Nashville Gas Company (NGC) is a public utility regulated by the Tennessee Regulatory Authority (TRA). NGC provides natural gas service to consumers in Nashville and the surrounding areas.
On April 29, 2003, NGC filed a petition to increase rates and charges. On September 9, 2003, the Consumer Advocate and NGC entered into a settlement which was approved by the TRA. Under the terms of the settlement, NGC’s proposed rate increase was reduced from a total of $18.3 million to $10.3 million, a reduction of $8 million, or 44%. NGC had proposed to generate its $18.3 million in new revenues by increasing residential bills by $16.4 million and non-residential bills by $1.9 million. The settlement significantly lessens the impact of the rate increase on residential customers.
The Consumer Advocate and NGC agreed to generate the $10.3 million in new revenues by increasing residential bills by $7.3 million and non-residential bills by $3.0 million. This rate design reduces NGC’s proposed increase in residential rates by $9.1 million, or 55%. Residential customers’ bills will increase by about 6% or $4.46 per month instead of the 14% or $10.06 increase that Nashville Gas requested. Commercial customers’ rates will rise by about 2% or $7.49 compared with the 3% or $9.84 proposed increase.
This list includes only significant filings and is not intended to be a complete record of the matter.