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.