Gas rate hike proposed - 12:45 p.m.
City Manager Rick Howell proposed an increase to the city's gas rate. He said the rates are preliminary and haven't been finalized.
$1.50 increase in the facility charge for residential with $1.17 base margin increase, $2.50 increase for commercial with $1.23 base margin increase and $10 increase for high load factor with $1.02 base margin increase.
"People are using less gas when it's cold and it's hurting our bottom line," said Ted Phillips, the city's finance director.
He also said winters have been warmer than usually.
"A lot of our gas customers are not in the electric system," said Phillips.
$1.50 increase in the facility charge for residential with $1.17 base margin increase, $2.50 increase for commercial with $1.23 base margin increase and $10 increase for high load factor with $1.02 base margin increase.
"People are using less gas when it's cold and it's hurting our bottom line," said Ted Phillips, the city's finance director.
He also said winters have been warmer than usually.
"A lot of our gas customers are not in the electric system," said Phillips.
posted by Pete DeLea at
11:30 AM
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