Company type | Public |
---|---|
Industry | Energy |
Founded | 1906 |
Headquarters | Dallas, Texas, U.S. |
Key people | J. Kevin Akers (President and CEO) Kim R Cocklin (Executive Chairman of the Board) |
Products | Natural gas |
Revenue | US$2.82 billion(2020) [1] |
US$824.1 million (2020) [2] | |
US$601.4 million (2020) [2] | |
Total assets | US$15.36 billion (2020) [2] |
Total equity | US$6.79 billion (2020) [2] |
Number of employees | 5,019 (September 2023) |
Website | atmosenergy |
Atmos Energy Corporation, headquartered in Dallas, Texas, is one of the United States' largest natural-gas-only distributors, [3] serving about three million natural gas distribution customers in over 1,400 communities in nine states [4] from the Blue Ridge Mountains in the East to the Rocky Mountains in the West.[ citation needed ]
Atmos Energy also manages company-owned natural gas pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. [5]
Atmos Energy Corporation's history dates back to 1906 in the Panhandle of Texas. Over the years, through various business combinations and mergers, the company became known as Pioneer Corporation, a large diversified West Texas energy company. In 1981, the company was incorporated and became a fully regulated natural-gas-only distributor. [6]
In 1983, Energas, the natural gas distribution division of Pioneer, was spun off and became an independent, publicly held natural gas distribution company. In October 1988, Energas changed its corporate name to Atmos Energy Corporation and its stock began trading on the New York Stock Exchange under the ticker symbol "ATO".
Atmos Energy has grown through acquisitions, its most recent acquisition was the distribution and pipeline operations of TXU Gas Company in October 2004. Today, Atmos Energy Corporation is one of the largest all-natural-gas distributors in the United States. Atmos sold the Gaffney, South Carolina operations of United Cities Gas to Piedmont Natural Gas in 2000. [7] Atmos sold its Missouri, Iowa, Illinois, and Georgia operations to Liberty Utilities in 2012 and 2013. [8]
Atmos Pipeline - Texas
Atmos Pipeline - Texas is an intrastate natural gas transmission pipeline network which is connected to three major Texas market centers at Waha, Carthage, and Katy. The Atmos Pipeline - Texas Pipeline infrastructure is located at or near existing, new and proposed gas production fields including the Barnett Shale in north Texas and the Bossier Sand in east Texas. Atmos Pipeline - Texas' system includes approximately 6,000 miles of transmission pipelines within the state of Texas. The Atmos Pipeline - Texas system transports gas to the largest local distribution company in the state of Texas along with other smaller utilities, industrial end-users, independent power plants, and other pipelines.
Gas Supply and Services
Atmos Energy Gas Supply and Planning (Gas Supply) acquires the natural gas supply for the gas requirements of Atmos Energy's residential, commercial and industrial sales customers located in various states. Annual purchases are approximately 290-300 Bcf for its distribution customers. Gas Supply acquires natural gas from a diverse portfolio of wellhead producers and commercial suppliers utilizing a combination of long and short term commitments, including purchases from the daily spot market.[ citation needed ]
Named after the first chairman and CEO, the Charles K. Vaughan Center is a technical training facility designed for new technicians and veterans who must be certified and recertified on a regular basis. Located in Plano, TX, the most visible aspect of the Vaughan Center is Gas City, an area designed to enable employees to practice and enhance their professional and safety skills. The area was built to resemble a simulated community with houses, mini-apartments, commercial buildings along with city streets having natural gas infrastructure, and a short gas transmission pipeline with pig launchers. [16]
Energy Future Holdings Corporation is an electric utility company headquartered in Energy Plaza in Downtown Dallas, Texas, United States. The majority of the company's power generation is through coal and nuclear power plants. From 1998 to 2007, the company was known as TXU Corporation until its $45 billion leveraged buyout by Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners. That purchase was the largest leveraged buyout in history. As of 2019, TXU Energy is a subsidiary of publicly traded Vistra Energy.
Enbridge Inc. is a Canadian multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy. Enbridge's pipeline system is the longest in North America and the largest oil export pipeline network in the world. Its crude oil system consists of 28,661 kilometres of pipelines. Its 38,300 kilometre natural gas pipeline system connects multiple Canadian provinces, several US states, and the Gulf of Mexico. The company was formed by Imperial Oil in 1949 as the Interprovincial Pipe Line Company Limited to transport Alberta oil to refineries. Over time, it has grown through acquisition of other existing pipeline companies and the expansion of their projects.
