Tennessean American Water Company (TAWC) customers will likely pay a smaller rate hike than the company originally proposed as the result of intervention by the Tennessee Attorney General's Consumer Advocate and Protection Division.
The proposed agreement, subject to approval by the Tennessee Regulatory Authority (TRA) at its next meeting on Oct. 15, means classes of customers will pay 12.72 percent more for water instead of an increase of up to 35 percent if all of the company's proposed rate increases and adjustments were approved. The proposed settlement has been agreed to and been signed by representatives of the City of Chattanooga, the Chattanooga Regional Manufacturers Association, Walden's Ridge Utility District, and the Town of Signal Mountain. TAWC's requested rate hike is the utility's sixth requested increase in the past nine years and the highest proposed to date...read the TAWC press release.
Tennessee American Water Company (TAWC) customers will have the opportunity to comment on a proposed water rate increase during a Tennessee Regulatory Agency (TRA) hearing in Chattanooga today. The requested rate hike is the sixth requested in the past nine years.
The Consumer Advocate with the Tennessee Attorney General's Office has intervened in the case in which TAWC is seeking to raise its rates by approximately $10.6 million. The public is invited to express their views on the proposed increase from 4 to 7 p.m. today at the Hamilton County Courthouse in Chattanooga...read the Chattanooga water press release.
Tennessee Attorney General Bob Cooper and Piedmont Natural Gas Company, Inc. (“Piedmont”) have reached an agreement that reduces Piedmont’s pending request for a rate increase by almost 30%, saving Tennessee ratepayers $4.8 million. The agreement was approved at a hearing today by the Tennessee Regulatory Authority (“TRA”). In September of 2011, Piedmont asked the TRA to approve a general rate increase of $16.7 million. This request was Piedmont’s first such request since 2003 and was a proposed increase to the rates Piedmont charges its customers for the delivery of natural gas.
The Attorney General’s Consumer Advocate and Protection Division intervened on behalf of ratepayers and reviewed the supporting materials submitted by Piedmont as well as additional financial information it obtained from Piedmont related to the request. The Attorney General’s Office subsequently filed testimony and other documents indicating Piedmont was due, after 8 years, a rate increase of no more than $9.9 million, or more than 40% less than Piedmont’s request. After negotiations, the Attorney General and Piedmont agreed on an increase of $11.9 million or almost 30% less than Piedmont’s original request...read the Piedmont press release.