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2008 Financial News | 2007 Financial News | 2006 Financial News

2007 Financial News

Atmos Energy Files for New Rates

OWENSBORO, Kentucky -- January 2, 2007 -- Atmos Energy Corporation’s Kentucky Division filed with the Kentucky Public Service Commission to request a change in the company’s rates for the 38 counties and approximately 173,000 homes and businesses that Atmos Energy serves across the state. This proposed rate change would increase revenues by approximately $10.4 million, or 4.6 percent. A typical monthly gas bill for a residential customer would increase approximately $3.90.

“Atmos Energy is not earning a fair return on its investment with the rates currently in effect,” said Gary Smith, vice president of regulatory affairs for the Kentucky Division. “We are proud to have avoided any changes in our distribution charges since 1999, but an adjustment is now necessary to restore and sustain an adequate return.”

Atmos Energy also proposed to include a mechanism (Customer Rate Stabilization) that is expected to provide customers with the assurance of more stable rates and the utility with more earnings stability in the future.

“At Atmos Energy, we have an unwavering commitment to provide safe, reliable natural gas service to our customers,” said John Paris, president of Atmos Energy’s Kentucky Division. “We remain one of the lowest cost providers of natural gas in the state. We are simply asking for a fair rate of return on our shareholders’ investment and timely recovery of our operating and customer service costs.”

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 storage and pipeline assets, including one of the largest intrastate natural gas pipelines in Texas. Atmos Energy is a Fortune 500 company. For more information, visit www.atmosenergy.com.

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