| | | | | | | | | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 6/12/2017
Department: Gov Relations
Department Head: Brandi Youngkin
Agenda Coordinator: Andrea Park |
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CAPTION
Ordinance No. 2017-6-3: To approve a negotiated settlement between the Atmos Cities Steering Committee (“ACSC”) and Atmos Energy Corp., Mid-Tex Division (“Atmos Mid-Tex” or “Company”) regarding the Company’s 2017 Rate Review Mechanism (“RRM”) filings; 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 settlement tariffs to be just and reasonable and in the public interest; requiring reconciliation and rate adjustments if federal income tax rates change; terminating the RRM process for 2018 pending renegotiation of RRM terms and conditions; requiring the Company to reimburse ACSC’s reasonable ratemaking expenses; determining that this Ordinance was passed in accordance with the requirements of the Texas Open Meetings Act; adopting a savings clause; declaring an effective date; and requiring delivery of this Ordinance to the Company and the ACSC’s legal counsel. ADOPTED
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FINANCIAL SUMMARY Not Applicable
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FISCAL YEAR: 2016-17 |
Prior Year
(CIP Only) |
Current
Year
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Future
Years
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TOTALS |
Budget |
0 |
0 |
0 |
0 |
Encumbered/Expended Amount |
0 |
0 |
0 |
0 |
This Item |
0 |
0 |
0 |
0 |
Balance |
0 |
0 |
0 |
0 |
FUND(S): N/A
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| | | | | | | | COMMENTS: This item has no fiscal impact. |
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SUMMARY OF ITEM
Ordinance to approve a negotiated settlement between the Atmos Steering Committee and Atmos Energy Corp.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Partnering for Community Benefit
Plano Tomorrow Plan Pillar:
Economic Environment |
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