The Kansas Corporation Commission, or KCC, has approved a settlement agreement outlining how ATMOS Energy will recover $102 million in extraordinary costs incurred during last February’s winter storm. The utility, like others regulated by the KCC, was ordered to do everything possible to continue providing natural gas service to its customers, defer the charges, then develop a plan to allow customers to pay the unusually high costs over time to minimize the financial impact.
The exact dollar amount ATMOS customers will see on their monthly bills and the length of the payment period is unknown. Estimates range from $3.75 to $5.19 per month for residential customers, based on either a 10 or 15 year term. If rate payers had been asked to repay the charges over a one year time period the cost would have been an additional $47.40 per month.
