AGL Resources Board of Directors Declares Quarterly Dividend; Shareholders Elect Directors

ATLANTA, April 28 /PRNewswire-FirstCall/ -- The board of directors of AGL Resources (NYSE: AGL) yesterday declared a quarterly dividend of $0.44 per share on the company's common stock. The dividend will be paid June 1, 2010 to shareholders of record at the close of business on May 14, 2010. This marks the 250th consecutive quarterly dividend the company has paid since 1948.

The company also announced that at its annual meeting on April 27, shareholders approved an amendment to company bylaws to eliminate the classification of the board of directors, which conforms to the amendment to the company's articles of incorporation approved by the shareholders at the 2009 annual meeting. As a result, beginning with the 2010 annual meeting, directors with expiring terms will be elected to one-year terms. By 2012, all multi-year terms of current board members will have expired, and all directors will be elected annually.

Shareholders also re-elected Sandra N. Bane, Thomas D. Bell, Jr. and Dean R. O'Hare as directors, and they will hold office for one-year terms expiring at the annual meeting in 2011, as specified in the newly approved amendment. The terms of four current directors – Arthur E. Johnson, James A. Rubright, John W. Somerhalder II and Bettina M. Whyte – will continue until the 2011 annual meeting. The terms of five current members – Charles C. Crisp, Wyck A. Knox, Jr., Dennis M. Love, Charles H. "Pete" McTier and Henry C. Wolf – will continue until the 2012 annual meeting.

The company also announced that, in accordance with company bylaws, long-time board members D. Raymond Riddle and Felker W. Ward, Jr., after the completion of their current term at yesterday's annual meeting, no longer are eligible to serve as active directors, since each has attained his 75th birthday.

"On behalf of the AGL Resources Board of Directors, I would like to thank Raymond and Felker for their long-time service and dedicated oversight of AGL Resources," said Somerhalder, company chairman, president and chief executive officer.

About AGL Resources

AGL Resources (NYSE: AGL), an Atlanta-based energy services company, serves approximately 2.3 million customers in six states.  The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout North America.  As an 85-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.

SOURCE AGL Resources