Atmos Energy 2001 Annual Report Download - page 5

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Our vision for Atmos
is to be one of the largest
providers of natural gas distribution and related services
in the United States, a producer of superior financial
results, recognized for excellent customer service and an
employer of choice.
Our strategy
is to deliver superior shareholder
value, manage utility operations exceptionally well,
expand through acquisitions and profitably grow our
nonutility operations.
During fiscal 2001
➤
We combined our existing gas
utility operations in Louisiana with a major acquisition
to form Atmos Energy Louisiana, the state’s largest pure
gas utility; we also announced plans to grow further by
acquiring the largest pure gas utility in Mississippi.
➤
In
our nonutility operations, we acquired full ownership of
Woodward Marketing, launched a new venture to build
small electric power plants, purchased two gas marketing
companies and agreed to purchase a major gas storage
field in Kentucky. ➤All five of our natural gas distribution
utilities delivered expanded customer service during one
of the coldest winters in history and in the face of record-
high gas prices; we also reduced our operation and main-
tenance expense to below the level in 1998, concluded
three rate cases to add to revenues and purchased weather
insurance to mitigate risks to our earnings.