Atmos Energy 2000 Annual Report Download - page 18

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14
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14
this partnership should result in increased quarterly
cash flow, a decrease in our dependency on weathe
r
and allow us to maximize the value of our propane
assets by becoming part of a larger national
organization
.
Woodward Marketing LLC
Woodward Marketing LLC’s contribution to
Atmos pre-tax earnings was $7.3 million in 2000,
compared to $7.2 million in 1999. Atmos currently
owns a 45 percent equity interest in Woodward and
announced in August 2000 that it will acquire the
remaining 55 percent equity interest. In addition to
Atmos, the natural gas services company, headquar-
tered in Houston,Texas, serves industrial customers,
municipalities and natural gas utilities in the Southeast,
Midwest and in California.
Enermart Energy
Services Trust
The seasonal nature of natural gas sales for
heating usually makes warm weather months unprofit-
able for most natural gas utilities. However, through
Enermart Energy Services,Atmos serves agricultural
and industrial customers in West Texas during the
spring and summer months. Enermart’s revenues
increased by approximately 76 percent in 2000 and
were $67.2 million compared to $38.2 million in 1999.
Industrial customers include feedlots and cotton
gins, as well as other non-agricultural large natural
gas users. Enermart’s agricultural operations include
supplying natural gas to West
Texas farmers for powering
irrigation pumps. Enermart
also promotes new natural
gas technologies, such as gas-
powered electric generators.
Atmos Energy
Services, Inc.
Each day, more than one
million customers rely on
Atmos
to provide them with safe and dependable
natural gas service. As an extension of that service,
Atmos is offering its customers an array of optional
services and products through Atmos Energy
Services, Inc.
Atmos is partnering with mass-marketing
experts to offer customers home protect
ion
services and memberships in a discount buying club.
Customers who purchase products through the
Company receive the added convenience of paying
only one bill since the cost of selected products and
services is included with the monthly gas bill.
Natural Gas Storage
Atmos owns 11 non-regulated underground
gas storage facilities in Kansas and Kentucky with
a total storage capacity of approximately 21 Bcf. In
fiscal 2000, storage contributed $1.4 million to net
income, compared to $1.3 million in 1999.
WOODWARD
MARKETING
.............
Expanding Our Non-Utility Operations