these programs generally emphasize natural gas as the fuel of choice for customers and seek to expand the use of natural gas through a variety of promotional activities . we also use analytical predictive models to identify and target customers who might consider switching from natural gas to other sources of energy in order to retain them as a customer . we have seen a 4 % decline in average customer count in georgia at southstar for the year ended december 31 , 2009 , as compared to 2008. this decline reflects some of the same economic conditions that have affected our utility businesses , as well as a more competitive retail market for natural gas in georgia . glossary of key terms 22 natural gas price volatility natural gas commodity prices have a significant impact on our customer rates and on our long-term competitive position against other energy sources . over the last two years , daily henry hub spot market prices for natural gas in the united states has been extremely volatile and ranged between a high of $ 13.58 per mcf in july 2008 to a low of $ 2.51 per mcf in september 2009. our natural gas acquisition strategy is designed to secure sufficient supplies of natural gas to meet the needs of our utility customers and to hedge gas prices to effectively manage costs , reduce price volatility and maintain a competitive advantage . although spot natural gas prices were as low as $ 2.51 per mcf during 2009 , the current forward price of natural gas continues to remain at much higher levels from $ 5.12 to $ 6.47 per mcf over the next year . our hedging strategies and physical natural gas supplies in storage enable us to reduce earnings risk exposure due to higher gas costs . capital market plan our capital market plan over the next 12 to 18 months includes maintaining our total debt to total capitalization targets between 50 % and 60 % , the renewal of our $ 1 billion credit facility , the renewal of the letter of credit agreements which provide credit support for our variable-rate gas facility revenue bonds and refinancing of $ 300 million in 7.125 % senior notes set to mature in january 2011. we can not predict whether renewing our credit facility or refinancing the senior notes would result in favorable terms or interest rates . additionally , due to the significant changes in the credit markets , we expect that the costs of a renewed credit facility would increase and the duration to be less than the 5-year term under our existing credit facility . we have not yet determined whether we will seek to increase or decrease the size of the credit facility from its current $ 1 billion level . hedges changes in commodity prices subject a significant portion of our operations to earnings variability . our nonutility businesses principally use physical and financial arrangements to reduce the risks associated with both weather-related seasonal fluctuations in market conditions and changing commodity prices . these economic hedges may not qualify , or are not designated for , hedge accounting treatment . as a result , our reported earnings for the wholesale services and retail energy operations segments reflect changes in the fair values of certain derivatives . these values may change significantly from period to period and are reflected as gains or losses within our operating revenues or our oci for those derivative instruments that qualify and are designated as accounting hedges . the net losses on weather hedges during 2009 at retail energy operations were more than offset by corresponding increases in operating margin due to colder weather the hedges were designed to protect against . elizabethtown gas utilizes certain financial derivatives in accordance with a directive from the new jersey bpu to create a hedging program to hedge the impact of market fluctuations in natural gas prices . these derivative products are accounted for at fair value each reporting period . in accordance with regulatory requirements , realized gains and losses related to these financial derivatives are reflected in deferred natural gas costs and ultimately included in billings to customers . unrealized gains and losses are reflected as a regulatory asset or liability , as appropriate , in our consolidated statements of financial position . seasonality the operating revenues and ebit of our distribution operations , retail energy operations and wholesale services segments are seasonal . during the heating season , natural gas usage and operating revenues are generally higher because more customers are connected to our distribution systems and natural gas usage is higher in periods of colder weather than in periods of warmer weather . occasionally in the summer , sequent 's operating revenues are impacted due to peak usage by power generators in response to summer energy demands . seasonality also affects the comparison of certain statements of financial position items such as receivables , unbilled revenue , inventories and short-term debt across quarters . however , these items are comparable when reviewing our annual results . approximately 70 % of these segments ' operating revenues and 79 % of these segments ' ebit for the year ended december 31 , 2009 were generated during the first and fourth quarters of 2009 , and are reflected in our consolidated statements of income for the quarters ended march 31 , 2009 and december 31 , 2009. our base operating expenses , excluding cost of gas , interest expense and certain incentive compensation costs , are incurred relatively equally over any given year . thus , our operating results can vary significantly from quarter to quarter as a result of seasonality . results of operations we generate nearly all our operating revenues through the sale , distribution and storage of natural gas . story_separator_special_tag this was largely offset by decreased expenditures of $ 22 million for the other category , primarily on information technology and building and leasehold improvements . in 2008 , our pp & e expenditures were $ 113 million or 44 % higher than in 2007. this was primarily due to an increase in our natural gas storage project expenditures of $ 48 million as we began construction of our golden triangle storage facility , $ 43 million in increased expenditures for the hampton roads project and increased expenditures of $ 29 million for the pipeline replacement program at atlanta gas light as we replaced larger-diameter pipe in more densely populated areas . this was offset by decreased expenditures of $ 7 million on our base business and other projects . our estimated expenditures for 2010 include discretionary spending for capital projects principally within the base business , natural gas storage and other categories . we continually evaluate whether to proceed with these projects , reviewing them in relation to factors including our authorized returns on rate base , other returns on invested capital for projects of a similar nature , capital structure and credit ratings , among others . we will make adjustments to these discretionary expenditures as necessary based upon these factors . story_separator_special_tag interest at the london interbank offered rate ( libor ) rate plus 3.0 % . sequent 's line of credit is used solely for the posting of margin deposits for nymex transactions and is unconditionally guaranteed by us . the lenders under our credit facility and lines of credit are major financial institutions with committed balances and investment grade credit ratings as of december 31 , 2009 as indicated in the following table . investment grade , in the context of bond ratings , is the rating level above which institutional investors are authorized to invest ( a bond judged likely enough to meet payment obligations that banks and pensions are allowed to invest in it ) . replace_table_token_22_th based on current credit market conditions , it is possible that one or more lending commitments could be unavailable to us if the lender defaulted due to lack of funds or insolvency . however , based on our current assessment of our lenders ' creditworthiness , we believe the risk of lender default is minimal . as of december 31 , 2009 we had no outstanding borrowings under our credit facility . as of december 31 , 2008 , we had $ 500 million of outstanding borrowings under the credit facility . we normally access the commercial paper markets to finance our working capital needs . however , during the third and fourth quarters of 2008 , adverse developments in the global financial and credit markets made it more difficult for us to access the commercial paper market at reasonable rates . as a result , at times we relied instead upon our credit facility for our liquidity and capital resource needs . the credit markets improved in 2009 , allowing us to resume our commercial paper borrowings . glossary of key terms 31 increasing natural gas commodity prices can have a significant impact on our liquidity and working capital requirements . based on current natural gas prices and our expected purchases during the upcoming injection season , a $ 1 increase per mcf in natural gas prices could result in an additional $ 50 to $ 70 million of working capital requirements during the peak of the heating season based upon our current injection plan . this range is sensitive to the timing of storage injections and withdrawals , collateral requirements and our portfolio position . long-term debt our long-term debt matures more than one year from the statements of financial position date and consists of medium-term notes , senior notes , gas facility revenue bonds , and capital leases . the following represents our long-term debt activity over the last three years . gas facility revenue bonds · in june 2008 , we refinanced $ 122 million of our gas facility revenue bonds , $ 47 million due october 2022 , $ 20 million due october 2024 and $ 55 million due june 2032. there was no change to the maturity dates of these bonds . the $ 55 million bond had an interest rate that resets daily and the $ 47 million and $ 20 million bonds had a 35-day auction period where the interest rate adjusted every 35 days . both the bonds with principal amounts of $ 47 million and $ 55 million now have interest rates that reset daily and the bond with a