AGLR

When was the transaction announced?

On August 24, 2015, Southern Company and AGL Resources announced that they will combine to create a leading U.S. electric and gas utility company. On July 1, 2016, AGL Resources became a new wholly-owned subsidiary of Southern Company.

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Why did Southern Company decide to combine with AGL Resources?

  • For investors, it creates a unique platform that is well-positioned to compete for growth across the energy value chain;
  • For customers, it strengthens reliability and improve current and future energy infrastructure development; and
  • For communities, it provides for the expansion of the companies' customer-focused business models.

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How will this impact the service Southern Company's and AGL Resources' utility customers receive?

Initially, customers will not experience any changes to customer service or account information. Post-closing, we expect services to improve. Both companies remain committed to providing the families and businesses these utilities serve with excellent customer service.

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What impact will this agreement have on customers' electric or gas rates?

This transaction will not increase electric or gas rates of any of the utilities of either Southern Company or AGL Resources system.

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Will Southern Company and AGL Resources both maintain their corporate headquarters in Atlanta?

Yes, AGL Resources has become an operating subsidiary company consistent with Southern Company's other subsidiaries, Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Southern Power, and has its own corporate headquarters.

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Will there be any management changes at Southern Company or AGL Resources?

AGL Resources is an operating subsidiary company consistent with Southern Company's other subsidiaries and will maintain its own management team. A large part of the value associated with AGL Resources is the depth and quality of this team.

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