-owned subsidiary, Chattanooga Gas,
operates a natural gas distribution system and related
facilities and local offices in the cities of
Chattanooga and Cleveland, Tennessee and surrounding
areas. As of December 31, 1994, Chattanooga Gas had
1,579 miles of mains and 1,076,276 Mcf. of liquefied
natural gas storage capacity in one facility located in
Chattanooga, Tennessee to supplement the gas supply in
very cold weather or emergencies.
3. The following information for the last calendar year with
respect to claimant and each of its subsidiary public utility
companies:
(a) Number of kwh. of electric energy sold (at retail or
wholesale), and Mcf. of natural or manufactured gas
distributed at retail.
Claimant Subsidiary
Atlanta Gas Light Company Chattanooga Gas Company
166,900,136 Mcf. 12,335,593 Mcf.
(b) Number of kwh. of electric energy and Mcf. of
natural or manufactured gas distributed at retail
outside the State in which each company is
organized.
NA NA
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(c) Number of kwh. of electric energy and Mcf. of natural
or manufactured gas sold at wholesale outside the
State in which each such company is organized, or at
the State line.
NA NA
(d) Number of kwh. of electric energy and Mcf. of natural
or manufactured gas purchased outside the State in
which each such company is organized or at the State
line.
Purchased at State Line Purchased at State Line
or at City Gate or at City Gate
Metering Stations Metering Stations
in Georgia in Tennessee
3,217,033 Mcf. None
Purchased outside the Purchased outside the
State of Georgia State of Tennessee
166,961,733 Mcf. 12,443,262 Mcf.
4. The following information for the reporting period with
respect to claimant and each interest it holds directly or
indirectly in an EWG or a foreign utility company, stating
monetary amounts in United States dollars:
(a) Name, location, business address and description of
the facilities used by the EWG or foreign utility
company for the generation, transmission and
distribution of electric energy for sale or for the
distribution at retail of natural or manufactured
gas.
None None
(b) Name of each system company that holds an interest in
such EWG or foreign utility company; and description
of the interest held.
None None
(c) Type and amount of capital invested, directly or
indirectly, by the holding company claiming
exemption; any direct or indirect guarantee of the
security of the EWG or foreign utility company by the
holding company claiming exemption; and any debt or
other financial obligation for which there is
recourse, directly or indirectly, to the holding
company claiming exemption or another system
company, other than the EWG or foreign utility
company.
None None
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(d) Capitalization and earnings of the EWG or foreign
utility company during the reporting period.
None None
(e) Identify any service, sales or construction
contract(s) between the EWG or foreign utility company
and a system company, and describe the services to be
rendered or goods sold and fees or revenues under
such agreement(s).
None None
EXHIBIT A
A consolidating statement of income and surplus of the claimant
and its subsidiary companies for the last calendar year, together
with a consolidating balance sheet of claimant and its subsidiary
companies as of the close of such calendar year.
The following financial statements of claimant and its
subsidiary companies are attached hereto as Exhibit A:
Condensed Consolidating Income Statements
(Unaudited) for the Twelve Months
Ended December 31, 1994
Condensed Consolidating Earnings Reinvested
Statements (Unaudited) for the Twelve
Months Ended December 31, 1994
Condensed Consolidated Balance Sheets
(Unaudited) as of December 31, 1994
The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 28th day
of February, 1995.
ATLANTA GAS LIGHT COMPANY
(Name of Claimant)
By /s/ J. Michael Riley
J. Michael Riley
Vice President
Finance & Accounting
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[Corporate Seal of Atlanta Gas Light Company Appears Here]
CORPORATE SEAL
Attest: /s/ Melanie M. Platt
Melanie McGee Platt
Corporate Secretary
Name, title, and address of officer to whom notices and
correspondence concerning this statement should be addressed:
J. Michael Riley Vice President-Finance & Accounting
(Name) (Title)
P.O. Box 4569, Atlanta, Georgia 30302
(Address)
EXHIBIT B. Financial Data Schedule
If, at the time a report on this form is filed, the
registrant is required to submit this report and any amendments
thereto electronically via EDGAR, the registrant shall furnish a
Financial Data Schedule. The Schedule shall set forth the
financial and other data specified below that are applicable to
the registrant on a consolidated basis.
Item No. Caption Heading
1 Total Assets
2 Total Operating Revenues
3 Net Income
EXHIBIT C
An organizational chart showing the relationship of each EWG
or foreign utility company to associate companies in the holding-
company system.