principal amount of $ 20 million has an interest rate that resets weekly . the interest rates at december 31 , 2009 , ranged from 0.2 % to 0.4 % . · in september 2008 , we refinanced $ 39 million of our gas facility revenue bonds due june 2026. the bonds had a 35-day auction period where the interest rate adjusted every 35 days now they have interest rates that reset daily . the maturity date of these bonds remains june 2026. the interest rate at december 31 , 2009 , was 0.2 % . senior notes · in december 2007 , agl capital issued $ 125 million of 6.375 % senior notes . the proceeds of the note issuances , equal to approximately $ 123 million , were used to pay down short-term indebtedness incurred under our commercial paper program . · in august 2009 , agl capital issued $ 300 million of 10-year senior notes at an interest rate of 5.25 % . the net proceeds from the offering were approximately $ 297 million . we used the net proceeds from the sale of the senior notes to repay a portion of our short-term debt . notes payable to trusts · in july 2007 , we used the proceeds from the sale of commercial paper to pay agl capital trust i the $

cash flow from financing activities our capitalization and financing strategy is intended to ensure that we are properly capitalized with the appropriate mix of equity and debt securities . this strategy includes active management of the percentage of total debt relative to total capitalization , appropriate mix of debt with fixed to floating interest rates ( our variable debt target is 20 % to 45 % of total debt ) , as well as the term and interest rate profile of our debt securities . as of december 31 , 2009 , our variable-rate debt was $ 762 million or 30 % of our total debt , compared to $ 1,026 million or 40 % as of december 31 , 2008. this decrease was principally due to lower natural gas prices during the 2009 inventory injection season and thus requiring lower working capital needs , as well as our issuance of $ 300 million in senior notes in 2009. as of december 31 , 2009 , our credit facility and commercial paper borrowings were $ 601 million or 22 % lower than the same time last year , primarily a result of higher working capital requirements in 2008 , driven by higher natural gas prices during the 2008 inventory injection season . for more information on our debt , see note 6 . our cash flows from financing activities reflect a net use of cash of $ 106 million in 2009 as compared to a net source of cash of $ 142 million in 2008. this change primarily reflects the repayment in 2009 of short-term debt outstanding at the end of 2008 coupled with our net borrowing last year to meet working capital needs due to higher natural gas prices . credit ratings we strive to maintain or improve our credit ratings on our debt to manage our existing financing cost and enhance our ability to raise additional capital on favorable terms . factors we consider important in assessing our credit ratings include our statements of financial position leverage , capital spending , earnings , cash flow generation , available liquidity and overall business risks .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flow from financing activities our capitalization and financing strategy is intended to ensure that we are properly capitalized with the appropriate mix of equity and debt securities . this strategy includes active management of the percentage of total debt relative to total capitalization , appropriate mix of debt with fixed to floating interest rates ( our variable debt target is 20 % to 45 % of total debt ) , as well as the term and interest rate profile of our debt securities . as of december 31 , 2009 , our variable-rate debt was $ 762 million or 30 % of our total debt , compared to $ 1,026 million or 40 % as of december 31 , 2008. this decrease was principally due to lower natural gas prices during the 2009 inventory injection season and thus requiring lower working capital needs , as well as our issuance of $ 300 million in senior notes in 2009. as of december 31 , 2009 , our credit facility and commercial paper borrowings were $ 601 million or 22 % lower than the same time last year , primarily a result of higher working capital requirements in 2008 , driven by higher natural gas prices during the 2008 inventory injection season . for more information on our debt , see note 6 . our cash flows from financing activities reflect a net use of cash of $ 106 million in 2009 as compared to a net source of cash of $ 142 million in 2008. this change primarily reflects the repayment in 2009 of short-term debt outstanding at the end of 2008 coupled with our net borrowing last year to meet working capital needs due to higher natural gas prices . credit ratings we strive to maintain or improve our credit ratings on our debt to manage our existing financing cost and enhance our ability to raise additional capital on favorable terms . factors we consider important in assessing our credit ratings include our statements of financial position leverage , capital spending , earnings , cash flow generation , available liquidity and overall business risks .
