The Tennessee Public Utility Commission voted this week to approve $4.8 million in rate adjustments following its annual financial review of Chattanooga Gas.
The ruling will allow the TPUC to recover costs incurred in 2019 while “enhancing safety, improving reliability and expanding its system to support the unprecedented growth experienced in the Chattanooga region,” the company says in a news release.
The adjustments represent an approximate 7% increase on the total bill for typical residential customers, or $2.98 per month.
“This ruling acknowledges we have made prudent investments to ensure the safety and reliability of our infrastructure, meet our customers’ demands and support growth in the Chattanooga region,” says Pedro Cherry, president and CEO of Chattanooga Gas. “We’re mindful of the impact any increase can have on customers during this unprecedented time, and we appreciate the Consumer Advocate’s collaboration to ensure this rate adjustment benefits all of the Chattanooga region.
The new rates will now go into effect Oct. 1.
Information
Source: Tennessee Public Utility Commission