Atmos Energy Expects Lower Natural Gas Costs This Winter, Based on Current Supplies and Weather Forecasts
October 10 2006 - 4:58PM
Business Wire
Residential customers of Atmos Energy Corp. (NYSE: ATO) can expect
this winter�s heating bills to be lower if current projections for
natural gas supplies and winter weather do not change. In looking
ahead to winter, Atmos Energy also expects to have sufficient
natural gas supplies to meet the needs of customers across its
12-state service territory. �We expect to start the winter season
with lower prices than last year, thanks to the mild hurricane
season and additional natural gas in storage,� said Kim Cocklin,
Atmos Energy senior vice president of utility operations. �Lower
prices today underscore that natural gas is the country�s best
energy value and Atmos Energy is looking forward to a more normal
winter.� The federal government�s Energy Information Administration
(EIA) has issued a similar forecast for the upcoming winter. The
EIA short term energy forecast predicts natural gas expenditures
could be approximately 13 percent lower than last year for the
average U.S. household. Some regions will experience more or less
savings, depending on the weather and natural gas usage. The
National Oceanic Atmospheric Administration (NOAA) predicts this
winter will be six percent colder than last winter but still
slightly warmer than normal. New Tools To help customers manage
their utility bills, Atmos Energy has created a new Internet site,
www.ManageYourEnergyBills.com, which consolidates information about
natural gas, how to use it wisely, and how to get energy assistance
if needed. Atmos Energy also has added a new collection of energy
management tools featuring an Energy Profile, Energy Calculator,
Energy Library and an Energy Advisor. Customers can reach it at the
above Web site or by going to www.AtmosEnergy.com and clicking on
�Manage Energy Use� under the Home Service section. �The new tools
and new Web site are designed to help customers understand their
natural gas usage and how to use energy wisely throughout the
year,� added Cocklin. �Even though we�re expecting lower prices
this winter, we always want to assist our customers in conserving
energy and not only be good energy stewards but also realize lower
energy costs.� Safety Customers are encouraged to have their
natural gas furnace and appliances inspected annually to ensure
safe, reliable and efficient operations. Instead of waiting until
winter to reinstate natural gas service, customers are urged to
resume service now to avoid the rush of calls when the first cold
weather arrives. �Atmos Energy has been delivering natural gas for
more than 100 years, and natural gas continues to be the safest,
most reliable energy source,� added Cocklin. �In fact, the natural
gas delivery system has the best safety record of any energy
delivery system.� Made in America Natural gas is the most efficient
energy source for heating homes, providing hot showers, and drying
clothes. The world�s best chefs also prefer natural gas for
cooking. Moreover, in the United States, nearly all of the natural
gas used here is produced here. In fact, 97 percent of the natural
gas consumed in the U.S. is produced in North America, making us
less dependent on foreign energy sources. Billing Convenience Atmos
Energy offers several payment options for customers: 1. Budget
Billing is an easy way to even out gas bills on a year-round basis.
2. Electronic Billing notifies customers by e-mail when their bill
is ready to be viewed and allows customers to pay online. 3.
Automatic Payment is convenient and simple, automatically deducting
payments from the customer�s checking, savings or credit union
account each month. 4. Customers also can pay: A. Online at
www.AtmosEnergy.com, B. By phone with a credit card or a check, C.
In person at a payment center, or D. By mail. No Mark Up �Customers
pay the same price that Atmos Energy has already paid � and not a
penny more � for natural gas,� said Cocklin. �We buy natural gas at
wholesale prices on behalf of customers, and we recover the actual
cost of gas from our customers with no mark up. Atmos Energy makes
no profit on the cost of gas charged to customers; our earnings are
generated from the rates regulated by state agencies and local
governments.� Forward-Looking Statements The matters discussed in
this news release may contain �forward-looking statements� within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical fact included in this news
release are forward-looking statements made in good faith by the
company and are intended to qualify for the safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. When used in this news release or in any of the
company�s other documents or oral presentations, the words
�anticipate,� �believes,� �estimate,� �expects,� �forecast,�
�goal,� �intends,� �objective,� �plans,� �projection,� �seek,�
�strategy� or similar words are intended to identify
forward-looking statements. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those discussed in this news release,
including the risks relating to the acquisition of the operations
of TXU Gas, the company�s ability to continue to access the capital
markets and the other factors discussed in the company�s SEC
filings. These factors include the risks and uncertainties
discussed in the company�s Form 10-K for the fiscal year ended
September 30, 2005, and the company�s Form 10-Q for the three and
nine months ended June 30, 2006. Although the company believes
these forward-looking statements to be reasonable, there can be no
assurance that they will approximate actual experience or that the
expectations derived from them will be realized. The company
undertakes no obligation to update or revise forward-looking
statements, whether as a result of new information, future events
or otherwise. About Atmos Energy Atmos Energy Corporation,
headquartered in Dallas, is the country�s largest natural gas-only
distributor, serving about 3.2 million gas utility customers. Atmos
Energy�s utility operations serve more than 1,500 communities in 12
states from the Blue Ridge Mountains in the East to the Rocky
Mountains in the West. Atmos Energy�s nonutility operations,
organized under Atmos Energy Holdings, Inc., operate in 22 states.