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 Suspicious Activity Report : these programs generally emphasize natural gas as the fuel of choice for customers and seek to expand the use of natural gas through a variety of promotional activities . we also use analytical predictive models to identify and target customers who might consider switching from natural gas to other sources of energy in order to retain them as a customer . we have seen a 4 % decline in average customer count in georgia at southstar for the year ended december 31 , 2009 , as compared to 2008. this decline reflects some of the same economic conditions that have affected our utility businesses , as well as a more competitive retail market for natural gas in georgia . glossary of key terms 22 natural gas price volatility natural gas commodity prices have a significant impact on our customer rates and on our long-term competitive position against other energy sources . over the last two years , daily henry hub spot market prices for natural gas in the united states has been extremely volatile and ranged between a high of $ 13.58 per mcf in july 2008 to a low of $ 2.51 per mcf in september 2009. our natural gas acquisition strategy is designed to secure sufficient supplies of natural gas to meet the needs of our utility customers and to hedge gas prices to effectively manage costs , reduce price volatility and maintain a competitive advantage . although spot natural gas prices were as low as $ 2.51 per mcf during 2009 , the current forward price of natural gas continues to remain at much higher levels from $ 5.12 to $ 6.47 per mcf over the next year . our hedging strategies and physical natural gas supplies in storage enable us to reduce earnings risk exposure due to higher gas costs . capital market plan our capital market plan over the next 12 to 18 months includes maintaining our total debt to total capitalization targets between 50 % and 60 % , the renewal of our $ 1 billion credit facility , the renewal of the letter of credit agreements which provide credit support for our variable-rate gas facility revenue bonds and refinancing of $ 300 million in 7.125 % senior notes set to mature in january 2011. we can not predict whether renewing our credit facility or refinancing the senior notes would result in favorable terms or interest rates . additionally , due to the significant changes in the credit markets , we expect that the costs of a renewed credit facility would increase and the duration to be less than the 5-year term under our existing credit facility . we have not yet determined whether we will seek to increase or decrease the size of the credit facility from its current $ 1 billion level . hedges changes in commodity prices subject a significant portion of our operations to earnings variability . our nonutility businesses principally use physical and financial arrangements to reduce the risks associated with both weather-related seasonal fluctuations in market conditions and changing commodity prices . these economic hedges may not qualify , or are not designated for , hedge accounting treatment . as a result , our reported earnings for the wholesale services and retail energy operations segments reflect changes in the fair values of certain derivatives . these values may change significantly from period to period and are reflected as gains or losses within our operating revenues or our oci for those derivative instruments that qualify and are designated as accounting hedges . the net losses on weather hedges during 2009 at retail energy operations were more than offset by corresponding increases in operating margin due to colder weather the hedges were designed to protect against . elizabethtown gas utilizes certain financial derivatives in accordance with a directive from the new jersey bpu to create a hedging program to hedge the impact of market fluctuations in natural gas prices . these derivative products are accounted for at fair value each reporting period . in accordance with regulatory requirements , realized gains and losses related to these financial derivatives are reflected in deferred natural gas costs and ultimately included in billings to customers . unrealized gains and losses are reflected as a regulatory asset or liability , as appropriate , in our consolidated statements of financial position . seasonality the operating revenues and ebit of our distribution operations , retail energy operations and wholesale services segments are seasonal . during the heating season , natural gas usage and operating revenues are generally higher because more customers are connected to our distribution systems and natural gas usage is higher in periods of colder weather than in periods of warmer weather . occasionally in the summer , sequent 's operating revenues are impacted due to peak usage by power generators in response to summer energy demands . seasonality also affects the comparison of certain statements of financial position items such as receivables , unbilled revenue , inventories and short-term debt across quarters . however , these items are comparable when reviewing our annual results . approximately 70 % of these segments ' operating revenues and 79 % of these segments ' ebit for the year ended december 31 , 2009 were generated during the first and fourth quarters of 2009 , and are reflected in our consolidated statements of income for the quarters ended march 31 , 2009 and december 31 , 2009. our base operating expenses , excluding cost of gas , interest expense and certain incentive compensation costs , are incurred relatively equally over any given year . thus , our operating results can vary significantly from quarter to quarter as a result of seasonality . results of