Atmos Energy Kansas Securitization I, LLC Annual Report - How They Did This Year

Let's take a look at how Atmos Energy Kansas Securitization I, LLC performed for the fiscal year ending September 30, 2025.

This isn't your typical company that sells products or services. Atmos Energy Kansas Securitization I, LLC is a special kind of company, often called a "special purpose entity." It's a dedicated financial vehicle set up by Atmos Energy Corporation to handle specific bonds related to utility tariffs. Because of this, it doesn't have regular business operations, sales, or profits in the way a normal company would.

Who's Running the Show:

This entity has a management team, often shared with its parent company, Atmos Energy Corporation.

• John K. Akers serves as President, CEO, and Manager. He is also the President and CEO of Atmos Energy Corporation.
• Christopher T. Forsythe is the Senior Vice President, Chief Financial Officer, and Manager. He holds the same CFO role at Atmos Energy Corporation.
• Jessica W. Bateman is the Senior Vice President, General Counsel, and Corporate Secretary. She also took on these roles at Atmos Energy Corporation in January 2025.
• Orlando C. Figueroa is the Independent Manager. He is also a Senior Managing Director at Citadel SPV.

Money Matters (for Management):

The only compensation paid directly by Atmos Energy Kansas Securitization I, LLC is an annual fee of $3,000 to the independent manager, Orlando C. Figueroa. The other executives are compensated by Atmos Energy Corporation.

Legal Landscape:

There are no legal or governmental proceedings currently pending against Atmos Energy Kansas Securitization I, LLC that would be material for the bondholders.

U.S. Bank Trust Company, National Association, which acts as the trustee for this entity, is involved in other lawsuits related to different types of bonds, such as residential mortgage-backed securities and student loans. U.S. Bank denies wrongdoing and is fighting these cases.

Overall Takeaway:

For the fiscal year ending September 30, 2025, Atmos Energy Kansas Securitization I, LLC is operating as intended for its specific purpose. It is a specialized financial vehicle, and its performance is about maintaining its structure, having clear governance, and not facing any direct material legal challenges.