Business Services Industry
Atlanta Gas Light Plans to Ask for Rate Hike.
Knight Ridder/Tribune Business News, January, 2002
By Matthew C. Quinn, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News
Jan. 5--Atlanta Gas Light Co. plans next week to ask the Georgia Public Service Commission to approve a rate increase.
At least part of the request will be attributed to the utility's rocky transition to natural gas deregulation.
Russ Williams, a spokesman for AGL, declined on Friday to say how big the rate increase proposal will be. The company said previously an increase of between $28 million and $40 million a year is justified.
But the PSC staff has said AGL, the state's No. 1 natural gas utility, is earning $33 million a year above authorized levels and its rates should be reduced by the same amount. For consumers, that would mean an...
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