AGL Resources today announced the acquisition of Compass Energy Services, Inc., a Richmond- based commercial and industrial energy services company.

"The acquisition of Compass allows AGL Resources to directly serve a broader geography of customers in the commercial and industrial segment," said AGL Resources President and CEO John Somerhalder. "This acquisition allows us to expand our overall business portfolio and provide additional services to commercial and industrial customers."

Compass Energy was founded by six executives who left a major regional energy company to pursue market opportunities to work with commercial and industrial customers in order to solve their energy issues and provide services to a diverse client base. Compass Energy's client base includes representation from almost every industry and organizational type, from hospitals to Fortune 50 companies, from city and state governments to the federal government, and from a small dry cleaning plant to one of the world's largest manufacturers. The company has maintained a 93 percent client retention rate in an extremely competitive market.

"This is an exciting time for Compass Energy," said Chris Ziegler, president and CEO of Compass Energy Services. "This acquisition gives us access to greater financial strength which, when coupled with AGL Resources' risk management and wholesale services, is expected to be a great catalyst for growth. At the same time we will have the opportunity to continue to provide our customers with the excellent customer service they have come to expect from Compass Energy. We look forward to joining the AGL Resources family."

Compass Energy Services' earnings results will be reported through AGL Resources' Wholesale Services segment.

About Compass Energy

Compass Energy Services, Inc. was, prior to the acquisition by AGL Resources, a privately-held Virginia corporation, 100% owned by its founders and employees. Compass Energy Services' mission is to provide value-added energy commodity supplies and energy procurement consulting services to commercial and industrial customers by utilizing superior industry expertise and outstanding customer service. For more information, visit www.compassenergy.net.

About AGL Resources

AGL Resources , an Atlanta-based energy services company, serves more than 2.2 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout the nation. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com.

Forward-Looking Statements

Certain expectations and projections regarding our future performance referenced in this press release are forward-looking statements. Forward- looking statements involve matters that are not historical facts and because these statements involve anticipated events or conditions, forward-looking statements often include words such as "anticipate," "assume," "can," "could," "estimate," "expect," "forecast," "future," "indicate," "intend," "may," "outlook," "plan," "predict," "project," "seek," "should," "target," "will," "would," or similar expressions. Our expectations are not guarantees and are based on currently available competitive, financial and economic data along with our operating plans. While we believe our expectations are reasonable in view of the currently available information, our expectations are subject to future events, risks and uncertainties, and there are several factors - many beyond our control - that could cause results to differ significantly from our expectations.

Such events, risks and uncertainties include, but are not limited to, changes in price, supply and demand for natural gas and related products; the impact of changes in state and federal legislation and regulation; actions taken by government agencies on rates and other matters; concentration of credit risk; utility and energy industry consolidation; impact of acquisitions and divestitures; direct or indirect effects on AGL Resources' business, financial condition or liquidity resulting from a change in our credit ratings or the credit ratings of our counterparties or competitors; interest rate fluctuations; financial market conditions and general economic conditions; uncertainties about environmental issues and the related impact of such issues; the impact of changes in weather upon the temperature-sensitive portions of the business; impacts of natural disasters such as hurricanes upon the supply and price of natural gas; acts of war or terrorism; and other factors which are provided in detail in our filings with the Securities and Exchange Commission, which we incorporate by reference in this press release. Forward-looking statements are only as of the date they are made, and we do not undertake to update these statements to reflect subsequent changes.

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SOURCE: AGL Resources