AGL Resources Invests in Its Communities, Announces Nearly $1 Million in 2003 Grants, Gifts
April 16, 2003
In keeping with its tradition of giving back to the communities it serves, AGL Resources Inc. (NYSE: ATG) Tuesday announced grants totaling $950,000 this year in funds and in-kind gifts for low-income energy assistance programs, economic development projects, leadership programs and other civic activities in Georgia, Tennessee, Texas and Virginia.
Paula G. Rosput, AGL Resources (AGLR) chairman, president and chief executive officer, and Isaac Blythers, president of the company's largest utility, Atlanta Gas Light Company, announced the following grants to programs that help low-income Georgians pay their heating bills:
- Georgia Department of Human Resources - $100,000 for Low Income Home Energy Assistance Program (LIHEAP)
- Resource Service Ministries - $25,000 for replacing or refurbishing furnaces for elderly
Rosput also noted that AGLR is donating a portion of its former space at the Biltmore office building in Midtown to Leadership Atlanta, the oldest, continuously running leadership training program in the country. The gift of the free space, which includes a three-year lease and office furniture, is valued at $375,000. According to Leadership Atlanta's executive director Pat Upshaw-Monteith, the donation represents the largest gift the organization has ever received.
AGLR recently consolidated its Atlanta corporate facilities into a new headquarters at Ten Peachtree Place. Computers, office furniture and equipment from the former offices valued at $150,000 were donated to a number of nonprofit organizations in Georgia: 100 Black Men of Metro Atlanta; Georgia Hispanic Chamber of Commerce; YWCA; Hosea Williams Feed The Hungry and Reynoldstown Revitalization. The Fernbank Museum of Natural History received printing equipment valued at $35,000. In addition, a number of retired AGLC service vehicles valued at $135,000 were donated to municipalities throughout Georgia.
The community grants and gifts were announced at an event held Tuesday night at the company's new headquarters to recognize its nonprofit partners and state and community leaders. Headlined by Georgia Governor Sonny Perdue, the guest list included elected and appointed officials from many of the communities in which AGLR does business, as well as community leaders and company board members.
"Atlanta Gas Light Company has been a part of Georgia's growth for over 100 years," said Rosput. "We take great pride that our roots run very deep in the communities we serve around the state. These grants are a good way to reinvest in our state and to provide some much-needed assistance to a number of very deserving organizations in the communities where we live and work."
In addressing the group Tuesday night, Gov. Perdue praised the company for its leadership in economic development as well as its "community spirit."
"I want to commend you for your leadership throughout the state," he said. "We're proud of AGLR's growth and success and that AGLR has been based in our capitol city. Roots are important in Georgia. So is being a good neighbor. AGLR has been a good neighbor all these years. Last year you broke previous records with 32,000 [volunteer] hours of giving back to the community. That spirit of giving back to the community is one of the things we value."
AGL Resources also announced five additional grants in its other service areas:
- Chattanooga (Tennessee) Chamber of Commerce Foundation - $10,000 for economic development
- City of Chattanooga Department of Human Services - $50,000 for energy assistance
- Houston (Texas) Livestock Show and Rodeo - $20,000 for agriculture scholarships
- Hampton Roads (Virginia) Economic Development Alliance - $10,000 for economic development
- Tidewater Salvation Army (Norfolk, Va.) - $75,000 for energy assistance
Rosput began hosting the community leadership dinner three years ago as an opportunity for members of the AGLR board and company management to get to know leaders of the communities served by the company's subsidiaries. The company holds it annual shareholder meeting today.