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Atmos Energy Passing On Savings From Reduced Federal Taxes To Customers

Atmos Energy is in the process of passing on savings from the new federal tax law to customers.

The College Station city council this week approved a new rate review mechanism (RRF) tariff that governs future annual rate filings by the 172 cities served by the Atmos Mid-Texas division.

According to background information given to the city council, “the revised RRM Tariff captures the reduction in federal income tax rates from 35% to 21%”.

Additionally, “the RRM Tariff on which the 2017 rates were based allowed a rate of return on equity of 10.50%. The revised RRM Tariff reduces that to 9.8%.”

The background information indicated this “should result in a rate reduction effective by mid-March, 2018”, and will be applied to “bills rendered on and after April 1.”

The city of Bryan is not part of the Atmos Mid-Texas division. The Bryan/College Station area manager for Atmos, Chace Murphy, says “any ordinances or resolutions are still pending. We certainly stand willing to work with the city (of Bryan) to get those implemented.”

Click below for comments from Chace Murphy, visiting with WTAW’s Bill Oliver.

030218-Chace-Murphy.mp3

 

Click HERE to read and download background information presented to the College Station city council.

Screen shot from page 42 http://agenda.cstx.gov/2018/180305%20–%20CC%20Regular%20Packet.pdf

Short URL: http://wtaw.com/?p=123211

Posted by on Mar 8 2018. Filed under Featured Stories, News.
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