Atlanta Gas Light reduces proposed rate increase

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.