CouncilTrac · Matter

Settle Atmos Energy 2020 rate review and adopt new gas tariffs

Final Resolution Resolution No. 20-22

What this is

Resolution No. 20-22 approves a negotiated settlement reached by the Atmos Cities Steering Committee and Atmos Energy Corp. (Mid-Tex Division) over Atmos's 2020 Rate Review Mechanism filing. The resolution declares existing rates unreasonable, adopts new tariffs reflecting the agreed rate adjustments, and sets benchmarks for pension and retiree medical benefits, with Atmos required to reimburse the steering committee's ratemaking costs.

Why it matters

The new tariffs will affect the natural gas rates Richardson residents and businesses pay to Atmos Energy.

Council action

Approved Via consent agenda

Motion to approve the Consent Agenda as presented

Seconded by Ken Hutchenrider.

7 yes · 0 no

The approved minutes report the tally without a name-by-name roll call.

Timeline

Appearances on agendas

  • Item 11A1 Approved

    City Council — November 2, 2020

    Adopt Resolution No. 20-22

    Official agenda language

    RESOLUTION NO. 20-22, APPROVING A NEGOTIATED SETTLEMENT BETWEEN THE ATMOS CITIES STEERING COMMITTEE (“ACSC”) AND ATMOS ENERGY CORP., MID-TEX DIVISION REGARDING THE COMPANY’S 2020 RATE REVIEW MECHANISM FILING; DECLARING EXISTING RATES TO BE UNREASONABLE; ADOPTING TARIFFS THAT REFLECT RATE ADJUSTMENTS CONSISTENT WITH THE NEGOTIATED SETTLEMENT; FINDING THE RATES TO BE SET BY THE ATTACHED SETTLEMENT TARIFFS TO BE JUST AND REASONABLE AND IN THE PUBLIC INTEREST; APPROVING AN ATTACHED EXHIBIT ESTABLISHING A BENCHMARK FOR PENSIONS AND RETIREE MEDICAL BENEFITS; APPROVING AN ATTACHED EXHIBIT REGARDING AMORTIZATION OF REGULATORY LIABILITY; REQUIRING THE COMPANY TO REIMBURSE ACSC’S REASONABLE RATEMAKING EXPENSES; DETERMINING THAT THIS RESOLUTION WAS PASSED IN ACCORDANCE WITH THE REQUIREMENTS OF THE TEXAS OPEN MEETINGS ACT; AND REQUIRING DELIVERY OF THIS RESOLUTION TO THE COMPANY AND THE ACSC’S LEGAL COUNSEL.

Documents

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