UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
June 1, 2010
| Commission |
Registrant |
State of Incorporation |
IRS Employer Identification Number | |||
| 1-7810 |
Energen Corporation | Alabama | 63-0757759 | |||
| 2-38960 |
Alabama Gas Corporation | Alabama | 63-0022000 |
| 605 Richard Arrington Jr. Boulevard North Birmingham, Alabama |
35203 | |
| (Address of principal executive offices) | (Zip Code) |
(205) 326-2700
(Registrant’s telephone number including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 8.01 |
Other Events |
On June 1, 2010, the Alabama Public Service Commission approved revised depreciation rates for Alabama Gas Corporation. Related to the revised depreciation rates, Alagasco will refund to customers approximately $25.6 million in July, 2010. The refund is due to a re-estimation of future removal costs provided for through the prior depreciation rates. The re-estimation was the result of Alagasco’s actual removal cost experience during the past five years.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| ENERGEN CORPORATION ALABAMA GAS CORPORATION | ||||||
| June 10, 2010 |
By |
/s/ Charles W. Porter, Jr. | ||||
| Charles W. Porter, Jr. Vice President, Chief Financial Officer and Treasurer of Energen Corporation and Alabama Gas Corporation | ||||||
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