Nicor Inc. has added a news release
to its Investor Relations website.
Title: Nicor
Ranked among Top 40 Energy Companies in the United States
Date: 11/12/2007
9:00:00 AM
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NAPERVILLE, Ill.--(BUSINESS
WIRE)--Nov. 12, 2007--Nicor Inc.
(NYSE:GAS) was rated among the
top 40 energy companies in the country
in Public Utilities
Fortnightly's third annual financial ranking. The
magazine established this
ranking to highlight the electric and gas
industry's leading companies
based on financial performance over a
three-year period.
Fortnightly developed
this financial energy ranking to introduce a
new standard for excellence in
the energy industry. Fortnightly
believes it uses a type of industry
analysis that more truly
communicates value to investors,
regulators and consumers. The top 40
companies were selected from the
nation's electric and gas utilities,
pipelines and distribution
companies. Rankings are based on profit
margin, dividend yield, free
cash flows as a percentage of revenue,
return on equity, return on
assets and sustainable company growth.
"Nicor is proud to
be recognized and ranked among the top 40
energy companies in the
nation," said Russ M. Strobel, Nicor's
chairman, president and chief
executive officer. "Fortnightly's
recognition is not only a
reflection of our efforts, but even more
importantly, an acknowledgment
to our employees, who are the spirit
behind our company, and to our
senior management and board of
directors, who are instrumental
in the development of Nicor's
strategic direction."
Nicor Inc. (NYSE: GAS)
is a holding company and is a member of the
Standard & Poor's 500 Index.
Its primary business is Nicor Gas, one of
the nation's largest natural gas
distribution companies. Nicor owns
Tropical Shipping, a
containerized shipping business serving the
Caribbean region and the
Bahamas. In addition, the company owns and
has an equity interest in
several energy-related businesses. For more
information, visit the Nicor Web
site at www.nicor.com.
Caution Concerning
Forward-Looking Statements
This document includes
certain forward-looking statements about
the expectations of Nicor and
its subsidiaries and affiliates.
Although Nicor believes these
statements are based on reasonable
assumptions, actual results may
vary materially from stated
expectations. Such
forward-looking statements may be identified by the
use of forward-looking words or
phrases such as "anticipate,"
"believe,"
"expect," "intend," "may,"
"planned," "potential,"
"should,"
"will," "would," "project,"
"estimate," "ultimate," or
similar phrases. Actual results
may differ materially from those
indicated in the company's
forward-looking statements due to the
direct or indirect effects of
legal contingencies (including
litigation) and the resolution
of those issues, including the effects
of an ICC review, and undue
reliance should not be placed on such
statements.
Other factors that could
cause materially different results
include, but are not limited to,
weather conditions; natural
disasters; natural gas and other
fuel prices; fair value accounting
adjustments; inventory
valuation; health care costs; insurance costs
or recoveries; legal costs;
borrowing needs; interest rates; credit
conditions; economic and market
conditions; accidents, leaks,
equipment failures, service
interruptions, environmental pollution,
and other operating risks;
tourism and construction in the Bahamas and
Caribbean region; energy conservation;
legislative and regulatory
actions; tax rulings or audit
results; asset sales; significant
unplanned capital needs; future
mercury-related charges or credits;
changes in accounting
principles, interpretations, methods, judgments
or estimates; performance of
major customers, transporters, suppliers
and contractors; labor
relations; and acts of terrorism.
Readers are cautioned
not to place undue reliance on these
forward-looking statements,
which speak only as of the date of this
release. Nicor undertakes no
obligation to publicly release any
revision to these
forward-looking statements to reflect events or
circumstances after the date of
this release.
CONTACT: Nicor Inc. Mark Knox, re: N-987 630 388-2529 SOURCE: Nicor Inc. |