The West Virginia Public Service Commission (PSC) has authorized Mountaineer Gas Co. to set up a method to compensate interruptible transportation customers for "banked" over-deliveries eventually used by other sales customers. The company historically permitted its transportation customers to bank excess volumes, and used the gas to reduce purchases for sales customers.
Under the new method, the company will buy current and future banked supplies at a "market determined" rate. The action clears the existing banking account and ensures that sales customers will incur no liability for the banked amounts under a recently approved incentive rate plan. Re Mountaineer Gas Co., Case Nos. 95-0011-G-42T, Feb. 29, 1996 (W.Va.P.S.C.).
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