Atmos Energy 2001 Annual Report Download - page 24

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18
Our
Atmos completed its acquisition of the assets of
Louisiana Gas Service Company and LGS Natural
Gas Company in July 2001 to become the largest pure
natural
gas distributor in Louisiana.
The addition of about 279,000 LGS customers
also made Atmos the fifth-largest pure natural gas
utility in the country. LGS was combined with our
Trans Louisiana Gas Company to form a new business
unit, Atmos Energy Louisiana.
The integration of the two companies went very
smoothly because of the excellent teamwork by the
employees of the two companies. In addition, Atmos’
investments in advanced information technology and
financial systems helped the combination proceed
quickly. Just three days after completing the acquisition,
we successfully billed our new LGS customers through
the Atmos billing system.
Our acquisition strategy is not just to grow. It is to
grow profitably and to optimize our assets. LGS is a
good example of how we are increasing our scale and
scope and achieving this strategy. With LGS, we
added new areas with customer-growth rates higher
than in many of our other communities. LGS also is
providing additional nonutility revenues through its
pipeline and storage assets and nonutility gas sales to
industrial customers. We are proud of our record not
only of adding profitable assets like LGS, but also of
maintaining our customers’ trust and satisfaction.
Combining People
and Assets to Form
a Louisiana Leader
Atmos completed the acquisition of Louisiana Gas Service Company in July
and combined it with our Trans Louisiana Gas operations to form Atmos Energy
Louisiana. Atmos is now the largest pure natural gas distributor in Louisiana.
Shown are Anthony McGehee (left), senior construction operator who worked
for Trans La, and Roy Moss Sr. (right), service technician who was with LGS.