Rule 515-7-2-.07 - Gas Cost Adjustment Factor Revisions(1) At least every three calendar months, the Utility shall file proposed revisions to its Adjustment Factors based on actual unrecovered Purchased Gas Costs in order that the revenues to be recovered pursuant to such rate during the remainder of the current Recovery Year shall equal, as nearly as possible, the Utility's unrecovered Purchased Gas Costs through the end of such Recovery Year. The revisions to the Adjustment Factors, if any, shall be made to the nearest 0.01¢ per them.(2) Unless the Commission directs otherwise, such revised Adjustment Factors shall become effective on the first day of the first calendar month that begins at least 15 days after the date of such filing.(3) The format set forth in paragraph 515-7-2-.08 shall be used for any proposed revisions to the Adjustment Factors during the Recovery Year covered by the Gas Supply Plan. In addition, any filing to revise the Adjustment Factors shall report the projected volumes, rates and cost information for the remainder of each month for the Recovery Year. Actual volumes, rates and costs incurred to date shall also be reported. The Utility must demonstrate that the New Adjustment Factors will recover approximately the Purchased Gas Cost (PGC) (plus or minus the existing PGC balance) over the remainder of Purchased Gas Costs, nor shall the provisions of this Rule prohibit the Commission from removing from Purchased Gas Costs those costs incurred by a Utility for the purpose of acquiring gas to supply customers who are not firm customers.Ga. Comp. R. & Regs. R. 515-7-2-.07
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, 404-412; 1994, p. 630, Sec. 2.
Original Rule entitled "Gas Cost Adjustment Factor Revisions" adopted. F. May 19, 1995; eff. June 8, 1995.