Sound bites from state and federal regulators.
Natural Gas Briefs
Gas Rate Indexing. Alabama continues its a rate stabilization and equalization (RSE) procedure for Alabama Gas Corp. (rates adjusted quarterly to conform return on equity to a preset range). Commission says RSE plan has helped company address recent gas market changes such as supply diversification, system bypass, and competition. Docket No. 25600, Oct. 7, 1996 (Ala.P.S.C.).
Gas Motor Vehicles. Peoples Natural Gas Co. may negotiate rates for gas sales or transportation service with operators of motor vehicle fueling stations, or with vehicle or fleet owners served at separately metered sites, but cannot negotiate rates below its own commodity cost, or use its regulated rates to recover costs incurred for refueling stations. R-00963698, Oct. 3, 1996 (Pa.P.U.C.).
Interruptible Gas Sales. Central Hudson Gas & Electric Corp. loses bid for a $2.4 million natural gas rate hike when New York regulators credit company revenues with profits from past interruptible sales, plus overcollections of pension and research and development costs. Case 95-G-1034, Oct. 3, 1996 (N.Y.P.S.C.).