Compilation of Rules and Regulations of the State of Georgia › Department 515 - RULES OF GEORGIA PUBLIC SERVICE COMMISSION › Chapter 515-7 - GAS UTILITIES › Subject 515-7-2 - GAS SUPPLY PLANS AND GAS COST ADJUSTMENT FACTORS › Rule 515-7-2-.05 - Plan and Adjustment Factor Requirements

Current through Rules and Regulations filed through June 27, 2024
(1) The Adjustment Factor approved or adopted
				by the Commission, or otherwise made effective under O.C.G.A. §
									46-2-25, shall be applied
				uniformly to all firm customers upon the effective date of such
				factors.
(2) The Adjustment Factor
				to be effective during the Recovery Year commencing October 1, 1994 shall be
				set at a level appropriate to account for under-recoveries or over-recoveries,
				if any, under the Purchased Gas Adjustment Rate of the Utility in effect prior
				to October 1, 1994. The Adjustment Factor to be applicable during each Recovery
				Year commencing October 1, 1995, and thereafter, shall be set at a level
				appropriate to account for under-recoveries or over-recoveries during the
				preceding Recovery Year.
(3) The
				Commission shall not prohibit or limit the operation of a Purchased Gas
				Adjustment Rate of a Utility to the extent that the adjustment permits
				increases or decreases to adjust for increased or decreased Purchased Gas Costs
				when such increased or decreased Purchased Gas Costs shall have become
				effective under the procedures of a federal regulatory agency or under a
				contract approved by a federal regulatory agency. Any subsequent refunds
				received by a Utility which become effective under procedures of a federal
				regulatory agency, or otherwise, shall be treated by the Utility in such manner
				as the Commission may direct. Unless the Commission directs otherwise, if a
				Utility receives such refunds in an amount in excess of the product of $2.00
				and the average number of customers of the Utility during the preceding fiscal
				year, the Utility shall notify the Commission of such refunds, and submit a
				proposal for the regulatory treatment of such refunds, within 30 days of
				receipt of the same. Unless otherwise directed, the Utility shall include any
				other refund in subsequent Adjustment Factor calculations.
(4) Any Purchased Gas Costs which are
				incurred by a Utility in accordance with a Gas Supply Plan which was in effect
				pursuant to the provisions of O.C.G.A. §
									46-2-26.5 at the time such costs
				were incurred may be recovered by the Utility under its Purchased Gas
				Adjustment Rate, and shall not be disallowed retroactively by the Commission in
				the absence of fraud or willful misconduct on the part of the Utility. The
				Commission may, however, disallow and make appropriate adjustments to any
				Purchased Gas Costs that were not incurred in accordance with the Utility's Gas
				Supply Plan if the same resulted in higher Purchased Gas Costs and were the
				result of clearly imprudent conduct on the part of the Utility. The provisions
				of this Rule shall not prohibit the Commission from authorizing a Utility to
				recover under a Purchased Gas Adjustment Rate costs or amounts in addition to
				the Recovery Year. The Utility must also file a statement describing the reason
				for the proposed revision.
Ga. L. 1878-79, p.
				  125, 1907, pp. 72-81; 1922, pp. 142-147; 1956, pp. 104, 105; 1964, pp. 338;
				  1965, p. 283; 1975, Sec. 2, pp. 404-412; 1994, p. 630, Sec.
				  2.