Company: ATO
Filing Date: 2025-03-27
Form Type: CORRESP
Source: 0000731802-25-000010
Chunk: 1

Company: ATMOS ENERGY CORP
Filing Date: 2025-03-27
Form: CORRESP
Chunk 1
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Given these findings, and considering your risk factor disclosure on page 18, indicating significant capital expenditures are required to modernize your distribution and transmission system, it appears that you should provide more details regarding the condition, suitability, and adequacy of your pipeline systems, such as the age of those systems, incidence of leak detections, and programs to replace or upgrade those systems to comply with Instruction 1 to Item 102 of Regulation S-K.

For example, considering the age of the system associated with the incidents, disclose your view on the remaining serviceability of the 50-60 year-old pipeline system, and clarify how the age of your other pipeline systems compare, with quantitative details that provide meaningful differentiation based on the age of your systems.

Please discuss the nature and scope of any plans to replace or upgrade the aging systems in your network, to include the timeframe, duration, and estimated costs, or clarify if your approach is limited to conducting repairs, in which case also discuss the limitations of that approach. Please also discuss any factors that hinder your ability to upgrade and replace systems that are near the end of their serviceable lives.

Response :

Safety is at the core of our business and essential to who we are. At Atmos Energy, it is our stated vision to be the safest provider of natural gas services.

As we provide information about the changes we propose making to certain language in our Annual Report on Form 10-K for the Fiscal Year ending September 30, 2025 (“2025 Form 10-K”) in response to the Staff’s comments regarding the condition, suitability, and adequacy of our pipeline systems, we want to make two clarifying points at the outset.

First, while we continue to cooperate with the National Transportation Safety Board (“NTSB”), the Pipeline and Hazardous Materials Safety Administration (“PHMSA”), the Mississippi Public Service Commission (“MS PSC”), and other parties to the investigation regarding the 2024 incident in Jackson, Mississippi, that investigation is ongoing. There have been no findings of causal factors (including with respect to the age of our pipeline system) by any party, Atmos Energy’s party submission is not yet public, and we cannot comment on the cause of the incident. It is important to note, however, that with respect to leaks identified on the Atmos Energy transmission and distribution

Mr. Mark Wojciechowski and Karl Hiller

United States Securities and Exchange Commission

March 27, 2025

Page 3

system, we investigate, grade, and repair such leaks in accordance with procedures