Dear Retiree:
I’m very pleased to announce that our board of directors, along with AGL Resources’ board of directors, has approved a definitive merger agreement in which AGL Resources will become a wholly-owned subsidiary of Southern Company.
This is an exciting opportunity for Southern Company.
When completed, the combination will better position the companies to provide natural gas infrastructure to meet customers’ growing energy needs, and will create the second-largest utility company in the U.S. by customer base with:
- Eleven regulated electric and gas distribution companies in 9 states providing service to approximately nine million customers, as well as retail operations across America;
- Operations of nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of gas pipelines; and
- Generating capacity of approximately 46,000 megawatts.
As America’s leader in developing the full portfolio of energy resources, we believe the addition of AGL Resources to our business will better position Southern Company to play offense in supporting America’s energy future through additional natural gas infrastructure. Continue reading