Skip Navigation Links
2014
2013
2012
2011
AGA Statement on NTSB’s Pipeline Safety Recommendations
AGA Chairman Somerhalder Speaks to New York Society of Security Analysts
AGA Statement on the Announcement that “Gasland” has been Nominated for an Oscar
President Obama Recognizes Role of Natural Gas in Clean Energy Future
AGA Commends Senators’ Introduction of Pipeline Safety Bill
New Report Finds Natural Gas Critical to a Smart Energy Future
AGA Distressed with Proposed LIHEAP Cuts
Dave McCurdy Elected President and CEO of AGA
Safety Remains Top Priority for Natural Gas Industry
AGA Hails State Utility Commissioners for Support of LIHEAP
Congress, Please Don’t Shut off the Heat
AGA Provides Industry Perspective at NTSB Hearing on San Bruno Incident
Abundant Natural Gas Supply Hits Home for Consumers
Natural Gas Costs Less, Says DOE
Task Force Finds Potential for Increased Natural Gas Price Stability
AGA Statement on President Obama’s Support of Clean Natural Gas as a Key Component of America’s Energy Security
“Call Before You Dig” in April and all Year Long
AGA Supports Secretary LaHood’s Call for Continued Focus on Pipeline Safety
AGA Applauds Introduction of the NAT GAS Act of 2011
AGA Statement regarding the crucial role of clean, domestic and efficient natural gas in our energy future
AGA Participates in U.S. Department of Transportation Pipeline Safety Forum
New Report Details Increases in Natural Gas Supply in U.S.
Natural Gas Reduces Greenhouse Gas Emissions
ANGA, AGA to Jointly Promote Natural Gas Vehicles, Infrastructure
AGA Commends U.S. Senate Committee on Commerce, Science, and Transportation on Passage of Pipeline Safety Bill
AGA Supports Bipartisan Energy Legislation
AGA Recognizes Industry Leaders in Employee Safety
Lawrence Borgard, of Integrys Energy Group, Elected First Vice Chairman of AGA Board of Directors
AGA Releases 2011 FERC Manual for Natural Gas Utilities
AGA Unveils Responsible Natural Gas Resource Development Principles
AGA Testifies at U.S. House of Representatives Pipeline Safety Oversight Hearing
AGA Releases Inaugural Natural Gas Playbook
AGA Commends U.S. House Subcommittee on Energy and Power on Passage of Pipeline Safety Bill
Members of the Natural Gas and Oil Industry Announce New Effort to Improve Pipeline System Safety
AGA Comments on the U.S. Energy Secretary’s Shale Gas Production Subcommittee Report
AGA Commends DOE’s Full-Fuel-Cycle Adoption
AGA Commends PHMSA on Pipeline Safety Efforts
AGA Comments on NTSB’s Pipeline Safety Recommendations
AGA Comments on U.S. Chamber of Commerce’s Position on Jobs Creation
AGA Welcomes New VP of Federal Affairs Luis Luna
AGA Applauds Bipartisan Pipeline Safety Bill
Natural Gas Council’s Statement and Recommendations on President Obama’s Job Plan
American Gas Foundation Study: Renewable Gas
AGA Urges Policy Makers to Endorse Recommendations of National Petroleum Council
AGA Urges Congress to Keep LIHEAP a Priority
AGA Commends House Committee Bipartisan Passage Of Pipeline Safety Bill
AGA & Multi-Industry Coalition Send Letter to Super Committee
AGA Submits Comments Reaffirming Support of the NAT GAS Act
AGA to Host 2018 World Gas Conference in Washington, D.C.
AGA Says Reliable and Stable Prices for Consumers This Winter
AGA Applauds U.S. Senate for Bipartisan Passage of Pipeline Safety Bill
AGA’s Distinguished Service Award to Douglas H. Yaeger of The Laclede Group
Lawrence T. Borgard, of Integrys Energy Group, Elected 2012 Chairman of AGA
AGA Releases Commitment to Enhancing Safety
Secretary LaHood Thanks AGA for Leading Industry Collaboration on Safety
AGA Comments on Secretary of Energy Advisory Board, Natural Gas Subcommittee Final Report
AGA Incoming Chairman, Lawrence T. Borgard, Natural Gas Has Opportunities and Challenges in 2012
Natural Gas Utilities Helped Customers Save $62 Per Household Last Year
AGA Applauds Passage Of Bipartisan House Pipeline Safety Bill
LIHEAP Preventing Families From Being Left Out In The Cold
AGA Commends Senate for Swift Passage of Pipeline Safety Bill
Natural Gas Council Statement on NERC Natural Gas-Electric Interdependency Assessment
Videos
AGA Applauds Policy Guidance on Cyber Threat Information Sharing and Antitrust
AGA

 1/20/2011 

AGA Contacts:
Jennifer O’Shea, 202-824-7023
Jake Rubin, 202-824-7027

 AGA Chairman Somerhalder Speaks to New York Society of Security Analysts   

 
America’s Natural Gas Delivers Clean and Abundant Energy
 

New York, NY – John Somerhalder, chairman of the American Gas Association (AGA) and chairman, president and CEO of AGL Resources, yesterday met with the New York Society of Security Analysts (NYSSA) to discuss the outlook for natural gas demand and supply, as well as the issues regarding investment in the natural gas utility sector.

Somerhalder said that the natural gas supply picture has never been brighter. “Currently, we have about 100 years of natural gas supply,” he said. He noted that this bright picture is reflected in the stable affordable prices that natural gas customers currently are enjoying.

In his remarks, Somerhalder also focused on demand growth.

“At a time when America’s domestic supply of natural gas is at an all time high, it is critical for our industry to explore new market opportunities based on the clear price, environmental and energy efficiency advantages of the direct use of natural gas,” he said.

Somerhalder pointed out that the transportation market is an especially attractive demand growth opportunity.

“Displacing oil with domestically abundant natural gas by expanding our use of natural gas vehicles can save money, reduce green house gas emissions and lessen our dependence on foreign oil,” Somerhalder added.

Somerhalder also discussed AGA’s legislative and regulatory priorities for 2011. Chief among them is pipeline safety.  AGA is working with the U.S. Department of Transportation (DOT) on reauthorization of an effective, flexible and cost effective Pipeline Safety Act.  Furthermore, AGA is working with DOT and state regulators on implementing a sound Distribution Integrity Management Program.

In addition, Somerhalder told the audience that natural gas utilities are a solid investment opportunity.

“Natural gas utilities have a consistent long-term track record of creating shareholder value,” he said. “They focus on fundamentals; they have healthy balance sheets and positive earning trends. And thanks to the abundant supply of natural gas, utilities are now focusing on growing demand.”

Somerhalder added that the recent two-year extension of the 15-percent dividend tax rates will make dividend-paying companies such as natural utilities an even more attractive investment.

“We are especially pleased with this victory, which AGA worked very hard to achieve,” Somerhalder added.

“The bottom line is that America needs clean and abundant energy and natural gas utilities can meet that need. With all that natural gas has to offer, this is an exciting time for the industry and I am thrilled to capitalize on the many opportunities we have before us to provide safe, reliable and clean energy solutions to our customers.”

# # #
The American Gas Association, founded in 1918, represents more than 200 local energy companies that deliver clean natural gas throughout the United States. There are more than 71 million residential, commercial and industrial natural gas customers in the U.S., of which 94 percent — over 68 million customers — receive their gas from AGA members. Today, natural gas meets almost one-fourth of the United States' energy needs.

Join the Energy Conversation