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.