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Item No. 18 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: 2016 ATMOS RATE REVIEW MECHANISM (RRM) SETTLEMENT <br />DATE: May 2, 2016 <br />BACKGROUND: On March 1, 2016, Atmos made a filing requesting for 35.4 million dollars in <br />additional revenues from its customers system wide. The rate increase request was reviewed by <br />the Atmos Cities Steering Committee (ACSC) of which Paris is a member. <br />STATUS OF ISSUE: Negotiations between Atmos and ACSC resulted in a 5.5 million dollar <br />reduction of requested revenues by Atmos. The ordinance before the Council reflects the reduced <br />proposed rates. The typical residential customer will experience a $1.26 per month increase in <br />their bill (2.43 %). The typical commercial customer will see a monthly increase of $3.81 or <br />(1.43%). <br />BUDGET: This will have no impact on the City budget. <br />RECOMMENDATION: Motion to approve an ordinance and related attachments granting <br />Atmos an increase in revenues system wide of $29.9 million dollars. <br />