Atlanta Gas Light Company Receives Approval for $41 Million Refund to Customers

Strategic Insights -

Atlanta Gas Light Company has received final approval from the Georgia Public Service Commission to proceed with its proposed $41 million refund to customers in Georgia, marking a significant benefit for the average residential customer, who will receive an amount of just over $23 as a credit on their September gas bills.

Key Takeaways:

  • The refund includes interest and will be credited to customers' September gas bills, totaling an estimated $41 million.
  • The average residential customer is expected to receive a credit of just over $23 on their gas bill.
  • The refund is a direct result of Atlanta Gas Light Company's efforts to obtain gas supplies at the lowest possible cost, despite warmer-than-expected temperatures last winter reducing demand for gas and leading to lower prices.
  • The company's deregulation efforts at the federal level are driving gas costs down due to increased competition.
  • Atlanta Gas Light Company is the largest natural gas distribution company in the Southeast, serving nearly 1.3 million residential, commercial, and industrial customers in 229 Georgia communities.

Statistics:

  • $41 million: Total amount of the refund to be credited to customers' gas bills.
  • $23: Estimated amount of the credit for the average residential customer.
  • 1.3 million: Number of customers served by Atlanta Gas Light Company.
  • 229: Number of Georgia communities served by the company.

Sources:

  • PR Newswire, Aug. 22, 1995, "Atlanta Gas Light Company Receives Final Approval for $41 Million Refund to Customers"