Nicor Gas Begins Work Under New Infrastructure Modernization Initiative
Investing in Illinois to enhance safety and reliability of natural gas systems, spur economic growth
NAPERVILLE, IL – Feb. 11, 2015 – Construction activities are underway for a new Nicor Gas program called Investing in Illinois: A Nicor Gas System Improvement Initiative, a nine-year infrastructure project that is expected to foster economic growth while enhancing the safety and reliability of natural gas delivery and storage systems. From replacing hundreds of miles of pipeline to moving natural gas meters to the outside of homes and businesses, Investing in Illinois accelerates the rate at which the company can upgrade the infrastructure that stores and delivers natural gas to its more than 2 million customers.
Nicor Gas will spend approximately $300 million in 2015 on designing, installing, operating and maintaining its pipeline infrastructure; of which approximately $200 million will be spent on Investing in Illinois projects.
“Modernizing our natural gas infrastructure is essential to meeting Illinois’ energy needs now and into the future,” said Beth Reese, president of Nicor Gas. “Investing in Illinois allows us to upgrade the physical structures that deliver our product safely and reliably while also benefitting our region – creating jobs, supporting businesses and growing our economy.”
In preparation for the influx of new projects stemming from this initiative, Nicor Gas hosted events to inform diverse suppliers, vendors and contractors about Investing in Illinois. The company has also collaborated with the Chicago Urban League to develop a new web-based portal that connects diverse suppliers with business opportunities in Illinois.
Nicor Gas anticipates that Investing in Illinois will encourage job creation as a result of expanded needs for employees, contractors, vendors and suppliers; increase business activity driven by the heightened demand for goods and services; and foster new business development.
The expenses related to this initiative will be recovered through an adjustment on customer bills beginning in March 2015. The amount, noted on the bill as “Qualified Infrastructure Charge,” applies only to the delivery portion of the bill and will change each month based on natural gas consumption and the investment Nicor Gas makes under the program. The amounts billed under the Qualified Infrastructure Charge are filed monthly with the Illinois Commerce Commission and will be reviewed by the Commission annually.
For more information about Investing in Illinois visit:
For more information about Supplier Diversity at Nicor Gas visit: http://aglresources.com/about/supplier_div.aspx
About Nicor Gas
Nicor Gas, a wholly owned subsidiary of AGL Resources (NYSE: GAS), is a natural gas distribution company that serves more than 2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit www.nicorgas.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services and midstream operations. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves approximately 630,000 retail energy customers and approximately 1.2 million customer service contracts through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com.