Presley orders disposition of natural gas excess cash

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