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Council approves negotiated settlement for Atmos Mid-Tex rate‑review filing
Summary
The council voted to approve a negotiated settlement between the Atmos Cities Steering Committee and Atmos Energy Corp. (Mid‑Tex) that reduces the company’s requested revenue increase by $20 million; new rates set to take effect Oct. 1, 2025, contingent on member approval.
The Louisville City Council on Sept. 9 approved by a 6–0 vote a negotiated settlement between the Atmos Cities Steering Committee (ACSC) and Atmos Energy Corp., Mid‑Tex Division, resolving Atmos’s 2025 rate review mechanism (RRM) filing.
Staff reported that Atmos filed for an increase that sought approximately $245.2 million in additional revenues based on a 2024 cost-of-service study; ACSC consultants recommended a deficiency figure under RRM standards of about $185.6 million. The negotiations produced a settlement of roughly $205.6 million — a $20 million reduction from Atmos’s initial request. The new rates are slated to take effect Oct. 1, 2025, contingent on ACSC member approval prior to that date.
Why it matters: the negotiated settlement establishes tariffs and a benchmark for pension and retiree medical benefits for Atmos Mid‑Tex customers in the ACSC member cities and will influence gas bills affecting residential and commercial customers in the service area.
Ryan Renteria (Atmos) was available for questions, according to staff; council made no substantive amendment on the floor and approved the ordinance reflecting the settlement.
