UNITED STATES | ||
SECURITIES AND EXCHANGE COMMISSION | ||
Washington, D.C. 20549 | ||
FORM 8-K | ||
CURRENT REPORT | ||
PURSUANT TO SECTION 13 OR 15(d) OF | ||
THE SECURITIES EXCHANGE ACT OF 1934 | ||
Date of Report (Date of earliest event reported): November 17, 2004 | ||
AGL RESOURCES INC. | ||
(Exact name of registrant as specified in its charter) | ||
Georgia |
1-14174 |
58-2210952 |
(State or other jurisdiction of incorporation) |
(Commission File No.) |
(I.R.S. Employer Identification No.) |
Ten Peachtree Place NE Atlanta, Georgia 30309 | ||
(Address and zip code of principal executive offices) | ||
404-584-4000 | ||
(Registrant's telephone number, including area code) | ||
Not Applicable | ||
(Former name or former address, if changed since last report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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· | a freeze of Elizabethtown Gas base rates for five years, with earnings over 11% to be shared with ratepayers in the fourth and fifth years; |
· | Sequent Energy Management (Sequent), our wholly-owned subsidiary, will serve as asset manager for Elizabethtown Gas for a three-year term for an annual fixed fee payment by Sequent to Elizabethtown Gas of $4 million. At the end of the three-year term, the asset management agreement will be subject to a competitive bid process or other procedure approved by the NJBPU; |
· | new service standards with respect to customer satisfaction, safety and reliability; |
· | payment by us of the outstanding balances due on Elizabethtown Gas $28 million refund to its ratepayers and the related $2 million penalty to the NJBPU; and |
· | a commitment to make $9 million available for the purpose of enhancing severance packages and services for certain employees located in New Jersey. |
(c) | Exhibits |
Exhibit No. |
Description |
99 |
NJBPU Order of Approval dated as of November 9, 2004 |
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AGL RESOURCES INC. | |
(Registrant)
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Date: November 23, 2004 |
/s/ Richard T. OBrien |
Executive Vice President and Chief Financial Officer |
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Exhibit No. |
Description |
99 |
NJBPU Order of Approval dated as of November 9, 2004 |
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