Item 5IResolution No. 06-040
June 20, 2006
Background
March 21, 2006 City Council approved Resolution No. 06-015 to authorize city staff to participate in the Gas Standing Steering Committee;
The establishment of the committee enables cities to respond quickly to frequent gas rate filings;
Resolution No. 06-040
On May 31, 2006, Atmos filed a system-wide rate increase;
The resolution formally denies the rate increase;
Resolution No. 06-040
The filing would increase the Company’s revenues by $61 million annually, or 3.6%;
Average residential bill will increase 5.6% ($4.02 per month)
Average commercial customers will see their average bill increase by 5.25% ($17.16/per month)
Resolution No. 06-040
Gas Utility Regulatory Act §103.022 provides that costs incurred by the City in ratemaking activities are to be reimbursed by the regulatory utility;
QUESTIONS?