AGLC Reaches Deal with GPSC; Will share Excess Profits

Putting to rest a Georgia Public Service Commission (GPSC) complaint from August 2001, Atlanta Gas Light Co. said last week that it reached an agreement with the GPSC regarding its commission-imposed earnings review. Under the agreement, AGLC adopted a three-year performance-based rate plan that will reduce the base rates of its customers by $10 million annually. The company also reported its first quarter 2002 earnings, which showed a small decline from the similar quarter a year ago.

May 6, 2002

Dynegy Marketing Sued by Georgia Natural Gas Co.

Atlanta-based Georgia Natural Gas Co.(GNGC) has filed a complaint on behalf of SouthStar Energy Services LLC in Georgia’s Fulton County Superior Court to compel Dynegy Marketing and Trade to provide a “full and fair accounting” of its activities as the asset manager for SouthStar. The lawsuit alleges that Dynegy, despite “repeated requests,” has failed to provide necessary documentation and records of purchase and sales transactions.

July 27, 2001
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