CouncilTrac · Matter

Resolution 21-26: approve negotiated Atmos Energy gas rate settlement

Final Resolution Resolution No. 21-26

What this is

The council is asked to approve a settlement between the Atmos Cities Steering Committee and Atmos Energy's Mid-Tex Division covering the company's 2021 Rate Review Mechanism filing. The resolution declares existing rates unreasonable, adopts new tariffs from the negotiated settlement, and requires Atmos to reimburse the steering committee's ratemaking expenses.

Why it matters

The new tariffs set what Richardson residents and businesses pay for natural gas service, so this settlement directly affects utility bills.

Council action

Approved Via consent agenda

Motion to approve the Consent Agenda as presented

Moved by Ken Hutchenrider. Seconded by Arefin Shamsul.

7 yes · 0 no

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

Timeline

Appearances on agendas

  • Item 7B Approved

    City Council — September 27, 2021

    Adopt resolution approving negotiated rate settlement

    Official agenda language

    CONSIDER RESOLUTION NO. 21-26, APPROVING A NEGOTIATED SETTLEMENT BETWEEN THE ATMOS CITIES STEERING COMMITTEE (“ACSC”) AND ATMOS ENERGY CORP., MID-TEX DIVISION REGARDING THE COMPANY’S 2021 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; ADOPTING A SAVINGS CLAUSE; REQUIRING DELIVERY OF THIS RESOLUTION TO THE COMPANY AND THE ACSC’S LEGAL COUNSEL.

Documents

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