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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 26, 2001
AGL RESOURCES INC.
(Exact name of registrant as specified in its charter)
Georgia 1-14174 58-2210952
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
817 West Peachtree Street, N.W.
10th Floor
Atlanta, Georgia 30308
(Address of principal executive offices, including zip code)
404-584-9470
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On August 23, 2001, the registrant announced that it would file a motion
for reconsideration of the determination in August by the Georgia Public Service
Commission (the "Georgia PSC") to review the registrant's current rate
structure. The rate review results from a concern by the Georgia PSC that the
registrant is realizing a rate return that is higher than its allowed rate of
return, even though, as reported in the registrant's then most recent monthly
filing with the Georgia PSC, the registrant's return on equity for the 12 months
ended May 31, 2001 was 9.9% compared to the 11.0% return on equity authorized by
the Georgia PSC.
On September 26, 2001, the Georgia PSC issued an order which denied the
registrant's motion for reconsideration. Because of the legal expenses
associated with the regulatory appeal process, the registrant has elected not to
appeal the denial of the motion but intends to vigorously defend its current
rate structure in the review proceedings. Based on the schedule adopted by the
Georgia PSC, a final decision on the rate review is expected in March 2002.
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 hereunto duly authorized.
AGL RESOURCES INC.
(Registrant)
Date: October 2, 2001 By /s/ Richard T. O'Brien
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Richard T. O'Brien
Executive Vice President and
Chief Financial Officer