More than 130 Texas cities oppose Atmos rate hike

By: From Wire Reports, The Dallas Morning News
By: From Wire Reports, The Dallas Morning News

DALLAS (AP) - More than 130 Texas cities from Wichita Falls to Round Rock are fighting a proposed $45 million rate hike sought by Atmos Energy Corporation.

The Dallas Morning News reported Sunday that the dispute centers on whether the natural gas provider is being allowed to earn a rate of return far beyond what it needs to upgrade infrastructure.

Officials with Dallas-based Atmos have said the increase is needed to cover repairs and renovations to its aging gas pipeline network.

Regulatory filings indicate the hike would add less than $2 per month to the average residential customer's bill. Rates are regulated by the Texas Railroad Commission,

Attorney Geoffrey Gay, who represents most of the cities, says the proposal includes money for executive bonuses and increases in employee benefits.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 262409871 -
Gray Television, Inc.