-----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, CElt8aHLiI4jdjmuLGcLAJ3d/0WyPAD+OfBmehAnUgMCZaC7YrTRxgg3xcf4mc85 ki+AQqti50br4hEY2eIijg== 0001193125-07-259798.txt : 20071206 0001193125-07-259798.hdr.sgml : 20071206 20071205185705 ACCESSION NUMBER: 0001193125-07-259798 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071204 ITEM INFORMATION: Other Events FILED AS OF DATE: 20071206 DATE AS OF CHANGE: 20071205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENERGEN CORP CENTRAL INDEX KEY: 0000277595 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 630757759 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07810 FILM NUMBER: 071287820 BUSINESS ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203-2707 BUSINESS PHONE: 2053262997 MAIL ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203 FORMER COMPANY: FORMER CONFORMED NAME: ALAGASCO INC DATE OF NAME CHANGE: 19851002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALABAMA GAS CORP CENTRAL INDEX KEY: 0000003146 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 630022000 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-38960 FILM NUMBER: 071287821 BUSINESS ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD NORTH CITY: BIRMINGHAM STATE: AL ZIP: 35203 BUSINESS PHONE: 2053262742 MAIL ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD NORTH CITY: BIRMINGHAM STATE: AL ZIP: 35203 8-K 1 d8k.htm FORM 8-K Form 8-K

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

December 4, 2007

 

Commission        IRS Employer
File     State of    Identification

Number

  

Registrant

  

Incorporation

    Number
1-7810   Energen Corporation   Alabama    63-0757759
2-38960   Alabama Gas Corporation   Alabama    63-0022000

 

605 Richard Arrington Jr. Boulevard North  
Birmingham, Alabama   35203
(Address of principal executive offices)   (Zip Code)

(205) 326-2700

(Registrant’s telephone number including area code)

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 4, 2007, the Alabama Public Service Commission (APSC) approved a seven-year extension of the Rate Stabilization and Equalization (RSE) rate-setting process applicable to Alabama Gas Corporation (Alagasco), the natural gas subsidiary of Energen Corporation. Under terms of the extension, which will be detailed in a forthcoming order, the utility will continue to have the opportunity to earn a target return on average equity of 13.4 percent, within an allowed range of 13.15 percent to 13.65 percent.

Modifications to Alagasco’s RSE include a phased reduction in the equity percentage upon which the utility can earn a return from 60 percent of total capitalization to 57 percent by December 31, 2008, and to 55 percent by December 31, 2009. In addition, the APSC approved adjustments to the operations and maintenance (O&M) expense cost control measurement provision of RSE, including the following: (1) annual changes in O&M expense will be measured on an aggregate dollar basis rather than on a per customer basis; (2) annual changes in O&M expense that will be allowed without adjustment now must fall within 0.75 points (as compared with the previous 1.25 points) of the Consumer Price Index for All Urban Customers; and (3) non-recurring items and/or recurring items that fluctuate based on situations beyond Alagasco’s control may be excluded from the cost control measurement calculation.

SIGNATURES

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 thereunto duly authorized.

 

   

ENERGEN CORPORATION

ALABAMA GAS CORPORATION

December 5, 2007     By:   /s/ Charles W. Porter, Jr.
       

Charles W. Porter, Jr.

Vice President, Chief Financial Officer and Treasurer of Energen Corporation and Alabama Gas Corporation

 

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