Railroad Commission of Texas Issues Final Order
On December 4, 2012, the Railroad Commission of Texas (RRC) issued a final order in the rate case for the Mid-Tex Division (Division) of Atmos Energy. The order authorized an increase in annual margin of about $29.6 million and a net decrease in annual depreciation rates of approximately $13.0 million, generating a net increase in the Division’s annual operating income of about $42.6 million. The order also authorized a return on equity of 10.5 percent, a rate base of $1.513 billion and an increase in the monthly residential customer charge to $17.70. The new rates went into effect January 1, 2013.
This news release should be read in conjunction with the attached unaudited financial information.
Forward-Looking StatementsThe matters discussed in this news release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this news release are forward-looking statements made in good faith by the company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this news release or in any of the company’s other documents or oral presentations, the words “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “objective,” “plan,” “projection,” “seek,” “strategy” or similar words are intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in this news release, including the risks and uncertainties relating to regulatory trends and decisions, the company’s ability to continue to access the capital markets and the other factors discussed in the company’s reports filed with the Securities and Exchange Commission. These factors include the risks and uncertainties discussed in the company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2012. Although the company believes these forward-looking statements to be reasonable, there can be no assurance that they will approximate actual experience or that the expectations derived from them will be realized. The company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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