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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 13, 1976
Page
3
City leaders wrestle with gas supply control and pricing as concerns about collusion surface. Mayor Lila Cockrell and Council members discuss options including receivership and distribution reliability amid contested proposals and high costs.
State writer reports the Texas Railroad Commission ordered a new rate structure for Lo-Vaca Gathering Co. that could curb bills for San Antonio customers but threaten Coastal States Gas Producing Co. by possible bankruptcy. Major customers include CPS, City of Austin, LCRA, CPL and Lone Star. The plan offers an 8 percent passthrough or a return to contract rates, with potential refunds exceeding 700 million if contracts are voided. The outcome hinges on unanimity among customers and the future control of gas distribution.
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