-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, W1bqTR2E7LVivn9R3eHp5TlWOc4hod5zkxcGew0N9fx3Tq/eQp8901JGs+59RJwQ dsLXzBKeAEzjBqthVnMx7Q== 0001004155-08-000002.txt : 20080102 0001004155-08-000002.hdr.sgml : 20080101 20080102135238 ACCESSION NUMBER: 0001004155-08-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071231 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080102 DATE AS OF CHANGE: 20080102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGL RESOURCES INC CENTRAL INDEX KEY: 0001004155 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 582210952 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14174 FILM NUMBER: 08501059 BUSINESS ADDRESS: STREET 1: TEN PEACHTREE PLACE CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: 4045844000 MAIL ADDRESS: STREET 1: TEN PEACHTREE PLACE STREET 2: DEPT. 1109 CITY: ATLANTA STATE: GA ZIP: 30309 8-K 1 form_8-k.htm FORM 8-K form_8-k.htm


 
 

 

UNITED STATES
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): December 31, 2007
     
     
AGL RESOURCES INC.
(Exact name of registrant as specified in its charter)
     
Georgia
                       1-14174
58-2210952
(State or other jurisdiction of incorporation)
                            (Commission File No.)
(I.R.S. Employer Identification No.)
     
     
Ten Peachtree Place NE, Atlanta, Georgia 30309
(Address and zip code of principal executive offices)
     
     
404-584-4000
(Registrant's telephone number, including area code)
     
     
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy  the filing obligation of the registrant under any of the following provisions:
 
¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 

 


Item 8.01                       Other Events.

On December 31, 2007, Golden Triangle Storage, Inc., (Golden Triangle) a subsidiary of AGL Resources Inc., received an order from the Federal Energy Regulatory Commission (FERC) granting it a Certificate of Public Convenience and Necessity to construct and operate its proposed underground natural gas storage project as well as approving market-based rates for the services it will provide. The project is located in the Spindletop salt dome on the southern edge of Beaumont in Jefferson County, Texas. A copy of Golden Triangle’s press release announcing such information is attached as Exhibit 99.1 hereto and incorporated by reference herein.  
 

Item 9.01                      Financial Statements and Exhibits.

(d)         Exhibit

Exhibit No.
Description
   
99.1
Press release dated January 2, 2008, announcing Golden Triangle’s receipt of an order from the FERC.
 



 
 

 


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)
 
 
Date:  January 2, 2008
/s/ Andrew W. Evans
 
Andrew W. Evans
Executive Vice President and Chief Financial Officer


 
 

 

EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1 exhibit_99-1.htm


 
 
 

 
AGL Resources’ Golden Triangle Storage project receives FERC certificate

BEAUMONT, Texas, Jan. 2, 2008 – Golden Triangle Storage, Inc., a wholly-owned subsidiary of AGL Resources [NYSE ATG], received an order on Dec. 31, 2007, from the Federal Energy Regulatory Commission (FERC) granting it a Certificate of Public Convenience and Necessity to construct and operate its proposed underground natural gas storage project as well as approving market-based rates for the services it will provide. The project is located in the Spindletop salt dome on the southern edge of Beaumont in Jefferson County, Texas.

The company plans to initially offer up to 12 billion cubic feet (Bcf) of working gas storage capacity in two caverns and, depending on market demand, could gradually enlarge the two caverns’ capacity up to 16 Bcf of working gas in the future. Approximately one-third of the initial capacity of the first cavern is under contract for firm storage services. Golden Triangle Storage also will build a nearly nine-mile natural gas pipeline heading northeast from the storage site into Orange County to connect the storage facility with three interstate and three intrastate pipelines.

“We have seen tremendous market interest in the project. During our open season we received bids for approximately three and a half times the 6.0 Bcf working gas capacity of the first cavern. More storage in the area is critical given the increasing importance of the Beaumont region as an energy crossroad where new natural gas supplies, including LNG imports, meet the nation’s pipeline network that delivers gas to market,” said Dana Grams, president of Pivotal Energy Development, the division of AGL Resources overseeing the Golden Triangle Storage project. “The FERC certificate is a significant milestone in the project’s development.”
 
Initial commercial operations are slated to begin in late 2010 to early 2011, with the second cavern coming online in 2013.  The company is in the process of securing additional permits in order to commence construction in March or April 2008. It already has placed orders for long-lead time equipment, and has issued RFPs to contractors for initial phase construction services.


Project details can be found on the company’s Web site at www.goldentrianglestorage-texas.com. A copy of the certificate is available on the FERC Web site at www.ferc.gov, docket number CP07-414.
 
About AGL Resources
AGL Resources (NYSE: ATG), an Atlanta-based energy services company, serves more than 2.2 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout North America. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com.

Forward-Looking Statements
Certain expectations and projections regarding our future performance referenced in this press release are forward-looking statements. Forward-looking statements involve matters that are not historical facts and because these statements involve anticipated events or conditions, forward-looking statements often include words such as "anticipate," "assume," "can," "could," "estimate," "expect," "forecast," “future,” "indicate," "intend," "may," “outlook,” "plan," "predict," "project,” "seek," "should," "target," "will," "would," or similar expressions. These forward-looking statements may include statements regarding the cost, timing, capacity and benefits of the proposed project, as well as anticipated future financial and operating performance and results, including estimates of future growth and expected returns. Our expectations are not guarantees and are based on currently available competitive, financial and economic data along with our operating plans. While we believe our expectations are reasonable in view of the currently available information, our expectations are subject to future events, risks and uncertainties, and there are several factors - many beyond our control - that could cause results to differ significantly from our expectations.

Such events, risks and uncertainties include, but are not limited to, changes in price, supply and demand for natural gas and related products;  the impact of changes in state and federal legislation and regulation; actions taken by government agencies on rates and other matters; the inability of the company to obtain regulatory and other approvals necessary to complete the proposed project, resulting in a delay in project completion, or in the imposition of conditions that could have a material adverse effect on the company or cause the company to abandon the project; actions by competitors, suppliers, customers or others that might result in a delay in project completion or abandonment of the project; and other factors which are provided in detail in our filings with the Securities and Exchange Commission, which we incorporate by reference in this press release.  Forward-looking statements are only as of the date they are made, and we do not undertake to update these statements to reflect subsequent changes.

###


Contact:Jack Holt,
24-Hour Media Line: 1-866-757-6646
Office: 404-584-4255
Cell:  404-217-0284
jholt@aglresources.com




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