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
AGL RESOURCES INC.
and
ATLANTA GAS LIGHT COMPANY
(Name of Company)
hereby file with the Securities and Exchange Commission, pursuant to Rule 2,
their respective statements claiming exemption as holding companies from the
provisions of the Public Utility Holding Company Act of 1935, and submit the
following information:
AGL RESOURCES INC.
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.
AGL Resources Inc.("AGLR") is a Georgia corporation incorporated on November 27,
1995 and has its principal executive offices at 303 Peachtree Street, Atlanta,
Georgia 30308.
AGLR was incorporated primarily for the purpose of becoming the holding company
for Atlanta Gas Light Company ("AGLC"), a natural gas distribution utility, and
its subsidiaries.
AGLR has five wholly-owned subsidiaries, each of which are Georgia corporations:
(a) AGLC, a regulated public utility, which distributes natural gas to
customers in central, northwest, northeast and southeast Georgia. AGLC
has one regulated natural gas utility subsidiary, Chattanooga Gas
Company ("Chattanooga"), a Tennessee corporation, which operates a
natural gas distribution system in the cities of Chattanooga and
Cleveland, Tennessee and surrounding areas.
(b) AGL Energy Services, Inc. ("AGL Energy Services"), a nonregulated gas
supply services company. AGL Energy Services has one nonregulated
subsidiary, Georgia Gas Company,
<PAGE>
a Georgia corporation, which has minor interests in natural gas
production activities;
(c) AGL Investments, Inc. ("AGL Investments"), a nonregulated subsidiary,
established to develop and manage certain nonregulated businesses. AGL
Investments has six nonregulated subsidiaries, each of which is a
Georgia corporation:
(1) Georgia Gas Service Company (retail propane sales);
(2) Georgia Energy Company (natural gas vehicle conversion services);
(3) AGL Consumer Services, Inc. (consumer products and services);
(4) AGL Gas Marketing, Inc. (natural gas sales, transportation, risk
management and storage services);
(5) AGL Power Services, Inc. (power marketing and related services)
(6) Trustees Investments, Inc. (real estate holdings);
(d) AGL Resources Service Company ("Service Company"), a nonregulated
subsidiary that provides corporate support services to AGL Resources
and its subsidiaries; and
(e) The Energy Spring, Inc., a nonregulated retail energy marketing
company.
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.
AGLR's properties consist primarily of the utility properties of AGLC.
AGLC's properties consist primarily of natural gas distribution systems and
related facilities and local offices serving 235 cities and surrounding areas in
the State of Georgia. As of December 31, 1996, the Company had 28,051 miles of
mains, 5,952,000 Mcf. of liquefied natural gas ("LNG") storage capacity in three
LNG plants located in Georgia and 269,160 gallons of liquefied petroleum gas
storage capacity in one peak shaving plant located in Georgia. AGLC's
wholly-owned subsidiary, Chattanooga, operates a natural gas distribution system
and related facilities and local offices in 12 cities and surrounding areas in
the State of Tennessee. As of December 31, 1996, Chattanooga had 1,607 miles of
mains and 1,076,000 Mcf. of LNG storage capacity in its one LNG plant located in
Tennessee.
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.
<PAGE>
Claimant Subsidiary
AGL Resources Inc. Atlanta Gas Light Company
(including Chattanooga Gas Company)
None 203,796,838 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
(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.
NA Purchased at State Line
or at City Gate
Metering Stations
in Georgia or Tennessee
4,183,625 Mcf.
Purchased outside the Purchased outside the
State of Georgia States of Georgia and
Tennessee
204,460,089 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.
NA None
<PAGE>
(b) Name of each system company that holds an interest in 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
(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
ATLANTA GAS LIGHT COMPANY
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 ("AGLC") is a Georgia corporation organized in 1856
and has its principal executive office at 303 Peachtree Street, Atlanta, Georgia
30308.
AGLC's principal business is the distribution of natural gas to customers in
central, northwest, northeast and southeast Georgia.
AGLC has one wholly-owned subsidiary, Chattanooga, which operates a natural gas
distribution system in the cities of Chattanooga and Cleveland, Tennessee and
surrounding areas.
<PAGE>
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 AGLC:
AGLC's properties consist primarily of natural gas distribution systems
and related facilities and local offices serving 235 cities and
surrounding areas in the State of Georgia. As of December 31, 1996, the
Company had 28,051 miles of mains and 5,952,000 Mcf. of liquefied
natural gas ("LNG") storage capacity in three LNG plants and 80,748
gallons of liquefied petroleum gas storage capacity in one peak shaving
plant located in Georgia to supplement the gas supply in very cold
weather or emergencies.
