SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U5S
Annual Report
For the fiscal year ended September 30, 2001
Filed pursuant to the
Public Utility Holding Company Act of 1935
by
AGL RESOURCES INC.
817 West Peachtree Street, N.W.
Atlanta, Georgia 30308
Table of Contents
Page
Item Title Number
1 System Companies and Investments Therein as of September 30, 2001 3
2 Acquisitions or Sales of Utility Assets 4
3 Issue, Sale, Pledge, Guarantee or Assumption of System Securities 4
4 Acquisition, Redemption or Retirement of System Securities 5
5 Investments in Securities of Nonsystem Companies 5
6 Officers and Directors 5
7 Contributions and Public Relations 9
8 Service, Sales and Construction Contracts 9
9 Wholesale Generators and Foreign Utility Companies 10
10 Financial Statements and Exhibits 10
Signature 12
Item 1 - SYSTEM COMPANIES AND INVESTMENTS THEREIN AS OF SEPTEMBER 30, 2001
Name of Company (add abbreviation used herein) Number of % of Issuer Owner's
Common Shares Voting Book Book
Owned Power Value Value
AGL Resources Inc. (AGL Resources)
AGL Services Company (AGSC) 100 100% $100 $100
Atlanta Gas Light Company (AGLC) 55,352,415 100% $370,275,405 $370,275,405
AGL Rome Holdings, Inc. 100 100% $100 $100
AGL Macon Holdings, Inc. * 100 100% $100 $100
Virginia Natural Gas, Inc. (VNG) 5,273 100% $520,357,264 $520,357,264
Chattanooga Gas Company (CGC) 10,000 100% $53,171,249 $53,171,249
Cleveland Natural Gas Company + + + +
AGL Peaking Services, Inc. * 100 100% $3,474,231 $3,474,231
Etowah LNG Company, LLC * ++ ++ ++ ++
Georgia Natural Gas Company 100 100% $8,551,437 $8,551,437
SouthStar Energy Services LLC 50% joint
venture interest 33% $35,659,000 $35,659,000
AGL Investments, Inc. 1 100% $2,836,030 $2,836,030
Network Energies, LP 1% general
partner interest 1% $596 $596
Network Energies, Inc. 1,000 100% $(12,180,179) $(12,180,179)
Network Energies, LP 99% limited
partner interest 99% $58,978 $58,978
AGL Networks, LLC member interest 100% $59,574 $59,574
Sequent, LLC (Sequent) 100 100% $(12,239,158) $(12,239,158)
Sequent Energy Marketing, LP 1% general 1% $100 $100
partner interest
Sequent Energy Management, LP 1% general
partner interest 1% $29,288 $29,288
Sequent Holdings, LLC member interest 100% $2,899,566 $2,899,566
Southeastern LNG, Inc. 500 100% $540,000 $540,000
Sequent Energy, LP 99% limited
partner interest 99% $2,359,556 $2,359,556
Sequent Energy Marketing, LP 99% limited
partner interest 99% $900 $900
Georgia Gas Company * 20 100% $(2,526,378) $(2,526,378)
Peachtree Pipeline Company * 1,000 100% Not yet capitalized
AGL Propane Services, Inc. 100 100% $8,322,702 $8,322,702
US Propane, LP 22.36% limited
partner interest 25% $17,514,266 $17,514,266
AGL Energy Corporation 100 100% $9,327 $9,327
US Propane, LLC Member interest 25% $4 $4
US Propane, LP 1% general
partner interest
Retired Main, LLC Member interest 100% Not yet capitalized
AGL Consumer Services, Inc. 100 100% $(345,783) $(345,783)
Trustees Investments, Inc. 500 100% $288,347 $288,347
Customer Care Services, Inc. 700,000 100% $(96,952) $(96,952)
Utilipro International, Inc. * 100 100% Not yet capitalized
Utilipro Canada Company * 100 100% Not yet capitalized
AGL Energy Wise Services, Inc. 100 100% $540,772 $540,772
Pivotal Energy Services, Inc. * 100 100% $100 $100
Georgia Energy Company * 50 100% $459,461 $459,461
NGV Southeast Technology Center, LLC * 50% joint
venture interest 50% Not capitalized
AGL Capital Corporation 1,000 100% $565,010,000 $565,010,000
AGL Capital Trust II ** 100% $4,639,175 $4,639,175
AGL Capital Trust I ** 100% $3,096,240 $3,096,240
AGL Interstate Pipeline Company * 100 100% $100 $100
Global Energy Resources Insurance Corp. 100,000 100% $100,000 $100,000
* Inactive as of September 30, 2001.