They provide natural gas marketing and procurement services to
industrial, commercial and municipal customers and manage
company-owned natural gas pipeline and storage assets, including
one of the largest intrastate natural gas pipeline systems in
Texas. Atmos Energy is a Fortune 500 company. For more information,
visit www.atmosenergy.com. Residential customers of Atmos Energy
Corp. (NYSE: ATO) can expect this winter's heating bills to be
lower if current projections for natural gas supplies and winter
weather do not change. In looking ahead to winter, Atmos Energy
also expects to have sufficient natural gas supplies to meet the
needs of customers across its 12-state service territory. "We
expect to start the winter season with lower prices than last year,
thanks to the mild hurricane season and additional natural gas in
storage," said Kim Cocklin, Atmos Energy senior vice president of
utility operations. "Lower prices today underscore that natural gas
is the country's best energy value and Atmos Energy is looking
forward to a more normal winter." The federal government's Energy
Information Administration (EIA) has issued a similar forecast for
the upcoming winter. The EIA short term energy forecast predicts
natural gas expenditures could be approximately 13 percent lower
than last year for the average U.S. household. Some regions will
experience more or less savings, depending on the weather and
natural gas usage. The National Oceanic Atmospheric Administration
(NOAA) predicts this winter will be six percent colder than last
winter but still slightly warmer than normal. New Tools To help
customers manage their utility bills, Atmos Energy has created a
new Internet site, www.ManageYourEnergyBills.com, which
consolidates information about natural gas, how to use it wisely,
and how to get energy assistance if needed. Atmos Energy also has
added a new collection of energy management tools featuring an
Energy Profile, Energy Calculator, Energy Library and an Energy
Advisor. Customers can reach it at the above Web site or by going
to www.AtmosEnergy.com and clicking on "Manage Energy Use" under
the Home Service section. "The new tools and new Web site are
designed to help customers understand their natural gas usage and
how to use energy wisely throughout the year," added Cocklin. "Even
though we're expecting lower prices this winter, we always want to
assist our customers in conserving energy and not only be good
energy stewards but also realize lower energy costs." Safety
Customers are encouraged to have their natural gas furnace and
appliances inspected annually to ensure safe, reliable and
efficient operations. Instead of waiting until winter to reinstate
natural gas service, customers are urged to resume service now to
avoid the rush of calls when the first cold weather arrives. "Atmos
Energy has been delivering natural gas for more than 100 years, and
natural gas continues to be the safest, most reliable energy
source," added Cocklin. "In fact, the natural gas delivery system
has the best safety record of any energy delivery system." Made in
America Natural gas is the most efficient energy source for heating
homes, providing hot showers, and drying clothes. The world's best
chefs also prefer natural gas for cooking. Moreover, in the United
States, nearly all of the natural gas used here is produced here.
In fact, 97 percent of the natural gas consumed in the U.S. is
produced in North America, making us less dependent on foreign
energy sources. Billing Convenience Atmos Energy offers several
payment options for customers: 1. Budget Billing is an easy way to
even out gas bills on a year-round basis. 2. Electronic Billing
notifies customers by e-mail when their bill is ready to be viewed
and allows customers to pay online. 3. Automatic Payment is
convenient and simple, automatically deducting payments from the
customer's checking, savings or credit union account each month. 4.
Customers also can pay: A. Online at www.AtmosEnergy.com, B. By
phone with a credit card or a check, C. In person at a payment
center, or D. By mail. No Mark Up "Customers pay the same price
that Atmos Energy has already paid - and not a penny more - for
natural gas," said Cocklin. "We buy natural gas at wholesale prices
on behalf of customers, and we recover the actual cost of gas from
our customers with no mark up. Atmos Energy makes no profit on the
cost of gas charged to customers; our earnings are generated from
the rates regulated by state agencies and local governments."
Forward-Looking Statements The matters discussed in this news
release may contain "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements other than
statements of historical fact included in this news release are
forward-looking statements made in good faith by the company and
are intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. When used in this news release or in any of the company's
other documents or oral presentations, the words "anticipate,"
"believes," "estimate," "expects," "forecast," "goal," "intends,"
"objective," "plans," "projection," "seek," "strategy" or similar
words are intended to identify forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
discussed in this news release, including the risks relating to the
acquisition of the operations of TXU Gas, the company's ability to
continue to access the capital markets and the other factors
discussed in the company's SEC filings. These factors include the
risks and uncertainties discussed in the company's Form 10-K for
the fiscal year ended September 30, 2005, and the company's Form
10-Q for the three and nine months ended June 30, 2006. Although
the company believes these forward-looking statements to be
reasonable, there can be no assurance that they will approximate
actual experience or that the expectations derived from them will
be realized. The company undertakes no obligation to update or
revise forward-looking statements, whether as a result of new
information, future events or otherwise. About Atmos Energy Atmos
Energy Corporation, headquartered in Dallas, is the country's
largest natural gas-only distributor, serving about 3.2 million gas
utility customers. Atmos Energy's utility operations serve more
than 1,500 communities in 12 states from the Blue Ridge Mountains
in the East to the Rocky Mountains in the West. Atmos Energy's
nonutility operations, organized under Atmos Energy Holdings, Inc.,
operate in 22 states. They provide natural gas marketing and
procurement services to industrial, commercial and municipal
customers and manage company-owned natural gas pipeline and storage
assets, including one of the largest intrastate natural gas
pipeline systems in Texas. Atmos Energy is a Fortune 500 company.
For more information, visit www.atmosenergy.com.
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