(b) Description of properties of Chattanooga:
Chattanooga operates a natural gas distribution system and related
facilities and local offices serving 12 cities and surrounding areas in
the State of Tennessee. As of December 31, 1996, Chattanooga had 1,607
miles of mains and 1,076,000 Mcf. of LNG storage capacity in its one
LNG plant located in Tennessee.
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
186,169,023 Mcf. 17,627,815 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
(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
<PAGE>
(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
4,183,625 Mcf. None
Purchased outside the Purchased outside the
State of Georgia State of Tennessee
187,818,450 Mcf 16,641,639 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 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
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.
None None
<PAGE>
(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
<PAGE>
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.
AGL RESOURCES INC.
The following financial statements of AGLR and its subsidiary companies
are attached hereto as Exhibit A1:
Condensed Consolidating Income Statements (Unaudited) for the Twelve
Months Ended December 31, 1996
Condensed Consolidating Earnings Reinvested Statements (Unaudited) for
the Twelve Months Ended December 31, 1996
Condensed Consolidated Balance Sheets (Unaudited) as of December 31,
1996
ATLANTA GAS LIGHT COMPANY
The following financial statements of AGLC and its subsidiary companies
are attached hereto as Exhibit A2:
Condensed Consolidating Income Statements (Unaudited) for the Twelve
Months Ended December 31, 1996
Condensed Consolidating Earnings Reinvested Statements (Unaudited) for
the Twelve Months Ended December 31, 1996
Condensed Consolidated Balance Sheets (Unaudited) as of December 31,
1996
<PAGE>
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
<PAGE>
EXHIBIT C
An organizational chart showing the relationship of each EWG or foreign
utility company to associate companies in the holding-company system.
None
<PAGE>
The above-named claimants have caused this statement to be duly
executed on its behalf by its authorized officer on this 27th day of February,
1997.
AGL RESOURCES INC.
and
ATLANTA GAS LIGHT COMPANY
(Name of Claimant)
By: /s/ J. Michael Riley
J. Michael Riley
Vice President and
Chief Financial Officer
CORPORATE SEAL of AGL RESOURCES INC. appears here
CORPORATE SEAL of ATLANTA GAS LIGHT COMPANY appears here
Attest: /s/ Melanie M. Platt
Melanie M. Platt
Vice President and
Corporate Secretary
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
J. Michael Riley Vice President and Chief Financial Officer
(Name) (Title)
P.O. Box 4569, Atlanta, Georgia 30302
(Address)
<PAGE>
AGL RESOURCES INC. AND SUBSIDIARIES
Condensed Consolidating Income Statements (Unaudited)
For the Twelve Months Ended December 31, 1996
(Millions)
<TABLE>
<CAPTION>
Reclassifications
and
Atlanta AGL The Eliminations
AGL Resources Gas AGL Energy AGL Resources Energy ------------
before Light Services, Investments, Service Spring, Consolidated
consolidation Company Inc. Inc. Company Inc. Debit Credit Balances
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues $1,253.7 $2.6 $6.4 $8.3 6.5 $1,277.5
Cost of Gas 748.9 1.7 4.1 8.0 4.2 766.9
------------------------------------------------------------------- -------------
Operating Margin 0.0 504.8 0.9 2.3 0.0 0.3 510.6
------------------------------------------------------------------- -------------
Other Operating Expenses 1.1 339.4 0.7 3.9 (0.5) 0.5 0.1 345.2
------------------------------------------------------------------- -------------
Operating Income (1.1) 165.4 0.2 (1.6) 0.5 (0.2) 165.4
------------------------------------------------------------------- -------------
Other Income (0.3) 12.2 0.2 1.9 1.0 1.9 0.1 13.2
------------------------------------------------------------------- -------------
Income Before Interest and Taxes (1.4) 177.6 0.4 0.3 1.5 (0.2) 178.6
------------------------------------------------------------------- -------------
Interest Expense 49.9 49.9
Dividends on Preferred Stock 4.4 4.4
------------------------------------------------------------------- -------------
