Securitization
The February 2021 Winter Storm Uri significantly impacted Texans.
As your natural gas utility provider, we are proud to have served you safely and reliably during those challenging times. By purchasing natural gas to keep gas flowing to our customers’ homes and businesses throughout Winter Storm Uri, your safety was our top priority.
What do I need to know about my bill?
The Railroad Commission of Texas (RRC) recently approved a securitization mechanism that was developed to allow the collection of those extraordinary costs from Winter Storm Uri over several years, thereby lessening the impact on customers’ monthly bills.
How will this impact my bill?
The securitization charge is $1.10 per McF. The average residential customer will pay approximately $3.85 per month, which will fluctuate based on usage. This charge will start being included in the Cost of Gas line item on your bill on September 29, 2023.
Frequently Asked Questions
Answers to your questions about the Winter Weather Cost Recovery
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What is securitization?
Securitization is a mechanism our state legislature provided to allow the extraordinary costs from Winter Storm Uri to be paid by issuing bonds. As a result, natural gas customers repay the bonds over a longer, more manageable time frame, resulting in lower monthly bill impacts for our customers.
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How much are residential customers having to pay?
The average residential customer will pay $3.85 monthly, which will fluctuate based on usage. The securitization charge varies slightly based on the pressure of the system. The table at the bottom of this page breaks down the pressure bases across our service areas and the securitization charge in each region. The actual amount billed will be determined by natural gas usage.
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When will I see the securitization charge on my bill?
This charge will start being included in the Cost of Gas line item on your bill on September 29, 2023.
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How long will I have to pay for securitization?
The securitization charge will be added to customers' monthly bills for the duration of the bonds' 16-year term. The charge may be adjusted up or down at least twice a year depending on the amount collected from customers.
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Are you charging a franchise fee on the securitization fee?
No. Per the statute, securitization charges are exempt from franchise fees and gross receipts fees.
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What if I have more questions?
If you have additional questions you’re not seeing here, email us at media@texasgasservice.com. If you would prefer to speak with one of our representatives, you can reach us at 800-700-2443.
We're Here to Help!
We have a page dedicated to offering payment assistance options and programs available to Texas Natural Gas customers.
Click here to visit our CARES page
How can I get more information?
We have included some frequently asked questions below for more information.
If you would prefer to speak with one of our representatives, you can reach us at 800-700-2443.