By James Clark | email
LUBBOCK, TX (KCBD) - Atmos and City Hall settled a fight before it ever really got started. Atmos proposed rates for the coming year that were practically unchanged from current rates, if a temporary rate hike for April through August were taken into account.
The city countered that Atmos rates were unreasonable and demanded lower rates equal to $1.18 million less revenue for Atmos inside the city limits. After negotiating the two sides agreed instead to a $902,000 reduction in Atmos revenue.
In essence the city negotiated a break of 12 cents per month for each residential customer's meter charge. If the two sides had not reached an agreement, then Atmos could have appealed to state regulators.
City Council is expected to approve the settlement on Thursday.
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