Entergy Corporation is a Fortune 500 integrated energy company engaged primarily in electric power production and retail distribution operations in the Deep South of the United States. Entergy is headquartered in New Orleans, Louisiana, and generates and distributes electric power to 3 million customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and employs more than 13,000 people.
Sonat, Inc., headquartered in Birmingham, Alabama, was a large Fortune 500 American energy holding company. The company was founded in 1928 and was listed on the New York Stock Exchange under the ticker symbol "SNT". Sonat was primarily involved in transmission and marketing natural gas and oil and gas exploration and production. The company was also involved in contract offshore drilling until 1995 when the offshore business became Transocean. In 1999 Sonat merged with El Paso Corporation. The company was headquartered in the AmSouth-Sonat Tower in downtown Birmingham.
Public electricity suppliers (PES) were the fourteen electricity companies created in Great Britain when the electricity market in the United Kingdom was privatised following the Electricity Act 1989. The Utilities Act 2000 subsequently split these companies between distribution network operators and separate supply companies.
Texas Gas Transmission is a natural gas pipeline which brings gas from the Louisiana Gulf coast up through Arkansas, Mississippi, Tennessee, and Kentucky, to supply gas to Illinois, Indiana, and Ohio. It is owned by Boardwalk Pipelines. Its FERC code is 18.
NiSource Inc. is one of the largest fully regulated utility companies in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The company, based in Merrillville, Indiana, has more than 8,000 employees. As of 2018, NiSource is the sole Indiana-based utility company.
Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers. Sempra's focus is on electric and natural gas infrastructure and its operating companies include: Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E) in Southern California; Oncor Electric Delivery Company in Texas; and Sempra Infrastructure, with offices in California and Texas.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
Eastern Electricity plc was an electricity supply and distribution utility serving Eastern England, including East Anglia and part of Greater London. It was renamed Eastern Group under which name it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Hanson plc in 1995, before being purchased by Texas Utilities in 1998.
The Gas and Fuel Corporation of Victoria (G&FC) was a government-owned monopoly supplier of household gas in Victoria, Australia. It was established in 1950 and took over two of the three main gas utilities in Melbourne – the Metropolitan Gas Company and the Brighton Gas Company. As part of the conversion to natural gas, in 1971 the corporation acquired the Geelong Gas Company, one of only two remaining private gas companies in Victoria at the time. The Ballarat Gas Company closed at the time. The G&FC was wound up in June 1995.
Southern Company Gas, formerly AGL Resources, is an American Fortune 500 energy services holding company headquartered in Atlanta, Georgia. The company's operations consist of natural gas distribution, wholesale services, retail operations, and midstream operations. Southern Company Gas is one of the largest natural gas distribution companies in the United States. The company serves approximately 4.5 million utility customers through its regulated distribution subsidiaries across four states. Southern Company Gas made the Fortune 500 list in 2015, Forbes 2000 in 2006, and is a member of the S&P 500 Index. In 2016, Southern Company acquired AGL Resources and renamed it Southern Company Gas.
FortisBC is a Canadian owned, British Columbia based regulated utility providing natural gas, and electricity. FortisBC has approximately 2,600 employees serving more than 1.2 million customers in 135 B.C. communities and 58 First Nations communities across 150 Traditional Territories.
Spectra Energy Corp, headquartered in Houston, Texas, operated in three key areas of the natural gas industry: transmission and storage, distribution, and gathering and processing. Spectra was formed in late 2006 from the spin-off from Duke Energy. Spectra owned the Texas Eastern Pipeline (TETCo), a major natural gas pipeline which brings gas from the Gulf of Mexico coast in Texas to the New York City area, which was one of the largest pipeline systems in the United States. Spectra also operated three oil pipelines. In February 2017, Spectra Energy merged into the Canadian company Enbridge.
Algonquin Power & Utilities Corp. is a Canadian renewable energy and regulated utility conglomerate with assets across North America. Algonquin actively invests in hydroelectric, wind and solar power facilities, and utility businesses, through its three operating subsidiaries: Bermuda Electric Light Company, Liberty Power and Liberty Utilities.
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