Income Before Income Taxes (1.4) 123.3 0.4 0.3 1.5 (0.2) 124.3
------------------------------------------------------------------- -------------
Income Taxes (0.7) 48.0 0.2 (0.1) 0.6 (0.1) 0.3 48.2
------------------------------------------------------------------- -------------
Net Income (0.7) 75.3 0.2 0.4 0.9 (0.1) 76.1
=================================================================== =============
</TABLE>
Exhibit A1
Page 1 of 4
<PAGE>
AGL RESOURCES INC. AND SUBSIDIARIES
Condensed Consolidating Earnings Reinvested Statements (Unaudited)
For the Twelve Months Ended December 31, 1996
(Millions)
<TABLE>
<CAPTION>
Reclassifications
and
Atlanta AGL The Eliminations
AGL Resources Gas AGL Energy AGL Resources Energy ------------
before Light Services, Investments, Service Spring, Consolidated
consolidation Company Inc. Inc. Company Inc. Debit Credit Balances
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Earnings Reinvested at Beginning
of Period $136.8 $136.8
Net Income (0.7) 75.3 0.2 0.4 0.9 (0.1) 0.1 76.1
----------------------------------------------------------------- ------------
Total (0.7) 212.1 0.2 0.4 0.9 (0.1) 212.9
----------------------------------------------------------------- ------------
Dividends
Common Stock 59.1 59.1
Noncash Dividend 85.0 85.0 0.0
----------------------------------------------------------------- ------------
Total 0.0 144.1 0.0 0.0 0.0 0.0 59.1
---------------------------------------------------------------------------------------------
Earnings Reinvested at End of Period ($0.7) $68.0 $0.2 $0.4 $0.9 ($0.1) 0.0 85.1 $153.8
=============================================================================================
</TABLE>
Page 2 of 4
<PAGE>
AGL RESOURCES INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets (Unaudited)
as of December 31, 1996
(Millions)
<TABLE>
<CAPTION>
Reclassifications
and
Atlanta AGL The Eliminations
AGL Resources Gas AGL Energy AGL Resources Energy ------------
before Light Services, Investments, Service Spring, Consolidated
consolidation Company Inc. Inc. Company Inc. Debit Credit Balances
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Current Assets
Cash $1.2 ($0.1) $1.1
Receivables-Net 214.9 2.3 1.8 (1.8) 5.7 0.6 222.3
Receivables from Assoc. Companies 10.1 9.7 0.6 0.8 26.4 47.6
Inventories
Natural Gas Stored Underground 113.1 113.1
Liquefied Natural Gas 17.4 17.4
Materials and Supplies 6.1 0.2 0.2 6.5
Other 2.8 2.8
Deferred Purchased Gas Adjustment 31.4 31.4
Other 2.6 7.2 0.2 10.0
---------------------------------------------------------------- -------------
Total Current Assets 12.7 399.8 2.9 6.8 25.0 5.6 404.6
---------------------------------------------------------------- -------------
Property, Plant and Equipment
Utility Plant 1,982.7 1,982.7
Less Accumulated Depreciation 615.8 615.8
---------------------------------------------------------------- -------------
Utility Plant-Net 1,366.9 1,366.9
---------------------------------------------------------------- -------------
Nonutility Property 441.2 5.2 48.6 69.8 0.1 0.2 477.1 88.0
Less Accumulated Depreciation 0.2 1.8 4.1 20.9 27.0
---------------------------------------------------------------- -------------
Nonutility Property - Net 441.0 3.4 44.5 48.9 0.1 61.0
---------------------------------------------------------------- -------------
Total Property, Plant and
Equipment - Net 441.0 1,366.9 3.4 44.5 48.9 0.1 1,427.9
---------------------------------------------------------------- -------------
Deferred Debits and Other Assets
Unrecovered Environmental Response
Costs 40.7 40.7
Investment in Joint Ventures 36.4 36.4
Other (0.2) 46.3 0.9 0.5 0.2 0.9 46.8
---------------------------------------------------------------- -------------
Total Deferred Debits (0.2) 87.0 0.9 0.5 0.2 123.9
---------------------------------------------------------------- -------------
Total $453.5 $1,853.7 $7.2 $51.8 $74.1 $5.7 $1,956.4
================================================================ =============
</TABLE>
Page 3 of 4
<PAGE>
AGL RESOURCES INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets (Unaudited) (Continued)
as of December 31, 1996
(Millions)
<TABLE>
<CAPTION>
Reclassifications
and
Atlanta AGL The Eliminations
