HomeMy WebLinkAboutORD 2005-70 - ATMOS Energy Tariff Rate•-� • lel►,. 1.
AN ORDINANCE OF THE CITY OF GEORGETOWN, TEXAS
DENYING ATMOS ENERGY CORP., MID-TEX DIVISION'S
REQUEST AUTHORIZING THE COMPLIANCE TARIFFS FOR THE
ANNUAL GAS RELIABILITY INFRASTRUCTURE PROGRAM RATE
ADJUSTMENT IN THIS MUNICIPALITY
WHEREAS, The City of Georgetown ("City") as a regulatory authority,
has previously approved by ordinance or operation of law the Atmos Energy
Corp., Mid -Tex Division's ("Company") application requesting the annual gas
reliability infrastructure program rate adjustment for customers on the
Company's system -wide distribution system; and
WHEREAS, the City has original jurisdiction to evaluate the Company's
request as it pertains to customers of the Company served from the distribution
facilities located within the City, pursuant to Texas Utilities Code §§ 102.001 (b)
and 103.001;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
GEORGETOWN, TEXAS:
SECTION 1. That the Company's request to authorize the compliance
tariffs for an annual gas reliability infrastructure program rate adjustment with
respect to customers served from the Company's distribution facilities located
inside the City, as part of the Company's system -wide gas utility system, is
denied in all respects.
SECTION 2. That this Ordinance shall become effective immediately
from and after its passage, as the law and charter in such cases provide.
SECTION 3. That is it hereby officially found and determined that the
meeting at which this Ordinance is passed is open to the public as required by
law and the public notice of the time, place, and purpose of said meeting was
given as required,
SECTION 4. That a copy of this Ordinance, constituting final action on
the Company's request for an annual gas reliability infrastructure program rate
adjustment, shall be forwarded to the Company's designated representative
within 10 days at the following address: Richard Reis, Atmos Energy Corp.,
Mid -Tex Division, 300 South St. Paul Street, 8t" Floor, Dallas, Texas 75201.
DULY PASSED and approved by the City Council of Georgetown,
Texas, on this the 8th day of November, 2005
APPROVED:
ATTEST:
Sandra D. Lee, City Secretary
Patricia E. Carls, City Attorney
Atrrl � Energy, Mid -Tex Div[ 1,
2004 Annual Cas Reliability Infrastructure Program (GRIP)
➢ The GRIP Bill is a balanced legislation that provides gas utilities the opportunity to earn a regulated rate of
return by reducing regulatory lag on invested capital while at the same time providing several protections
for the gas consumer.
Consumer Utility
® Rate Adjustments are interim and . Allows the utility the potential to
therefore subject to refund upon earn a regulated rate of return by
review of rates in a full rate case. reducing regulatory lag on
® Utility must file a full rate case at GRIP invested capital
least every 5 years. . Promotes infrastructure
a Requires utility to file an Annual improvements and expansion
Earnings Monitoring Report and
Detailed Project List
® Atmos Energy Corporation respectfully requests that the City not suspend consideration of this
filing. Instead, Atmos urges the City to allow the interim rate adjustment to go into effect by
operation of law. If the City desires to take some definitive action on the filing, Atmos urges the
City to approve or deny the filing by November 19, 2005 in order to allow coordinated handling
at the Railroad Commission of any appeals.
Customer Impacts
Customer Class
2003 Interim Rate
Adjustment*
Proposed 2004 Interim
Rate Adjustment
Percentage Increase of
Typical Bill (2004)
Rate R - Residential Sales
$0.29
$0.29
0.38%
Rate C - Commercial Sales
$0.96
$0.97
0.29%
Rate I - Industrial Sales
$31.85
$41.64
1.35%
Key Stats and Dates
Increase in Net Investment in 2004 (Distribution)
Authorized Rate of Return Approved in GUD 9400
Actual Rate of Return for 2004
Proposed Implementation Date
$28,9029652
8.258%
1.334%
November 19, 2005