+ As of September 30, 2001, Cleveland Natural Gas Company was incorporated
but not organized. Cleveland Natural Gas Company was dissolved October 31,
2001. ++ Investment in Etowah LNG Company, LLC was written off in fiscal
2001.
** AGL Capital Trust I and AGL Capital Trust II are Delaware statutory
business trusts established for the purpose of issuing preferred
securities.
Item 2 - ACQUISITIONS OR SALES OF UTILITY ASSETS
Pursuant to SEC Release No. 35-27243; 70-9707, Order Authorizing Acquisition of
Gas Utility, et al., AGL Resources acquired all the outstanding common stock of
VNG effective October 1, 2000.
Item 3 - ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
On February 23, 2001, AGL Resources, issued $300 million of senior notes through
AGL Capital Corporation as permitted by SEC Release No. 35-27243; 70-. The notes
mature in January 2011, have an interest rate of 7.125% and are fully and
unconditionally guaranteed by AGL Resources.
On May 14, 2001, AGL Resources issued $150 million in principal amount of trust
preferred securities through AGL Capital Trust II as permitted by SEC Release
No. 35-27243; 70-9707. The securities mature on May 15, 2041, pay quarterly cash
distributions at an annual rate of 8%, and are fully and unconditionally
guaranteed by AGL Resources.
In October 2000, as permitted by SEC Release No. 35-27243; 70-9707, AGL
Resources established a $900 million commercial paper program through AGL
Capital Corporation. In conjunction with this commercial paper program, AGL
Capital Corporation also established a $900 million back-up credit facility. On
October 6, 2000, AGL Resources issued $660 million in commercial paper, the
proceeds of which were used primarily to finance the VNG acquisition. In May
2001, the back-up credit facility limit was reduced to $450 million following
the issuance of the above-referenced senior notes and trust preferred
securities. AGL Resources' short-term debt balance was $303.4 million as of
September 30, 2001 with $146.6 million available for borrowing under the
commercial paper program. The weighted average interest rate on short-term debt
outstanding was 6.0% for the 12-month period ended September 30, 2001.
Item 4 - ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES
In February 2001, Atlanta Gas Light Company retired, with cash, upon maturity,
$20 million in 8.90% Series A medium-term notes.
Item 5 - INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES
None.
Item 6 - OFFICERS AND DIRECTORS
Information regarding the officers and directors of AGL Resources system
companies and investments is set forth below as of February 1, 2002. Additional
information is set forth in the Proxy Statement of AGL Resources distributed in
connection with the 2002 Annual Meeting of Shareholders and AGL Resources'
Annual Report on Form 10-K for the fiscal year ended September 30, 2001, each of
which is incorporated herein by reference. Two of the directors of AGL Resources
are also directors of financial institutions. These relationships are permitted
by the Commission's Rule 70.