AGL Resources Gas AGL Energy AGL Resources Energy ------------
before Light Services, Investments, Service Spring, Consolidated
consolidation Company Inc. Inc. Company Inc. Debit Credit Balances
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Current Liabilities
Short-Term Debt $188.8 $188.8
Accounts Payable 100.9 1.7 4.6 (0.7) 4.4 2.2 108.7
Accounts Payable to Assoc. Companies 4.8 0.8 1.2 24.0 0.3 31.1
Customer Deposits 29.9 29.9
Interest 18.3 0.1 18.4
Other (0.6) 53.7 1.3 1.8 1.0 57.2
---------------------------------------------------------------- -------------
Total Current Liabilities 4.2 391.6 2.5 7.1 25.1 5.7 403.0
---------------------------------------------------------------- -------------
Accumulated Deferred Income Taxes 0.1 175.3 0.0 2.7 9.2 16.0 171.3
---------------------------------------------------------------- -------------
Long-Term Liabilities
Accrued Pension Costs 6.6 6.6
Accrued Postretirement Benefits Costs 34.5 34.5
Accrued Environmental Response Costs 31.3 31.3
Deferred Credits 60.4 60.4
---------------------------------------------------------------- -------------
Total Long-Term Liabilities 132.8 132.8
---------------------------------------------------------------- -------------
Capitalization
Long-Term Debt 584.5 0.1 0.1 584.5
Preferred Stock 58.5 58.5
Equity Investment from Parent 4.5 41.6 38.9 85.0 0.0
Common Stock 279.3 276.8 276.8 279.3
Premium on Capital Stock 170.6 166.2 163.6 173.2
Earnings Reinvested (0.7) 68.0 0.2 0.4 0.9 (0.1) 85.1 153.8
---------------------------------------------------------------- -------------
Total Common Stock Equity 449.2 511.0 4.7 42.0 39.8 (0.1) 606.3
---------------------------------------------------------------- -------------
Total Capitalization 449.2 1,154.0 4.7 42.0 39.8 0.0 1,249.3
---------------------------------------------------------------- -------------
Total $453.5 $1,853.7 $7.2 $51.8 $74.1 $5.7 $1,956.4
================================================================ =============
</TABLE>
Page 4 of 4
<PAGE>
<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Income Statements (Unaudited)
For the Twelve Months Ended December 31, 1996
(Millions)
Reclassifications and
Atlanta Gas Eliminations
Light Company ---------------------
Before Chattanooga Consolidated
Consolidation Gas Company Debit Credit Balances
--------------------------- ----- ------ ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues $1,165.9 $87.8 $1,253.7
Cost of Gas 692.3 56.6 748.9
--------------------------- ------------
Operating Margin 473.6 31.2 504.8
--------------------------- ------------
Other Operating Expenses:
Operating Expenses 316.4 22.7 0.3 339.4
--------------------------- ------------
Total Other Operating Expenses 316.4 22.7 339.4
Income Taxes 48.0 2.4 7.1 43.3
--------------------------- ------------
Operating Income 109.2 6.1 122.1
--------------------------- ------------
Other Income:
Other Income and Deductions 20.4 (0.2) 8.3 0.3 12.2
Income Taxes 4.7 (4.7)
--------------------------- ------------
Other Income - Net 20.4 (0.2) 7.5
--------------------------- ------------
Income Before Interest Charges 129.6 5.9 129.6
Interest Charges 49.9 1.6 1.6 49.9
--------------------------- ------------
Net Income 79.7 4.3 13.3 9.0 79.7
Dividends on Preferred Stock 4.4 4.4
--------------------------- ------------
Earnings Applicable to Common Stock $75.3 $4.3 $75.3
=========================== ============
</TABLE>
Exhibit A2
Page 1 of 4
<PAGE>
<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Earnings Reinvested Statements (Unaudited)
For the Twelve Months Ended December 31, 1996
(Millions)
Reclassifications and
Atlanta Gas Eliminations
Light Company ---------------------
Before Chattanooga Consolidated
Consolidation Gas Company Debit Credit Balances
--------------------------- ----- ------ ------------
<S> <C> <C> <C> <C> <C>
Earnings Reinvested at Beginning of Period $136.8 $27.7 27.7 $136.8
Net Income 79.7 4.3 13.3 9.0 79.7
--------------------------- ------------
Total 216.5 32.0 216.5
--------------------------- ------------
Dividends
Preferred Stock 4.4 4.4
Common Stock 59.1 59.1
Noncash Dividend 85.0 85.0
--------------------------- ------------
Total 148.5 0.0 148.5
