Augusta Economy

More News | Fort Gordon | Plant Vogtle | Savannah River Site | Editor

Atlanta Gas and Light parent posts 89 percent profit increase

  • Follow Business

Atlanta-based AGL Resources, the nation’s largest natural gas-only distribution company, reported Wednesday that its second quarter profts soared 89 percent to $34 million.

It had a net income of $18 million, or 23 cents a share, for the quarter in 2011.

Earnings for the company’s utilities, which includes Atlanta Gas Light, was $100 million, compared with $74 million during the same time a year ago.

AGL’s purchase of Illinois-based Nicor Gas helped contribute to the increase, the company said. It bought Nicor Gas in a deal that closed last December.

Comments (1) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
gaflyboy
5422
Points
gaflyboy 08/02/12 - 09:14 am
0
0
Common mistake

It is "Atlanta Gas Light", not Atlanta Gas "and" Light.

Back to Top
loading...
Top headlines

Builder questions city's bidding process

City projects that are bid on over and over are a waste of time and money for small businesses, said an attorney seeking to "start a dialogue" about possibly changing Augusta's procurement process.
Search Augusta jobs