Item Coversheet
 CITY OF PLANO
COUNCIL AGENDA ITEM
Council Meeting Date:  6/12/2017

Department:  Gov Relations

Department Head: Brandi Youngkin

Agenda Coordinator:  Andrea Park

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

 

 


FINANCIAL SUMMARY

 

Not Applicable
FISCAL YEAR: 2016-17 Prior Year
(CIP Only)

Current

Year

Future

Years

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



 


COMMENTS:  This item has no fiscal impact.

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

 


ATTACHMENTS:
DescriptionUpload DateType
Attachment5/24/2017Attachment
Ordinance5/24/2017Ordinance