Patience Breeds Profits for Gas‑Centric Utility

Deck: 

Robert Best, Chairman, President and CEO of Atmos Energy

Fortnightly Magazine - March 1 2002
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Will Atmos remain a gas‑only utility company?

You never say never. Our strategy to date has been to stick with natural gas. We serve a lot of small and medium‑size communities in our eleven states. We haven't taken on more than we can deal with. We started in 1983 with 300,000 customers in West Texas and when we complete the Mississippi Valley acquisition, we'll be 1.7 million customers.

Convergence does work for some companies. But I think you've also seen some companies that have tried the combination of electric with gas and it hasn't paid off for them. Our history has been to grow our portfolio of natural gas distribution assets through acquisition. We've been a patient acquirer. We want to make good acquisitions. 

How would you describe unbundling in the states Atmos does business in?

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