Atmos Energy will lift its natural gas prices by only 0.5 percent June 1 after agreeing to a settlement with state officials. Dallas-based Atmos services about 132,000 customers in 11 Tennessee counties, including Williamson, Rutherford and Maury. The company had asked the Tennessee Regulatory Authority to raise its rates by 3.9 percent, which would have generated an extra $5.9 million over the next nearly two years. But the Consumer Advocate and Protection Division of the Tennessee Attorney General’s Office intervened and also negotiated a 9.8 percent cap on the utility's return on equity. Check out the details here.
The Tennessee Attorney General's Office and the state Division of Consumer Affairs have reached an agreement with auto dealer Wholesale Inc. that calls on the company to change its advertising. The deal comes after a complaint from a soldier stationed at Fort Campbell led to allegations that the company violated the Tennessee Consumer Protection Act in marketing a fictitious lender and saying it was marketing a limited amount of loans to military personnel. Check out more info here.
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