------------------------------------- --------------------------------------- -----------------------------------
Name of Company Name of Officer or Director Position Held
------------------------------------- --------------------------------------- -----------------------------------
AGL Resources Inc. Paula G. Rosput Chairman, CEO & President,
Director
Susan A. McLaughlin EVP, COO
Richard T. O'Brien EVP, CFO
Kevin Madden EVP
Paul R. Shlanta SVP and General Counsel
Jeffrey Brown Associate General Counsel
Thomas L. Gleason Treasurer
Dan R. Hennig VP
Kristin M. Kamm VP and CIO
Melanie M. Platt SVP and Corporate Secretary
Gene Rosgonyi VP
Harriette Watkins VP
Elizabeth J. White VP and Controller
Otis A. Brumby, Jr. Director
Robert S. Jepson, Jr. Director
Arthur E. Johnson Director
Wyck A. Knox, Jr. Director
Dennis M. Love Director
Karen R. Osar Director
D. Raymond Riddle Director
James A. Rubright Director
Felker W. Ward, Jr. Director
------------------------------------- --------------------------------------- -----------------------------------
AGL Services Company Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Catherine Land-Waters VP
Susan A. McLaughlin Director
Richard T. O'Brien Director
------------------------------------- --------------------------------------- -----------------------------------
------------------------------------- --------------------------------------- -----------------------------------
Atlanta Gas Light Company Paula G. Rosput Chairman
Susan A. McLaughlin President & CEO, Director
Paul R. Shlanta SVP & General Counsel, Director
Melanie M. Platt SVP & Corporate Secretary,
Director
Isaac Blythers VP
Robert Foss VP
Brenda Heinrich VP
William Marchionni VP
Suzanne Sitherwood VP
Elizabeth J. White VP & Controller
Richard T. O'Brien Director
------------------------------------- --------------------------------------- -----------------------------------
AGL Rome Holdings, Inc. Susan A. McLaughlin President, Director
Paul R. Shlanta VP, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
------------------------------------- --------------------------------------- -----------------------------------
AGL Macon Holdings, Inc. Susan A. McLaughlin President, Director
Paul R. Shlanta VP, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
------------------------------------- --------------------------------------- -----------------------------------
Virginia Natural Gas, Inc. Paula G. Rosput Chairman
Susan A. McLaughlin CEO
Henry P. Linginfelter President, Director
Ralph Cleveland VP
Thomas L. Gleason Treasurer
Jeffrey L. Huston Assistant Treasurer
Melanie M. Platt Corporate Secretary
Elizabeth J. White VP & Controller
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Chattanooga Gas Company Susan A. McLaughlin President & CEO
Isaac Blythers EVP & General Manager
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary, Director
Elizabeth J. White VP & Controller
Richard T. O'Brien Director
Paula G. Rosput Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
AGL Peaking Services, Inc. Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Georgia Natural Gas Company Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt VP & Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
SouthStar Energy Services, LLC
------------------------------------- --------------------------------------- -----------------------------------
AGL Investments, Inc. Paula G. Rosput President
Richard T. O'Brien CFO, Director
Melanie M. Platt Corporate Secretary
Thomas L. Gleason Treasurer
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
------------------------------------- --------------------------------------- -----------------------------------
Network Energies, LP
------------------------------------- --------------------------------------- -----------------------------------
Network Energies, Inc. Paul R. Shlanta President, Director
Thomas L. Gleason VP
Gwen Martini Treasurer, Director
Melanie M. Platt Corporate Secretary
Robert W. Grier Assistant Treasurer, Director
David R. Hancock Assistant Corporate Secretary
------------------------------------- --------------------------------------- -----------------------------------
AGL Networks, LLC Paula G. Rosput President, Executive Committee
R. Eric Martinez SVP
Gordon Stark SVP
William Peeples VP
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Executive Committee
Paul R. Shlanta Executive Committee
------------------------------------- --------------------------------------- -----------------------------------
Sequent, LLC Richard J. Duszynski President & CEO
Kenneth J. Stockel VP and Corporate Secretary
Claude Straub SVP
Dana A. Grams VP
George B.Grey VP
Todd Sattler VP
William H. Novak VP
------------------------------------- --------------------------------------- -----------------------------------
Sequent Energy Marketing, LP Richard J. Duszynski President & CEO
Kenneth J. Stockel VP and Corporate Secretary
Claude Straub SVP
Dana A. Grams VP
George B.Grey VP
Todd Sattler VP
William H. Novak VP
------------------------------------- --------------------------------------- -----------------------------------
Sequent Energy Management, LP Richard J. Duszynski President & CEO
Kenneth J. Stockel VP and Corporate Secretary
Claude Straub SVP
Dana A. Grams VP
George B.Grey VP
Todd Sattler VP
William H. Novak VP
------------------------------------- --------------------------------------- -----------------------------------
