Business Services Industry
Regulators to Investigate Atlanta Gas Light's Profit Levels.
Knight Ridder/Tribune Business News, August, 2001
By Matthew C. Quinn, The Atlanta Journal and Constitution Knight Ridder/Tribune Business News
Aug. 14--The Public Service Commission is moving toward a review of Atlanta Gas Light Co.'s earnings following a staff report that says the utility is earning between $30 million and $52.5 million a year above authorized levels.
A rate reduction could result if the commission determines current rates are not "just and reasonable."
The company disputed the findings. The utility's earnings "are within the authorized rate of return," said Russ Williams, spokesman for AGL Resources, the utility's parent.
The PSC last set AGL's rates in 1998, at the start of the state's rocky natural gas deregulation, which left the utility as a regulated...
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