---------------------------------------------------------------
Earnings Reinvested at End of Period $68.0 $32.0 41.0 9.0 $68.0
===============================================================
</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Balance Sheets (Unaudited)
as of December 31, 1996
(Millions)
Reclassifications and
Atlanta Gas Eliminations
Light Company ---------------------
Before Chattanooga Consolidated
Consolidation Gas Company Debit Credit Balances
--------------------------- ----- ------ ------------
<S> <C> <C> <C> <C> <C>
Utility Plant $1,842.4 $144.1 3.8 $1,982.7
Less Accumulated Depreciation 571.0 45.1 0.3 615.8
--------------------------- ------------
Utility Plant-Net 1,271.4 99.0 1,366.9
--------------------------- ------------
Other Property and Investments (less
accumulated depreciation) 97.0 97.0 0.0
--------------------------- ------------
Current Assets
Cash 8.9 (1.7) 0.4 7.6 0.0
Receivables-Net 230.5 18.1 4.1 37.8 214.9
Receivables from Assoc. Companies 37.0 0.9 16.0 44.2 9.7
Inventories
Natural Gas Stored Underground 107.5 5.6 113.1
Liquefied Natural Gas 14.1 2.3 1.0 17.4
Materials and Supplies 5.8 0.3 6.1
Deferred Purchased Gas Adjustment 30.7 0.7 31.4
Other 6.4 0.7 0.8 0.7 7.2
--------------------------- ------------
Total Current Assets 440.9 26.2 399.8
--------------------------- ------------
Deferred Debits
Unrecovered Environmental Response
Costs 39.8 2.7 1.8 40.7
Other 27.6 0.8 17.9 46.3
--------------------------- ------------
Total Deferred Debits 67.4 0.8 87.0
--------------------------- ------------
Total $1,876.7 $126.0 $1,853.7
=========================== ============
</TABLE>
Page 3 of 4
<PAGE>
<TABLE>
<CAPTION>
ATLANTA GAS LIGHT COMPANY AND SUBSIDIARIES
Condensed Consolidating Balance Sheets (Unaudited) (Continued)
as of December 31, 1996
(Millions)
Reclassifications and
Atlanta Gas Eliminations
Light Company ---------------------
Before Chattanooga Consolidated
Consolidation Gas Company Debit Credit Balances
--------------------------- ----- ------ ------------
<S> <C> <C> <C> <C> <C>
Capitalization:
Common Stock $276.8 $276.8
Premium on Capital Stock 166.2 166.2
Earnings Reinvested 68.0 32.0 41.0 9.0 68.0
--------------------------- ------------
Total Common Stock Equity 511.0 32.0 511.0
--------------------------- ------------
Preferred Stock 58.5 58.5
Long-Term Debt 584.5 35.3 35.3 584.5
--------------------------- ------------
Total Capitalization 1,154.0 67.3 1,154.0
--------------------------- ------------
Current Liabilities
Short-Term Debt 188.8 28.9 28.9 188.8
Accounts Payable 120.0 12.3 31.8 0.4 100.9
Accounts Payable to Assoc. Companies 36.6 37.5 0.9 0.0
Customer Deposits 27.9 2.0 29.9
Interest 17.7 0.7 0.1 18.3
Other 37.5 8.1 0.7 8.8 53.7
--------------------------- ------------
Total Current Liabilities 428.5 52.0 391.6
--------------------------- ------------
Long-Term Liabilities
Payable to AGL Resources - Accrued
Pension Costs 6.6 6.6
Payable to AGL Resources - Accrued
Postretirement Benefits Costs 33.1 1.4 34.5
Accrued Environmental Response Costs 30.4 1.8 2.7 31.3
Deferred Credits 49.9 1.0 9.5 19.0 60.4
--------------------------- ------------
Total Long-Term Liabilities 120.0 1.0 132.8
--------------------------- ------------
Accumulated Deferred Income Taxes 174.2 4.1 19.0 16.0 175.3
--------------------------- ------------
Contributions in aid of construction 1.6 1.6 0.0
--------------------------- ------------
Total $1,876.7 $126.0 $1,853.7
=========================== ============
</TABLE>
Page 4 of 4
<PAGE>
[TYPE] EX-27
[DESCRIPTION] OPUR3 FDS FOR FORM U-3A-2
[ARTICLE] OPUR3
[NAME] AGL RESOURCES INC.
[MULTIPLIER] 1,000,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] SEP-30-1997
[PERIOD-START] JAN-01-1996
[PERIOD-END] DEC-31-1996
[BOOK-VALUE] PER-BOOK
[TOTAL-ASSETS] 1956
[TOTAL-OPERATING-REVENUES] 1278
[NET-INCOME] 80
</TABLE>
<PAGE>
[TYPE] EX-27
[DESCRIPTION] OPUR3 FDS FOR FORM U-3A-2
[ARTICLE] OPUR3
[NAME] ATLANTA GAS LIGHT COMPANY
[MULTIPLIER] 1,000,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] SEP-30-1997
[PERIOD-START] JAN-01-1996
[PERIOD-END] DEC-31-1996
[BOOK-VALUE] PER-BOOK
[TOTAL-ASSETS] 1854
[TOTAL-OPERATING-REVENUES] 1254
[NET-INCOME] 80
</TABLE>