Sequent Holdings, LLC Richard J. Duszynski President & CEO
Kenneth J. Stockel VP and Corporate Secretary
Claude Straub SVP
Dana A. Grams VP
George B.Grey VP
Todd Sattler VP
William H. Novak VP
------------------------------------- --------------------------------------- -----------------------------------
Southeastern LNG, Inc. Richard J. Duszynski President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary, Director
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Sequent Energy, LP Richard J. Duszynski President & CEO
Kenneth J. Stockel VP and Corporate Secretary
Claude Straub SVP
Dana A. Grams VP
George B.Grey VP
Todd Sattler VP
William H. Novak VP
------------------------------------- --------------------------------------- -----------------------------------
------------------------------------- --------------------------------------- -----------------------------------
Georgia Gas Company Paula G. Rosput President, Director
Thomas L.Gleason Treasurer
Melanie M. Platt Corporate Secretary
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Peachtree Pipeline Company Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
AGL Propane Services, Inc. Paul R. Shlanta President, Director
Melanie M. Platt VP & Corporate Secretary
Gwen Martini Assistant Corporate Secretary &
Treasurer, Director
Linda Bubacz Assistant Treasurer
Joan Dobrzynski Director
------------------------------------- --------------------------------------- -----------------------------------
U.S. Propane, LP
------------------------------------- --------------------------------------- -----------------------------------
AGL Energy Corporation Paul R. Shlanta President, Director
Melanie M. Platt VP & Corporate Secretary
Gwen Martini Treasurer, Ass't Corp. Secretary,
Director
Lisa M. Oakes Assistant Treasurer
Francis B. Jacobs, II Director
------------------------------------- --------------------------------------- -----------------------------------
U.S. Propane, LLC
------------------------------------- --------------------------------------- -----------------------------------
Retired Main, LLC Paula G. Rosput President, Director
R. Eric Martinez VP
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
AGL Consumer Services, Inc. Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Trustees Investments, Inc. Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Customer Care Services, Inc. Paula G. Rosput President, Director
Elizabeth J. White VP & Controller
Melanie M. Platt Corporate Secretary
Thomas L. Gleason VP & Treasurer
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Utilipro International, Inc. Paul R. Shlanta President, Director
Melanie M. Platt Corporate Secretary
Elizabeth J. White Treasurer
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Utilipro Canada Company Paul R. Shlanta President, Director
Melanie M. Platt Corporate Secretary
------------------------------------- --------------------------------------- -----------------------------------
AGL Energy Wise Services, Inc. Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
------------------------------------- --------------------------------------- -----------------------------------
Pivotal Energy Services, Inc. Richard Duszynski President, Director
Todd Sattler VP
Harry M Collins VP & General Counsel, and
Corporate Secretary
------------------------------------- --------------------------------------- -----------------------------------
Georgia Energy Company Paula G. Rosput President, Director
Thomas L. Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
AGL Capital Corporation Paul R. Shlanta President, Director
Thomas L. Gleason VP
Gwen Martini Treasurer, Director
Melanie M. Platt Corporate Secretary
Robert W. Grier Assistant Treasurer, Director
David R. Hancock Assistant Corporate Secretary
------------------------------------- --------------------------------------- -----------------------------------
AGL Interstate Pipeline Company Paula G. Rosput President, Director
Thomas L.Gleason Treasurer
Melanie M. Platt Corporate Secretary
Richard T. O'Brien Director
Paul R. Shlanta Director
------------------------------------- --------------------------------------- -----------------------------------
Global Energy Resources Insurance Paul R. Shlanta President, Director
Corporation Richard T. O'Brien SVP and CFO, Director
Paul Wagner VP
Codan Managements Corporate Secretary
USA Offshore Assistant Corporate Secretary
A. G. Eldridge Director
------------------------------------- --------------------------------------- -----------------------------------
Item 7 - CONTRIBUTIONS AND PUBLIC RELATIONS
(a) Payments to any political party, candidate for public office or holder of
such office, or any committee or agent therefor. AGL Resources Inc. made
nine (9) payments totaling approximately $6,000 for sponsorship of various
conferences and dinners.
(b) Payments to any citizens group or public relations counsel. AGL Resources
Inc. made one (1) payment totaling $5,000 to the Wildlife Conservancy Fund
for sponsorship of the Weekend for Wildlife excursion.
Item 8 - SERVICE, SALES AND CONSTRUCTION CONTRACTS
Transaction Serving Receiving Compensation
Company Company
Gas Supply Sequent AGSC Submitted pursuant to
Services Request for Confidential
Treatment.
Asset Management Sequent AGLC Submitted pursuant to
Agreement (formerly known Request for Confidential
as AGL Energy Treatment.
Services, Inc.)
Item 9 - WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES
Not applicable.
