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2008 Financial News | 2007 Financial News | 2006 Financial News

2008 Financial News

Atmos Energy Subsidiary Files FERC Request for Louisiana Gas Storage Facility

DALLAS, Texas -- February 5, 2008 -- Atmos Energy Corporation (NYSE: ATO) announced today that Atmos Pipeline and Storage, LLC, which is owned by Atmos Energy Holdings, Inc., a wholly-owned subsidiary of Atmos Energy, has submitted a pre-filing request with the Federal Energy Regulatory Commission (FERC) to construct and operate a salt-cavern gas storage project in Franklin Parish, Louisiana.

The proposed development would initially create three 5 billion cubic feet (Bcf) caverns for a total of 15 Bcf of working gas storage, with six-turn injection and withdrawal capabilities. Pending regulatory approval, the first cavern is projected to go into operation by early 2011, with the other two caverns in operation by 2012 and 2014. Based on market demand, four additional storage caverns could potentially be developed.

The storage site is located near Fort Necessity in Franklin Parish, Louisiana, which is approximately one mile from Tennessee Gas Pipeline’s 30-inch, 800 Leg and Columbia Gulf’s two 30-inch and 36-inch mainlines and approximately eight miles from ANR Pipeline’s two 30-inch and 36-inch mainlines. Additionally, it is about six miles from Regency Energy Partners’ 30-inch Winnsboro Extension, which is also connected to various other interstate pipelines, including Texas Gas, Gulf South and Trunkline mainlines.

Atmos Pipeline and Storage, LLC, plans to seek market-based rates for the project as part of the FERC filing process.

Project details can be found on the company's Web site at http://atmosenergy.com/fortnecessity. Copies of the pre-filing request will be available on the FERC Web site at http://www.ferc.gov.

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,” “believe,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “objective,” “plan,” “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 and uncertainties relating to regulatory trends and decisions, 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 Annual Report on Form 10-K for the fiscal year ended September 30, 2007. 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 natural gas distribution customers in more than 1,600 communities in 12 states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West. Atmos Energy also provides natural gas marketing and procurement services to industrial, commercial and municipal customers in 22 states and manages 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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