Summary
ONEOK Inc. (OKE) announced through its division, Texas Gas Service Company, that it has filed for a rate adjustment with several municipalities in Texas, including the city of El Paso. This filing seeks a total increase of approximately $5.45 million, which is projected to result in a modest $1.49 increase to the average monthly residential bill. The company anticipates that this rate case will be resolved by January 2008, indicating a relatively short timeframe for this regulatory process. This is the first rate case filing for Texas Gas Service Company since 2002.
Key Highlights
- 1Texas Gas Service Company, a division of ONEOK, filed for a rate adjustment on August 31, 2007.
- 2The company is seeking a total rate increase of $5,450,250.
- 3The requested increase is expected to add $1.49 to the average monthly residential customer's bill.
- 4The filing includes the city of El Paso and surrounding municipalities like Anthony, Clint, Horizon City, Socorro, and Vinton.
- 5Texas Gas Service Company expects resolution of the rate case by January 2008.
- 6This marks the first rate case filing by Texas Gas Service Company since 2002.
Frequently Asked Questions
The primary purpose of this 8-K filing is to voluntarily disclose that ONEOK's division, Texas Gas Service Company, has filed for a rate adjustment with several municipalities in Texas.
Texas Gas Service Company is requesting a total increase of $5,450,250. This is expected to result in an increase of approximately $1.49 to the average monthly residential bill.
Texas Gas Service Company anticipates that all issues included in this filing will be resolved by January 2008.
The last rate case filed by Texas Gas Service Company was in 2002, making this the first filing in five years.