Item 10 - FINANCIAL STATEMENTS AND EXHIBITS
A.1 AGL Resources Annual Report to Shareholders for the fiscal year ended
September 30, 2001 is provided as Exhibit A.1 under Form SE.
A.2 AGL Resources Annual Report on Form 10-K for the fiscal year ended
September 30, 2001 is provided as Exhibit A.2 under Form SE.
A.3 AGL Resources Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 for the fiscal year ended September 30, 2001 is
provided as Exhibit A.3 under Form SE.
B Exhibit B omitted by permission of the staff.
C.1 Indenture dated as of May 21, 2001 by and among AGL Capital Corporation,
AGL Resources and The Bank of New York, as trustee (Exhibit 4.2 to the
AGL Resources Registration Statement on Form S-3, SEC File No.
333-60248).
C.2 Indenture dated February 20, 2001 by and among AGL Capital Corporation,
AGL Resources and The Bank of New York, as trustee (Exhibit 4.2 to the
AGL Resources Registration Statement on Form S-3, SEC File No.
333-53020).
C.3 Indenture dated June 11, 1997 by and between AGL Resources and The Bank
of New York, as trustee (Exhibit 4.1 to the AGL Resources Registration
Statement on Form S-4, SEC File No. 333-34483).
C.4 Indenture, dated as of December 1, 1989, between AGLC and Bankers Trust
Company, as Trustee (Exhibit 4(a), AGLC Registration Statement on Form
S-3, SEC File No. 33-32274).
D Tax Allocation Agreement (Exhibit M-1 to the AGL Resources Form U-1/A
filed with the SEC on July 31, 2000).
E.1 AGLC Annual Report on FERC Form 2 for the fiscal year ended September 30,
2000, as filed with the Georgia Public Service Commission on March 30,
2001, is provided as Exhibit E.1 under Form SE. AGLC Annual Report on
FERC Form 2 for the fiscal year ended September 30, 2001, will be filed
by amendment to this Form U5S upon completion and filing with the Georgia
Public Service Commission.
E.2 VNG Annual Report on FERC Form 2 for the fiscal year ended September 30,
2000, as filed with the Virginia State Corporation Commission on May 1,
2001, is provided as Exhibit E.2 under Form SE. VNG Annual Report on FERC
Form 2 for the fiscal year ended September 30, 2001, will be filed by
amendment to this Form U5S upon completion and filing with the Virginia
State Corporation Commission.
E.3 Annual Report of CGC for the fiscal year ended September 30, 2000, as
filed with the Tennessee Regulatory Authority on April 2, 2001, is
provided as Exhibit E.3 under Form SE. CGC Annual Report for the fiscal
year ended September 30, 2001, will be filed by amendment to this Form
U5S upon completion and filing with the Tennessee Regulatory Authority.
E.4 Chart of Accounts for AGL Resources system companies, as of September 30,
2001, pursuant to Rule 26.
F.1 AGL Resources. and Subsidiaries Consolidating Balance Sheet as of
September 30, 2001. Submitted pursuant to Request for Confidential
Treatment.
F.2 AGL Resources and Subsidiaries Utility Plant Balances as of September 30,
2001. Submitted pursuant to Request for Confidential Treatment.
F.3 AGL Resources and Subsidiaries Consolidating Statements of Income for the
fiscal year ended September 30, 2001. Submitted pursuant to Request for
Confidential Treatment.
F.4 AGL Resources and Subsidiaries Consolidating Statement of Retained
Earnings for the fiscal year ended September 30, 2001. Submitted pursuant
to Request for Confidential Treatment.
F.5 AGL Resources and Subsidiaries Consolidating Statement of Cash Flows for
the fiscal year ended September 30, 2001. Submitted pursuant to Request
for Confidential Treatment.
F.6 Independent Auditors' Consent.
G Financial data schedule is no longer required.
H Not applicable.
I Not applicable.
SIGNATURE
Each undersigned system company has duly caused this annual report to be signed
on its behalf by the undersigned thereunto duly authorized pursuant to the
requirements of the Public Utility Holding Company Act of 1935. The signature of
each undersigned company shall be deemed to relate only to matters having
reference to such company or its subsidiaries.
/s/ Richard T. O'Brien
By: Richard T. O'Brien
AGL Resources Inc.
Executive Vice President and
Chief Financial Officer
(Signature and printed name
and title of signing officer)
Date: February 12, 2002