What happened
Natural gas providers Atmos Energy and CoServ Gas both applied for a rate adjustment that would increase some residents’ natural gas bills.
Following Atmos’ April application, Prosper Town Council accepted a negotiated settlement that lowered Atmos’ proposed revenue increase from $245.2 million to $205.6 million.
Additionally, Council members approved suspending a proposed rate increase CoServ applied for in July.
What it means
Atmos residential customers will see an increase of $7.83 a month, and commercial customers will see an increase of $25.73 a month, according to town documents.
Additionally, CoServ residential customers could see an increase of $3.33 on their monthly bill, with commercial customers seeing an increase of $8.05, according to a news release from CoServ.
According to the release, CoServ’s rate increase is necessary due to inflationary costs for materials and labor.
Looking ahead
Atmos’ rate increases will go into effect Oct. 1, but CoServ’s proposed increase remains under review, according to town documents.
Additionally, CoServ is planning to defer the effective date of the rate increase from Sept. 17 to Jan. 1, 2026, according to the release.
