AGL Resources Selling Atlanta Gas Light Company's Caroline Street Campus to the Sembler Company.Business Editors ATLANTA--(BUSINESS WIRE)--May 20, 2002 Atlanta Gas Light Atlanta Gas Light Company (AGLC), commonly known as Atlanta Gas Light, is the largest natural gas wholesaler in the Southeast U.S., and is the AGL in AGL Resources. It was founded in 1856 and is headquartered in Atlanta, as is AGL Resources. Company to consolidate headquarters with parent AGL Resources AGL Resources, Inc. is a Fortune 1000, Forbes 2000 energy services holding company. Their principal business is distribution of natural gas in Florida, Georgia, Maryland, New Jersey, Tennessee and Virginia, providing gas for more than 2.2 million customers. at yet-to-be-announced facility AGL Resources Inc. (NYSE NYSE See: New York Stock Exchange : ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) today reached an agreement with The Sembler Company on the sale of Atlanta Gas Light Company's 34-acre Caroline Street campus. Atlanta Gas Light Company has operated out of the Caroline Street campus, located in the Little 5 Points area of Atlanta, since 1959. The company will consolidate its operations, currently split between several buildings, into one facility along with parent AGL Resources. The agreement with The Sembler Company is subject to finalization Writing the table of contents (TOC) on a recordable CD or DVD disc. The finalization process ensures that the disc can be played back on most CD and DVD players. See disc-at-once. of a lease agreement on a new consolidated headquarters facility. Announcement on the selection of the new headquarters facility is expected within the next several weeks. "The Caroline Street campus has been a significant part of the rich, storied history of Atlanta The city of Atlanta, Georgia has a history dating back to antebellum times. Early to 1860 The region where Atlanta and its suburbs were built was originally Creek and Cherokee Native American territory. Gas Light Company in the state of Georgia," said Dick O'Brien, executive vice president and chief financial officer. "As we turn to the newest chapter in the company's history, we look forward to re-establishing the company in the heart of the city. By consolidating our operations into one building, the company will reap the benefits of increased efficiency and a better overall working environment for our employees." Atlanta Gas Light Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AGL Resources Inc. (NYSE: ATG), is the largest natural gas distributor in the Southeast and provides delivery service to more than 1.5 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit www.atlantagaslight.com. AGL Resources Inc. (NYSE: ATG) is an Atlanta-based energy services holding company. Nearly 2 million natural gas customers are served through subsidiaries Atlanta Gas Light Company, Virginia Natural Gas and Chattanooga Gas Company. Houston-based subsidiary Sequent Energy Management provides asset management services, including the wholesale trading, marketing, gathering and transportation of natural gas. As a member of the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. AGL (programming) AGL - (Atelier de Genie Logiciel) French for IPSE. Networks, the company's telecommunications subsidiary, owns and operates a fiber optic network in Atlanta. For more information, visit www.aglresources.com. |
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