Presley orders disposition of natural gas excess cash
Public Service Commissioner Brandon Presley entered an order yesterday directing the City of Pontotoc to dispose of excess natural gas revenues in a manner that benefits the system’s 6,625 customers that are served in Pontotoc and Union County.
The excess cash was accumulated over a period of years when the rates charged to customers were not approved by the Public Service Commission.
Pontotoc’s unrestricted cash balance in its natural gas operations is $2,871,464.
WTVA
5/23
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