Federal Tax Cut Will Save Average Atmos Customer $1.60 Per Month

Atmos Energy officials say they will pass on savings from federal tax cuts to their gas customers after years of hiking rates. But don't look for your bill to be less than it was before the gas company's last rate increase. Chris Felan, Atmos Energy's vice president of rates and regulatory affairs, called the company's plan "a win across the board." "We wanted to make sure we passed on any savings resulting from the tax change," he said.It's true that a proposed settlement with the city of Dallas would save the average resident about $1.60 a month from the current rates on their gas bills. Commercial customers would see their bills go down by about $2.50 a month. But Atmos customers would still pay more than they did before June 1, 2017, when the company increased rates by about $3.16 on average for residential customers.Dallas City Council members expressed support for the settlement after they were briefed Wednesday. An official vote to approve the rates is scheduled for next Wednesday.  Continue reading...