Nicor
| Nicor Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US6540861076 |
| founding | 1953 |
| resolution | 2011 |
| Reason for dissolution | Takeover and integration into AGL Resources |
| Seat | Naperville , United States |
| management | Russ M. Strobel CEO |
| Number of employees | 3,900 (2007) |
| sales | $ 3.176 billion (2007) |
| Branch | power supply |
| Website |
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Nicor Inc. was an American holding company listed in the S&P 500 stock index and headquartered in Naperville , Illinois . In December 2011, Nicor was acquired by AGL Resources .
Nicor was primarily active in gas supply through various subsidiaries, but also in the shipping business. Nicor Gas currently still exists as a subsidiary of AGL Resources.
The shares are traded on the two bad guys in New York and Chicago under the symbol GAS . Russ M. Strobel has been Chairman and CEO of the company since 2005 .
In August 2007, the Securities and Exchange Commission has SEC fraud case against the former manager Thomas Fisher (CEO), Kathleen Halloran ( CFO ) and George Behrens, head of the finance department initiated. Between 1999 and 2002, they allegedly approved illegal transactions to meet profit and revenue targets.
Subsidiaries
- Nicor Gas
Northern Illinois Gas Company was founded in 1954 and is one of the largest gas suppliers in the United States, with 2007 sales of $ 2.627 billion . Nicor's largest subsidiary buys natural gas on the open market and, according to its own information, supplies 2.2 million customers in northern Illinois , excluding the city of Chicago , in a total of 641 communities.
It operates a 37,000 mile long pipe network that is connected to the North American network via eight pipelines and eight underground storage facilities with a capacity of 150 billion cubic feet .
At the end of 2007, Nicor Gas employed 2,100 people.
- Tropical Shipping
The company, based in West Palm Beach ( Florida ), transports freight containers in the Caribbean and the Bahamas . With 2007 sales of $ 403.9 million, Tropical Shipping is one of the largest shipping companies in the region.
At the end of 2007, eight owned and a further eleven chartered ships belonged to the fleet with an approximate total capacity of 5900 TEU .
- Other subsidiaries
- Nicor Enerchange, LLC
- Nicor Energy Services Company
- Nicor Solutions, LLC
- Prairie Point Energy, LLC
- Shares
Nicor owns 50 percent of Horizon Pipeline Company, LLC , which operates a gas pipeline . The other half is owned by Morgan Energy Partners, LP , a listed subsidiary of Kinder Morgan .
Web links
Individual evidence
- ↑ a b c d corporate-ir.net : 2007 Annual Report (PDF file; 1.66 MB)
- ↑ SEC : SEC Files Fraud Charges Against Nicor's Former CEO, CFO and Treasurer (press release of August 9, 2007)