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Business

Atlanta Gas Light reduces proposed rate increase

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Oct 1, 2010

Atlanta Gas Light is asking the state for a less ambitious rate increase, according to documents filed Friday with the Public Service Commission.

The Atlanta-based utility has reduced its original revenue request 11 percent to $48.2 million, according the filing. Last May, Atlanta Gas Light asked for a hike of $54.2 million.

Under the revised plan, residential customers would see a $2.63 increase to their monthly bill, down from an earlier proposed increase of $2.95 per month.

Atlanta Gas Light said it revised its requested rate increase because of lower than expected interest rates, reducing short- and long-term debt costs. The utility also cited other adjustments recommended by PSC staff, as well as slightly lower than expected federal income taxes based on a bill passed last week by Congress.

The rate case resumes Oct. 12.

About the Author

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

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