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Texarkana council approves Summit Utilities rate increase, adds annual CPI review and safeguards
Summary
The Texarkana City Council approved an ordinance allowing Summit Utilities Arkansas Inc. to raise natural gas rates and added a consumer-price-index rider through 2030, while withdrawing company-proposed automatic riders and keeping a safeguard that local rates not exceed Texarkana, Arkansas.
The Texarkana City Council unanimously approved an ordinance on July 21 that authorizes a change to residential and commercial natural gas rates charged by Summit Utilities Arkansas Inc., and establishes a procedure for prospective annual adjustments tied to the core Consumer Price Index. City Attorney Jeff Lewis and City Manager David Orr told the council that staff had negotiated changes to Summit’s originally proposed tariff package to remove what staff described as company-favored automatic riders and to substitute a core-CPI rider that excludes food and natural gas. Lewis said the substitution comes with notice and council…
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