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Elkton Gas Reduces Gas Commodity Rates By 8 Percent; Average Residential Customer Will Save $17 This Month

Posted on: Friday, 3 February 2006, 15:00 CST

Elkton Gas, a subsidiary of Atlanta-based AGL Resources (NYSE: ATG), today announced that the company's latest rate filing with the Maryland Public Service Commission, which went into effect Feb. 1, 2006, will reduce rates for purchased gas costs by 8 percent. The new rates are projected to save the average residential customer $17 this month.

"We want to do everything we can to help our customers who are facing higher energy costs this winter," said Candy Davis, operations manager of Elkton Gas. "We're still facing record-high natural gas prices. However, thanks to the good fortune of warmer weather, our gas costs are moderating. We want to pass along these savings to our customers in Cecil County to give them some relief, when they need it most, this heating season."

Elkton Gas makes no money on the natural gas it purchases on behalf of customers. With the 8 percent reduction from the previously filed rates for January 2006, the average residential customer will see a reduction of $17 in February. The average residential bill for February using 100 ccf with rates in effect beginning in 2006 would have been $204.43. Using the rates announced today, the average residential bill for February using 100 ccf is projected to be $187.22.

"We are always concerned about the impact of energy prices on our customers," said Davis. "We are doing everything we can to teach customers how to manage costs as we work with government agencies and energy assistance organizations to help those in need."

Elkton Gas supports programs that help low-income households and low-income senior citizens afford their natural gas energy consumption. In partnership with organizations like low Income Home Energy Assistance Program (LIHEAP), Maryland Energy Assistance Program, and Cecil County Department of Social Services, Elkton Gas works with customers to help them obtain assistance to pay their energy bills.

Last November, Elkton Gas made the company's first corporate donation in the form of a $5000.00 energy assistance grant to the Cecil Heating Assistance Program (CHAP). The company also presented CHAP with a sample of the blankets Elkton Gas employee volunteers made this winter to help those less fortunate.

About Elkton Gas

Elkton Gas, a wholly owned subsidiary of AGL Resources (NYSE: ATG), provides delivery service to approximately 5,800 residential and business natural gas customers in the greater Elkton area, on Maryland's eastern shore. For more information, visit www.elktongas.com.

About AGL Resources

AGL Resources (NYSE: ATG), an Atlanta-based energy services holding company, serves 2.2 million customers in six states through its utility subsidiaries - Atlanta Gas Light, Elizabethtown Gas in New Jersey, Virginia Natural Gas, Florida City Gas, Chattanooga Gas, and Elkton Gas in Maryland. Ranked by Forbes as one of the 10 Best Managed Utilities and No. 250 in the Forbes Platinum 400 in 2006 as well as a Fortune 1000 company in 2005, AGL Resources reported revenue of $2.7 billion and net income of $193 million in 2005. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout the East and Midwest. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. AGL Networks, the company's telecommunications subsidiary, owns and operates fiber optic networks in Atlanta and Phoenix. The company also owns and operates Pivotal Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com.

Source: Business Wire

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