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AI# 12739  Regular City Council Meeting 7.8. 08/13/2024:

Information

Agenda Item

Resolution - Finance: Consider a resolution suspending the effective date for ninety days, in connection with the rate increase filing made on about July 16, 2024, by West Texas Gas, Inc.; finding that the meeting complies with the open meetings act; making other findings and provisions related to the subject; and declaring an effective date.

Item Summary

On about July 16, 2024, West Texas Gas Utility, LLC. (“WTG”) filed a Statement of Intent to increase its base rate revenues by approximately $6.78 million. This equates to an increase in annual revenue of about 35.75% including gas costs, and 51.40% excluding gas costs.  This is WTG’s first request to increase its base rates since 2020.  Following the conclusion of its 2020 rate case (Gas Utilities Docket No. 10998), WTG has raised its rates by means of 4 Interim Rates Adjustment (“IRA”) filings, also known as “GRIP” filings.    Cities have original jurisdiction over such cases with final outcomes decided by the Texas Railroad Commission.  Cities must either approve, deny or suspend filing within 30 days, or it is deemed to be approved, and the requested rates will go into effect.  This item is to suspend the effective date for 90 days to allow staff and outside counsel to review and negotiate the requested rate increase.  Additional information is included with this item.

Fiscal Impact

Expenses incurred through a rate case are recoverable.

Staff/Board Recommending

Cheryl Brock, Interim Chief Financial Officer

Attachments WTG Rate Case Resolution Information Sheet

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