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Texas gas wants to raise rates again (lemmy.world)

submitted 10 months ago by reddig33@lemmy.world to c/austin@lemmy.world

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https://www.austinmonitor.com/stories/2024/08/texas-gas-service-rate-hearing-at-council-this-thursday/

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[–] protist@mander.xyz 2 points 10 months ago* (last edited 10 months ago) (1 children)

While residential customers would see higher rates under the proposal, commercial and industrial gas buyers would actually receive lower rates.

Stacey McTaggart, rates and regulatory director at Texas Gas Service, told the City Council that was because commercial and industrial gas buyers have traditionally paid more than their fair share for natural gas service.

“Their rates are higher than the cost to serve them,” she said. “We would like to bring rates and costs into alignment to send clear economic signals to the commercial sector.”

Apparently Texas Gas Service is basically the Federal Reserve now, trying to send "clear economic signals to the commercial sector."