DALLAS, Jan. 15, 2002 — Atmos Energy Corporation said today that its subsidiary Woodward Marketing, L.L.C. has acquired natural gas sales contracts for approximately $1 million from Duke Energy Trading and Marketing, L.L.C.
Under the contracts, Woodward Marketing will provide natural gas procurement and management services for approximately 40 additional municipal customers in Illinois, Indiana, Kentucky, Tennessee, Mississippi, Louisiana and Texas. In aggregate, these contracts have an annual gas throughput of
7.5 billion cubic feet.
“Woodward Marketing’s strategic acquisition of these contracts increases Woodward’s market share and enlarges its revenue base within its existing markets,” said Robert W. Best, chairman, president and chief executive officer of Atmos Energy Corporation.
“This acquisition reinforces Woodward Marketing’s commitment to meeting the needs of municipal gas systems,” said J.D. Woodward, Atmos’ senior vice president of nonutility operations. “We’re pleased to be able to serve these new customers and to meet their future needs for natural gas supplies and services through our commitment to customer service and satisfaction.”