Atmos Energy 2005 Annual Report Download - page 2

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a฀year฀of฀INTEGR ATION฀and฀
u npr ecedented฀GROW T H฀
In฀a฀year฀of฀many฀notable฀successes,฀our฀acquisition฀฀
of฀TXU฀Gas฀stands฀out.฀Overnight,฀our฀customer฀base฀
and฀pipeline฀and฀storage฀capacity฀doubled,฀and฀our฀
company฀became฀a฀subject฀of฀greater฀interest฀in฀our฀
industry฀and฀the฀markets.฀When฀we฀accomplished฀฀
the฀TXU฀Gas฀integration฀both฀swiftly฀and฀efficiently,฀
some฀observers฀reacted฀with฀surprise.฀But฀we฀weren’t฀
surprised.฀We’ve฀always฀had฀great฀confidence฀in฀the฀people฀
who฀make฀Atmos฀Energy฀work.฀In฀this฀year’s฀annual฀
report,฀we฀describe฀our฀expanded฀company฀and฀some฀
of฀the฀elements฀that,฀together,฀create฀our฀success.฀฀
Our฀shape฀changed฀significantly฀in฀2005.฀But฀our฀passion฀
and฀values—the฀values฀that฀have฀built฀Atmos฀Energy—
remained฀as฀strong฀as฀ever.
฀ 2 ฀ f ina nc ia l ฀h ig hl ig hts
฀ 3 ฀ l et t er ฀t o ฀s ha r e ho l de rs
฀ 16 ฀ ope r at io ns ฀r e v iew
฀ 2 0 ฀ fi na nci a l ฀r e v i ew
฀ 2 8฀฀ at mo s฀e ne rg y฀of f ic er s
฀ 3 0 ฀฀ b oa r d ฀of ฀di r ec tor s
฀i bc ฀฀ c or p or at e ฀i n for m at ion
On฀the฀cover:฀Working฀together,฀Troy฀Duncan,฀Mike฀฀
McCann฀and฀their฀fellow฀employees฀made฀fiscal฀2005฀a฀year฀฀
of฀unprecedented฀growth฀and฀success฀for฀Atmos฀Energy.
At฀right:฀Overseen฀by฀Project฀Manager฀Mark฀Patterson,฀฀
the฀North฀Side฀Loop฀project฀is฀stockpiled฀with฀30-inch฀฀
pipe฀on฀a฀10-acre฀site฀in฀Denton฀County,฀Texas.฀The฀฀
loop’s฀initial฀capacity฀of฀220,000฀million฀Btu฀per฀day฀can฀฀
be฀more฀than฀doubled฀to฀500,000฀million฀Btu฀per฀day.