ATLANTA, Jan. 26 /PRNewswire-FirstCall/ -- AGL Resources (NYSE: AGL) today announced it is offering utility-related efficiency and enhancement programs to large clients ranging from government agencies to schools and hospitals as part of the company's focus on new business development. AGL Resources will provide these services through its new AGL Energy Services program.
"The AGL Energy Services program builds on our core competencies by capitalizing on our ability to deliver cost-effective solutions and by leveraging the strong reputation that our local natural gas distribution companies enjoy in the marketplace," said Donna Peeples, vice president of Corporate Communications and Chief Marketing Officer.
"The energy-services sector is a multi-billion-dollar market, and within AGL Resources' footprint there is great opportunity to help customers improve efficiency and reduce total energy costs," Peeples said. "We are already delivering energy services to many government agencies and are now expanding our reach into other markets. Our goal is to offer products and services that meet customer needs, generate incremental revenue and deliver new customer growth."
The AGL Energy Services program will be headed by Michael Ellis, who brings two decades of energy experience to his role as director. Prior to joining the company, Ellis was president of Atlanta-based Global Energy Systems. Earlier, he served as chief operating officer at Jacoby Energy Development, Inc.; regional director for ESG; and vice president and general manager at Southern Company Energy Solutions, LLC, a wholly owned subsidiary of Southern Company.
"Mike brings a proven track record of success in the energy-services business, and we are fortunate to have his leadership as we move forward with this exciting growth opportunity for AGL Resources," Peeples said.
Energy-service companies traditionally offer solutions related to facility use of utilities such as natural gas, electricity, water and sewer. Programs typically focus on devices that use energy, including lighting systems, water fixtures, controls, HVAC and boilers.
Potential clients range from local government, state and federal government organizations – including the military – to industrials, schools and hospitals.
"The AGL Energy Services program will provide clients with demand-side energy solutions that will help them to use energy more efficiently and to reach their sustainability goals, as well as supply-side solutions that will enable them to make greater use of efficient, environmentally friendly energy sources," Ellis said.
"The beauty of energy-services projects is that they typically pay for themselves through the cost savings that they generate over time," Ellis said. "Excess savings can then be used by customers to install additional equipment or invest in other needs."
Initially, the AGL Energy Services program will focus on providing solutions to clients in Georgia, Florida, Maryland, New Jersey, Tennessee and Virginia – states where AGL Resources operates natural gas distribution companies.
"Even though we have an expansive service territory, we are not limiting our services to our footprint," Ellis said. "We plan to offer our expertise to other clients around the country."
About AGL Resources
AGL Resources (NYSE: AGL), an Atlanta-based energy services company, serves approximately 2.3 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout North America. As an 85-percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com.
Certain expectations and projections regarding our future performance referenced in this press release are forward-looking statements. Forward-looking statements involve matters that are not historical facts and because these statements involve anticipated events or conditions, forward-looking statements often include words such as "anticipate," "assume," "believe," "can," "could," "estimate," "expect," "forecast," "future," "goal," "indicate," "intend," "may," "outlook," "plan," "potential," "predict," "project," "seek," "should," "target," "would," or similar expressions. Forward-looking statements in this press release include, without limitation, the goals of our AGL Energy Services program products and services offerings and our plans to offer our AGL Energy Services program beyond our current service footprint. Our expectations are not guarantees and are based on currently available competitive, financial and economic data along with our operating plans. While we believe our expectations are reasonable in view of the currently available information, our expectations are subject to future events, risks and uncertainties, and there are factors – many beyond our control – that could cause results to differ significantly from our expectations.
Such events, risks and uncertainties include, but are not limited to, changes in price, supply and demand for natural gas and related products; the impact of changes in state and federal legislation and regulation including changes related to climate change; actions taken by government agencies on rates and other matters; the impact on cost and timeliness of construction projects by government and other approvals, development project delays, adequacy of supply of diversified vendors, and unexpected change in project costs, including the cost of funds to finance these projects; direct or indirect effects on our business, financial condition or liquidity resulting from a change in our credit ratings or the credit ratings of our counterparties or competitors; interest rate fluctuations; financial market conditions, including recent disruptions in the capital markets and lending environment and the current economic downturn; the impact of natural disasters such as hurricanes on the supply and price of natural gas; acts of war or terrorism; and other factors which are described in detail in our filings with the Securities and Exchange Commission, which we incorporate by reference in this press release. Forward-looking statements are only as of the date they are made, and we do not undertake to update these statements to reflect subsequent changes.
SOURCE AGL Resources