ATLANTA – April 29, 2021 – Atlanta Gas Light submitted its first-ever Integrated Capacity Development Plan, a filing newly required by the Georgia Public Service Commission. The document, referred to as the i-CDP, provides insight into the company’s long-range plans for initiatives that will enable it to meet increased demand and deliver superior customer service while continuing to serve the state safely and reliably.
“Access to natural gas has played a formative role in the development of Georgia’s burgeoning economy,” said Pedro Cherry, president and CEO of Atlanta Gas Light. “The Georgia Public Service Commission has helped ensure Georgia has the utility infrastructure to safely and reliably serve our customers while also helping attract business and jobs to Georgia. With growing residential, commercial and industrial demand, we want to maintain that same level of access by seeking PSC approval for many safety initiatives and intrastate pipeline and infrastructure expansion projects.”
While Atlanta Gas Light was previously required to submit forecasts of its gas supply needs in only three-year increments, the company moved to a 10-year forecast because the planning process for implementing interstate supply projects has grown more complex, often requiring many years to complete. The 10-year outlook also forecasts the capital investment needed to safely deliver that supply.
Moving to a longer-range planning horizon provides a more accurate and comprehensive view of Atlanta Gas Light’s long-term plans and increases transparency into proposed work in advance of ratemaking proceedings. This new process is expected to ultimately generate more stable and predictable rates.
To keep the PSC apprised of these long-term projects’ progress and to maintain accountability, an updated i-CDP will be filed every three years.
If the 2021 i-CDP is approved by the PSC as filed later this fall, the typical residential customer would see a new system reinforcement monthly surcharge ranging from $0.13 to $0.33 depending on the recovery method decided by the PSC. The surcharge would go into effect Jan. 1, 2022. Additionally, the PSC would approve a three-year capital investment plan, which Atlanta Gas Light would execute against annually through the current Georgia Rate Adjustment Mechanism. If that plan is approved as filed, a typical residential customer could experience annual increases, including the surcharge, that average 3.2% of a total base bill for each of the next three years.
To learn more about how Atlanta Gas Light is meeting the needs of its 1.6 million customers, visit www.atlantagaslight.com.
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America’s premier energy company. Southern Company Gas serves approximately 4.3 million natural gas utility customers through its regulated distribution companies in four states with approximately 666,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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