Business Services Industry
Atlanta Gas Light Co. Shaves $5.4 Million Off Requested Rate Increase.
Knight Ridder/Tribune Business News, April, 2002
By Matthew C. Quinn, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News
Apr. 24--Atlanta Gas Light Co. has scaled back its rate hike request in advance of next week's Public Service Commission ruling on the utility's rates.
AGL now wants a rate increase of $44.9 million a year, or $1.96 a month for the average household. The company had been requesting a $50.3 million boost.
The PSC staff has proposed a rate reduction of $42.1 million.
The PSC will issue the new rates Monday, with the rates going into effect Wednesday.
Russ Williams, a spokesman for Atlanta Gas Light, said the utility would still like to settle the case. But the company's lawyers have also filed a brief contending the PSC "unlawfully...
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