AGL launches economic development program

The Georgia Public Service Commission (PSC) has approved a new economic development and environmental program developed by Atlanta Gas Light, a subsidiary of AGL Resources, to encourage smart new investment in Georgia. The new program, called “Georgia Sustainable Environmental Economic Development program,” or Georgia SEED, is designed to attract and retain jobs, support projects to reduce carbon emissions and encourage new investment in Georgia.

Under the new program, Atlanta Gas Light will contract with existing business customers or new customers that may be considering expanding into Georgia. AGL shall have the option to invest its capital to help customers finance line extensions, new natural gas equipment and equipment installations.

Georgia SEED offers three potential avenues for contracts: providing customers with the benefit of a new utility service extension to plant sites; offering financing for the purchase and installation of new higher-efficiency gas equipment, such as engines, boilers, fleet vehicles, refueling stations and gas-fired air conditioning equipment; and discounted utility rates to help lower overall energy costs. The benefits are available to customers who can establish significant economic and environmental benefits for the state. Customers will have little or no up-front costs and can pay back the investment over the life of the project.