Tennessee Attorney General Herbert H. Slatery III today announced a settlement with Atmos Energy Corporation (Atmos) that significantly reduces a proposed rate increase to natural gas consumers. The settlement provides that consumers' rates will only increase 0.5%, which is substantially less than the 3.9% rate increase Atmos originally requested.
"This agreement accomplishes two very important things. It keeps rates down for consumers while allowing Atmos revenues sufficient to earn a fair and reasonable return on its capital investments," said Attorney General Slatery...read the Atmos press release.
Tennessean American Water Company (TAWC) customers will likely pay a smaller rate hike than the company originally proposed as the result of intervention by the Tennessee Attorney General's Consumer Advocate and Protection Division.
The proposed agreement, subject to approval by the Tennessee Regulatory Authority (TRA) at its next meeting on Oct. 15, means classes of customers will pay 12.72 percent more for water instead of an increase of up to 35 percent if all of the company's proposed rate increases and adjustments were approved. The proposed settlement has been agreed to and been signed by representatives of the City of Chattanooga, the Chattanooga Regional Manufacturers Association, Walden's Ridge Utility District, and the Town of Signal Mountain. TAWC's requested rate hike is the utility's sixth requested increase in the past nine years and the highest proposed to date...read the TAWC press release.
Tennessee American Water Company (TAWC) customers will have the opportunity to comment on a proposed water rate increase during a Tennessee Regulatory Agency (TRA) hearing in Chattanooga today. The requested rate hike is the sixth requested in the past nine years.
The Consumer Advocate with the Tennessee Attorney General's Office has intervened in the case in which TAWC is seeking to raise its rates by approximately $10.6 million. The public is invited to express their views on the proposed increase from 4 to 7 p.m. today at the Hamilton County Courthouse in Chattanooga...read the Chattanooga water press release.