operations we generate nearly all our operating revenues through the sale , distribution and storage of natural gas . story_separator_special_tag this was largely offset by decreased expenditures of $ 22 million for the other category , primarily on information technology and building and leasehold improvements . in 2008 , our pp & e expenditures were $ 113 million or 44 % higher than in 2007. this was primarily due to an increase in our natural gas storage project expenditures of $ 48 million as we began construction of our golden triangle storage facility , $ 43 million in increased expenditures for the hampton roads project and increased expenditures of $ 29 million for the pipeline replacement program at atlanta gas light as we replaced larger-diameter pipe in more densely populated areas . this was offset by decreased expenditures of $ 7 million on our base business and other projects . our estimated expenditures for 2010 include discretionary spending for capital projects principally within the base business , natural gas storage and other categories . we continually evaluate whether to proceed with these projects , reviewing them in relation to factors including our authorized returns on rate base , other returns on invested capital for projects of a similar nature , capital structure and credit ratings , among others . we will make adjustments to these discretionary expenditures as necessary based upon these factors . story_separator_special_tag interest at the london interbank offered rate ( libor ) rate plus 3.0 % . sequent 's line of credit is used solely for the posting of margin deposits for nymex transactions and is unconditionally guaranteed by us . the lenders under our credit facility and lines of credit are major financial institutions with committed balances and investment grade credit ratings as of december 31 , 2009 as indicated in the following table . investment grade , in the context of bond ratings , is the rating level above which institutional investors are authorized to invest ( a bond judged likely enough to meet payment obligations that banks and pensions are allowed to invest in it ) . replace_table_token_22_th based on current credit market conditions , it is possible that one or more lending commitments could be unavailable to us if the lender defaulted due to lack of funds or insolvency . however , based on our current assessment of our lenders ' creditworthiness , we believe the risk of lender default is minimal . as of december 31 , 2009 we had no outstanding borrowings under our credit facility . as of december 31 , 2008 , we had $ 500 million of outstanding borrowings under the credit facility . we normally access the commercial paper markets to finance our working capital needs . however , during the third and fourth quarters of 2008 , adverse developments in the global financial and credit markets made it more difficult for us to access the commercial paper market at reasonable rates . as a result , at times we relied instead upon our credit facility for our liquidity and capital resource needs . the credit markets improved in 2009 , allowing us to resume our commercial paper borrowings . glossary of key terms 31 increasing natural gas commodity prices can have a significant impact on our liquidity and working capital requirements . based on current natural gas prices and our expected purchases during the upcoming injection season , a $ 1 increase per mcf in natural gas prices could result in an additional $ 50 to $ 70 million of working capital requirements during the peak of the heating season based upon our current injection plan . this range is sensitive to the timing of storage injections and withdrawals , collateral requirements and our portfolio position . long-term debt our long-term debt matures more than one year from the statements of financial position date and consists of medium-term notes , senior notes , gas facility revenue bonds , and capital leases . the following represents our long-term debt activity over the last three years . gas facility revenue bonds · in june 2008 , we refinanced $ 122 million of our gas facility revenue bonds , $ 47 million due october 2022 , $ 20 million due october 2024 and $ 55 million due june 2032. there was no change to the maturity dates of these bonds . the $ 55 million bond had an interest rate that resets daily and the $ 47 million and $ 20 million bonds had a 35-day auction period where the interest rate adjusted every 35 days . both the bonds with principal amounts of $ 47 million and $ 55 million now have interest rates that reset daily and the bond with a principal amount of $ 20 million has an interest rate that resets weekly . the interest rates at december 31 , 2009 , ranged from 0.2 % to 0.4 % . · in september 2008 , we refinanced $ 39 million of our gas facility revenue bonds due june 2026. the bonds had a 35-day auction period where the interest rate adjusted every 35 days now they have interest rates that reset daily . the maturity date of these bonds remains june 2026. the interest rate at december 31 , 2009 , was 0.2 % . senior notes · in december 2007 , agl capital issued $ 125 million of 6.375 % senior notes . the proceeds of the note issuances , equal to approximately $ 123 million , were used to pay down short-term indebtedness incurred under our commercial paper program . · in august 2009 , agl capital issued $ 300 million of 10-year senior notes at an interest rate of 5.25 % . the net proceeds from the offering were approximately $ 297 million . we used the net proceeds from the sale of the senior notes to repay a portion of our short-term debt . notes payable to trusts · in july 2007 , we used the proceeds from the sale of commercial paper to pay agl capital trust i the $

