Atmos Energy 2000 Annual Report Download - page 22

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18
........
Acquisition of Louisiana
Gas Service Company
Announced
In April 2000, Atmos announced that it
would acquire the assets of Louisiana Gas Service
Company, or LGS, and Louisiana
Natural Gas Company, or LGSN,
from Citizens Communications Com-
pany. The acquisition will make Atmos
the largest natural gas distribution
company in Louisiana.The transaction
is expected to be completed in 2001,
subject to regulatory approval.
LGS serves approximately
279,000 meters and its service
territories include two of the fastest
growing parishes in the state.The
acquisition of LGS is a positive one
for Atmos for a number of reasons
including the existence of a success-
ful and profitable non-utility business
operation, the opportunity to in-
crease efficiency through the use of
technology and the proximity of the
LGS operations to Atmos’ existing
Trans Louisiana operations.
LOUISIANA GAS SERVICE ............
Growing Through Acquisitions