• Webcasts and Presentations
• Financial News
• Publications and Filings
• Corporate Governance
• Direct Stock Purchase Plan
• Stock Quote and Charts
• Historical Stock Information
• Research Coverage
• Contact Investor Relations
• Contact Shareholder Services

2008 Financial News | 2007 Financial News | 2006 Financial News

2007 Financial News

Atmos Energy Files to Increase Kansas Rates

DENVER, Colorado – September 14, 2007 – Atmos Energy Corporation filed today with the Kansas Corporation Commission for an overall increase of $5 million in the annual revenues of its Kansas natural gas utility operations. Atmos Energy had not filed for a rate increase since 2003.

“It has been more than four years since our Kansas operation has requested a rate increase,” said Gary Schlessman, president of Atmos Energy’s Colorado-Kansas Division. “Since that time, we have made considerable investments and our operating costs have increased.”

If approved, the average monthly bill for residential customers in Kansas will increase $3.90 per month, or 19 percent. For commercial customers, the increase in the average monthly bill will be $10, a 15 percent increase.

According to Mike DeArmond, vice president of operations in Kansas: “One of the important aspects of this rate case is the expeditious implementation of automated meter reading (AMR) as proposed in the Advanced Metering Infrastructure (AMI) tariff rider. This would allow Kansas customers to more closely and accurately monitor their consumption habits and make informed decisions that will help them conserve natural gas use, while at the same time improving meter reading accuracy and reducing meter-reading-related injuries and accidents. If this aspect of the rate case is approved, our customers will gain a very valuable tool that, coupled with other energy savings tools that are on the Atmos Energy Web site, will help them manage their energy use and allow them to immediately see the effect of their decisions.

“Another change,” said DeArmond, “includes the addition of a Gas System Reliability Surcharge (GSRS) tariff rider that is being added. This is the result of 2006 Kansas legislation that allows gas utilities to recover the costs associated with mandated safety projects and non-reimbursed facilities relocations associated with public roadway projects. No surcharge is being proposed at this time, but this will be available for future needs.”

Atmos Energy serves approximately 124,000 natural gas customers in 108 communities in Kansas.

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 non-utility 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.

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 filings with the Securities and Exchange Commission. 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, 2006, and the company’s Form 10-Q for the three and nine month periods ended June 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. Further, the company undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise.

###

Return to Top