Profile: RGC Resources Inc (RGCO.OQ)
RGC Resources, Inc., incorporated on July 31, 1998, is an energy services company. The Company is primarily engaged in the sale and distribution of natural gas to approximately 59,000 residential, commercial and industrial customers in Roanoke, Virginia and the surrounding localities. The Company conducts its operations primarily through its subsidiaries, including Roanoke Gas Company (Roanoke Gas), Diversified Energy Company, RGC Ventures of Virginia, Inc. and RGC Midstream, LLC. Roanoke Gas also provides certain non-regulated services. Roanoke Gas uses a third-party asset manager to manage its pipeline transportation and storage rights, and gas supply inventories and deliveries.
Roanoke Gas maintains an integrated natural gas distribution system to deliver natural gas purchased from suppliers to residential, commercial and industrial users in its service territory. Roanoke Gas relies on various interstate pipelines, including those operated by Columbia Gas Transmission Corporation and Columbia Gulf Transmission Corporation, East Tennessee Natural Gas Company, Tennessee Gas Pipeline, Midwestern Gas Transmission and Saltville Gas Storage Company, LLC, to transport natural gas from the production and storage fields to Roanoke Gas' distribution system. The Company manages its pipeline contracts and liquefied natural gas storage (LNG) facility in order to provide sufficient capacity to meet the natural gas demands of its customers. The daily winter capacity for delivery into Roanoke Gas' distribution system under the interstate pipelines is approximately 78,610 decatherms (DTH) per day. The LNG facility, which is capable of storing till approximately 220,000 DTH of natural gas in a liquid state for use during peak demand, has the capability of providing an additional 33,000 DTH per day.
RGC Resources Inc
519 Kimball Ave NE
ROANOKE VA 24016-2103