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RATE TARIFFS <br /> Atmos generated rate tariffs attached to the Resolution/Ordinance will generate $115 million <br /> in additional revenues. Atmos also prepared a Proof of Revenues supporting the settlement figures. <br /> ACSC consultants have agreed that Atmos' Proof of Revenues is accurate. <br /> BILL IMPACT <br /> The impact of the settlement on average residential rates is an increase of$4.60 on a monthly <br /> basis,or 6.7 percent. The increase for average commercial usage will be$14.34 or 4.3 percent. Atmos <br /> provided bill impact comparisons containing this figures. <br /> SUMMARY OF ACSC'S OBJECTION TO THE UTILITIES CODE SECTION 104.301 GRIP <br /> PROCESS <br /> ACSC strongly opposed the GRIP process because it constitutes piecemeal ratemaking by <br /> ignoring declining expenses and increasing revenues while rewarding the Company for increasing <br /> capital investment on an annual basis. The GRIP process does not allow any review of the <br /> reasonableness of capital investment and does not allow cities to participate in the Railroad <br /> Commission's review of annual GRIP filings or allow recovery of Cities' rate case expenses. The <br /> Railroad Commission undertakes a mere administrative review of GRIP filings (instead of a full <br /> hearing) and rate increases go into effect without any material adjustments. In ACSC's view, the <br /> GRIP process unfairly raises customers' rates without any regulatory oversight. In contrast,the RRM <br /> process has allowed for a more comprehensive rate review and annual evaluation of expenses and <br /> revenues, as well as capital investment. <br /> RRM SAVINGS OVER GRIP <br /> While residents outside municipal limits must pay rates governed by GRIP, there are some <br /> cities served by Atmos Mid-Tex that chose to remain under GRIP rather than adopt RRM. <br /> Additionally, the City of Dallas adopted a variation of RRM which is referred to as DARR. When <br /> 2557/35!8444378 2 <br />