Atmos Energy 2001 Annual Report Download - page 29

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23
Atmos expects its nonutility operations to provide
opportunities for future growth and earnings.
In April, we expanded these operations by
acquiring the remaining 55 percent of Woodward
Marketing, L.L.C., that Atmos did not already own.
Woodward provides natural gas marketing and
trading in 17 states to Atmos, municipalities and indus-
trial customers. A 2000 national survey ranked it as the
No. 1
U.S.
mid-tier gas marketer in customer service.
We have organized Woodward
and Atmos’ other nonutility operations
under a new subsidiary, Atmos Energy
Holdings, Inc. Its operations include a
variety of natural gas management
services, such as the acquisition and
provision of gas supplies, load fore-
casting and management, gas storage
and transportation management
services, peaking sales and balancing
services, and gas-price hedging.
Atmos has also formed Atmos Power
Systems, Inc., to build and lease small
electric power plants and related facilities.
Atmos Power Systems completed its first
project, a 20-megawatt power plant that is leased
to the Electric Department of the City of Bolivar,
Tennessee, and provides peak-demand electricity to
the Tennessee Valley Authority. Atmos Power Systems
is pursuing other similar power projects.
Pursuing New Ways
to Profitably Grow
Nonutility Earnings
Atmos Energy Louisiana Corrosion Control Technician Kenneth
Wilson is president of the Interstate 20 Economic Development
Board in Monroe, Louisiana, which works to bring new businesses
and new jobs to the area, such as this site for a shopping center
being developed by a national discount department store.
terprise