Atmos Energy Seeks Biggest Gas Rate Hike In 25 Years For Colorado Customers

By Special to the Herald Times | The Herald Times

RBC | According to a press release from the Colorado Public Utilities Commission (PUC), Atmos Energy Corp. has filed an application proposing a 28% average increase to the “base rate” portion of monthly natural gas bills for its Colorado customers.

The proposed hike is the largest single increase in the company’s base rates in the last 25 years and would boost Atmos’s annual “base rate” revenues by approximately $17.56 million.

Atmos states the additional revenues are sought to increase profits for shareholders (known as “Return on Equity,” or ROE) and to recover the cost of infrastructure investments made since its last base rate case in 2022. Additionally, the company is seeking an extra $674,868 from consumers to cover its “rate case expenses,” primarily for outside lawyers and consultants working on the proposal.

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