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Investor Presentaiton

Regulatory Mechanisms - Gas LDCs¹ Annual Base Utility Rate Decoupling Weather Normalization Bad Debt Recovery³ Energy Efficiency Plan Recovery Rate Adjustment Mechanisms Infrastructure Programs COVID Cost Recovery4 Nicor Gas (Revenue Normalization)² (Investing in Illinois) Atlanta Gas Light Addressed through N/A N/A (AGL) GRAM (Straight-Fixed -Variable) (GRAM) (GRAM & SRR) Virginia Natural Gas (VNG) (Revenue Normalization)² Chattanooga Gas (CGC) 1See the Form 10-K for additional information. 2Revenue Normalization tariff applies only to residential customers 3The gas portion of bad debt expense is recovered through purchased gas adjustment mechanisms. Nicor Gas also has a rider to recover the non-gas portion of bad debt expense. 4No explicit COVID cost recovery mechanism beyond 2021. (SAVE) Addressed through ARM (ARM) (ARM) 41
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