None
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<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Income Statements (Unaudited)
For the Twelve Months Ended December 31, 1994
(Millions)
Reclassifications and Eliminations
Atlanta Gas Light Trustees Georgia Gas
Company Before Georgia Gas Investments Service Chattanooga Consolidated
Consolidation Company Inc. GA Energy Company Gas Company Debit Credit Balances
----------------------------------------------------------------------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues $1,094.6 $72.2 $1,166.8
Cost of Gas 649.5 45.7 695.2
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Operating Margin 445.1 0.0 0.0 0.0 0.0 26.5 471.6
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Other Operating Expenses
Operating Expenses 304.5 17.5 0.2 322.2
Restructuring Costs 44.5 44.5
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Total Other Operating Expenses 349.0 17.5 366.7
Income Taxes 22.8 2.6 4.3 21.1
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Operating Income 73.3 0.0 0.0 0.0 0.0 6.4 83.8
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Other Income:
Other Income and Deductions 13.6 0.1 0.1 0.6 (0.1) 9.6 0.3 5.0
Income Taxes 1.7 (1.7)
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Other Income - Net 13.6 0.1 0.1 0.0 0.6 (0.1) 3.3
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Income Before Interest Charges 86.9 0.1 0.1 0.0 0.6 6.3 87.1
Interest Charges 48.2 1.7 1.5 48.4
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Net Income 38.7 0.1 0.1 0.0 0.6 4.6 11.5 6.1 38.7
Dividends on Preferred Stock 4.5 4.5
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Earnings Applicable to
Common Stock $34.2 $0.1 $0.1 $0.0 $0.6 $4.6 $34.2
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Exhibit A
Page 1 of 4
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<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Earnings Reinvested Statements (Unaudited)
For the Twelve Months Ended December 31, 1994
(Millions)
Reclassifications and Eliminations
Atlanta Gas Light Trustees Georgia Gas
Company Before Georgia Gas Investments Service Chattanooga Consolidated
Consolidation Company Inc. GA Energy Company Gas Company Debit Credit Balances
----------------------------------------------------------------------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Earnings Reinvested at
Beginning of Period $155.9 $14.8 ($1.2) ($0.1) $1.4 $17.1 33.3 1.3 $155.9
Net Income 38.7 0.1 0.1 0.0 0.6 4.6 11.5 6.1 38.7
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Total 194.6 14.9 (1.1) (0.1) 2.0 21.7 194.6
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Dividends
Preferred Stock 4.5 4.5
Common Stock 52.6 52.6
Expenses of Issuing
Capital Stock 0.0 0.0
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Total 57.1 0.0 0.0 0.0 0.0 0.0 57.1
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Earnings Reinvested at
End of Period $137.5 $14.9 ($1.1) ($0.1) $2.0 $21.7 44.8 7.4 $137.5
============================================================================= ============
Page 2 of 4
</TABLE>
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<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Balance Sheets (Unaudited)
as of December 31, 1994
(Millions)
Reclassifications and Eliminations
Atlanta Gas Light Trustees Georgia Gas
Company Before Georgia Gas Investments Service Chattanooga Consolidated
ASSETS Consolidation Company Inc. GA Energy Company Gas Company Debit Credit Balances
- ------ ----------------------------------------------------------------------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Utility Plant $1,721.1 $129.8 3.4 $1,847.5
Less Accumulated Depreciation 521.4 37.6 559.0
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Utility Plant-Net 1,199.7 0.0 0.0 0.0 0.0 92.2 1,288.5
Other Property and Investments(less
accumulated depreciation) 116.0 14.9 6.1 0.2 4.8 5.2 128.5 18.7
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Current Assets
Cash 0.4 2.6 0.2 3.2
Temporary Cash Investments 1.0 1.0
Receivables-Net 188.1 0.1 0.4 12.0 13.1 187.5
Inventories
Natural Gas Stored
Underground 97.8 6.1 103.9
Liquefied Petroleum Gas 3.1 0.2 3.3
Liquefied Natural Gas 14.6 2.0 0.9 17.5
Merchandise 2.9 0.2 0.1 3.2
Materials and Supplies 8.6 0.1 0.2 0.4 9.3
Other 7.9 0.7 0.2 8.4
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Total Current Assets 323.4 0.0 0.0 0.2 3.6 22.5 337.3
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Deferred Debits:
Unrecovered Environmental
Response Costs 29.4 29.4
Other Deferred Debits 35.4 (1.9) 6.1 39.6
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Total Deferred Debits 64.8 (1.9) 69.0
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Total $1,703.9 $14.9 $6.1 $0.4 $8.4 $112.8 $1,713.5
============================================================================= ============
Page 3 of 4
</TABLE>
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<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Balance Sheets (Unaudited) (Continued)
as of December 31, 1994
(Millions)
Reclassifications and Eliminations
Atlanta Gas Light Trustees Georgia Gas
CAPITALIZATION Company Before Georgia Gas Investments Service Chattanooga Consolidated
AND LIABILITIES Consolidation Company Inc. GA Energy Company Gas Company Debit Credit Balances
- --------------- ----------------------------------------------------------------------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Capitalization:
Common Stock $128.0 $128.0
Premium on Capital Stock 245.8 0.1 0.1 245.8
Earnings Reinvested 137.5 14.9 (1.1) (0.1) 2.0 21.7 38.6 1.2 137.5
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Total Common Stock Equity 511.3 14.9 (1.0) (0.1) 2.0 21.7 511.3
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Preferred Stock 58.5 58.5
Long-Term Debt 554.5 7.5 0.4 4.4 35.3 47.6 554.5
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Total Capitalization 1,124.3 14.9 6.5 0.3 6.4 57.0 1,124.3
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Current Liabilities
Redemption Requirements
on Preferred Stock 0.3 0.3
Long-Term Debt
Due Within One Year 15.0 15.0
Short-Term Debt 148.6 0.1 0.7 38.1 38.9 148.6
Accounts Payable 47.5 0.1 0.3 4.5 0.7 51.7
Deferred Purchased Gas
Adjustment 30.7 2.6 33.3
Accrued Pension Costs 20.2 20.2
Accrued Postretirement
Benefits Costs 23.0 23.0
Other 85.6 0.1 (0.1) 0.2 8.5 9.5 0.6 85.4
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Total Current Liabilities 370.9 0.0 0.1 0.1 1.2 51.1 377.5
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Accrued Environmental
Response Costs 24.1 24.1
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Deferred Credits 39.0 1.0 0.6 26.7 66.1
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Accumulated Deferred
Income Taxes 145.6 (0.5) 0.8 2.3 26.7 121.5
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Contributions in aid of construction 1.4 1.4 0.0
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Total $1,703.9 $14.9 $6.1 $0.4 $8.4 $112.8 $176.3 $176.3 $1,713.5
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Page 4 of 4
</TABLE>
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<TABLE> <S> <C>
<ARTICLE> OPUR3
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> JAN-01-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 1714
<TOTAL-OPERATING-REVENUES> 1167
<NET-INCOME> 39
</TABLE>
