Title
Approving a resolution suspending the April 12, 2025 effective date of the proposal by Texas Gas Service Company, a division of One Gas Inc. Central Gulf Service Area, to implement interim GRIP rate adjustments for gas utility investment in 2024 and requiring delivery of this resolution to the company and legal counsel.
Summary
On February 11, 2025, Texas Gas Service Company, a Division of One Gas, Inc. (Texas Gas or Company) filed an Interim Rate Adjustment (GRIP) with cities in its Central-Gulf Service Area. The Company is seeking recovery of $117,718,719 in invested capital. This will increase the current residential customer charge from $18.00 to $21.36 per month. The increase is currently scheduled to go into effect on April 12, 2025.
Under the GRIP statute cities may not challenge the Company’s request. The only action cities may take is to suspend the effective date of the rate increase by 45 days. Cities have until April 12, 2025 to adopt a resolution suspending the date the rate increase would otherwise go into effect.
Deadline for City Council Action
April 12, 2025
Funding Expected: Revenue __ Expenditure __ N/A _X_
Budgeted Item: Yes __ No __ N/A _X_
Amount: ________
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A __ Required _X_ Date Completed: 2/13/2025
Supporting documents attached:
2025 Texas Gas Service Central - Gulf GRIP Suspension Resolution
Recommended Action
Approve the resolution suspending the effective date of rate adjustments.