-----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, FiutmmgYwOMxuP5cQIzL7oSpvq+ogZ4ERZI1RhjzS5o3k7iEbvXeaeraDoz9B4F5 Sfci0y6SjRvxBuUhJBlnzw== 0000008154-97-000004.txt : 19970303 0000008154-97-000004.hdr.sgml : 19970303 ACCESSION NUMBER: 0000008154-97-000004 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970228 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLANTA GAS LIGHT CO CENTRAL INDEX KEY: 0000008154 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 580145925 STATE OF INCORPORATION: GA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00348 FILM NUMBER: 97546835 BUSINESS ADDRESS: STREET 1: 303 PEACHTREE ST NE STREET 2: ONE PEACHTREE CENTER CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045844000 MAIL ADDRESS: STREET 1: 303 PEACHTREE ST NE STREET 2: ONE PEACHTREE CENTER SUITE 5300 CITY: ATLANTA STATE: GA ZIP: 30308 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: 0930 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00348-01 FILM NUMBER: 97546836 BUSINESS ADDRESS: STREET 1: 303 PEACHTREE ST NE CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045844000 MAIL ADDRESS: STREET 1: 303 PEACHTREE ST STREET 2: STE 400 CITY: ATLANTA STATE: GA ZIP: 30308 U-3A-2 1 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, 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. 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 (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. 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 (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 (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. 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 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 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) AGL RESOURCES INC. AND SUBSIDIARIES Condensed Consolidating Income Statements (Unaudited) For the Twelve Months Ended December 31, 1996 (Millions)
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 --------------------------------------------------------------------------------------------- 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 =================================================================== =============
Exhibit A1 Page 1 of 4 AGL RESOURCES INC. AND SUBSIDIARIES Condensed Consolidating Earnings Reinvested Statements (Unaudited) For the Twelve Months Ended December 31, 1996 (Millions)
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 --------------------------------------------------------------------------------------------- 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 =============================================================================================
Page 2 of 4 AGL RESOURCES INC. AND SUBSIDIARIES Condensed Consolidating Balance Sheets (Unaudited) as of December 31, 1996 (Millions)
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 --------------------------------------------------------------------------------------------- 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 ================================================================ =============
Page 3 of 4 AGL RESOURCES INC. AND SUBSIDIARIES Condensed Consolidating Balance Sheets (Unaudited) (Continued) as of December 31, 1996 (Millions)
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 --------------------------------------------------------------------------------------------- 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 ================================================================ =============
Page 4 of 4
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 --------------------------- ----- ------ ------------ 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 =========================== ============
Exhibit A2 Page 1 of 4
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 --------------------------- ----- ------ ------------ 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 ===============================================================
Page 2 of 4
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 --------------------------- ----- ------ ------------ 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 =========================== ============
Page 3 of 4
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 --------------------------- ----- ------ ------------ 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 =========================== ============
Page 4 of 4 [TYPE] EX-27 [DESCRIPTION] OPUR3 FDS FOR FORM U-3A-2 [ARTICLE] OPUR3 [NAME] AGL RESOURCES INC. [MULTIPLIER] 1,000,000 [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
[TYPE] EX-27 [DESCRIPTION] OPUR3 FDS FOR FORM U-3A-2 [ARTICLE] OPUR3 [NAME] ATLANTA GAS LIGHT COMPANY [MULTIPLIER] 1,000,000 [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
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