ONE OK gas company branches off to ONE Gas, raises franchise fee
El Paso, TX (KTSM) — El Paso City council gave the OK to ONE OK gas company to split off their distribution business. That means higher rates for natural gas customers. ONE OK is now called ONE Gas.
City representatives approved the move with the exception of Representatives Eddie Holguin and Lily Limon voting no. Representative Limon said she voted no on the issue because she wanted a representative from El Paso to sit on their board. The company denied her request.
"It's just a message to say, 'hey! Keep us in consideration.' If it had been a unanimous vote and it had gone through then they could have very easily have said, 'Well it didn't really matter. This issue is not that important.' Just to bring it to the forefront, perhaps more than anything to put little bit of conscience, you know, a little bit of seed in their conscience how important it is to have a representative from El Paso,” City Rep. Lily Limon of District 7 said.
The company also discussed its rising franchise fee. The fee currently stands at 1.7-percent and will more than double early 2014. Then jump another one percent in 2015 which company officials say may mean higher rates for customers.