Gas Prices Spark Action

Fortnightly Magazine - September 15 1997
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Unexpected price increases for natural gas during the past winter heating season have stimulated action by state regulators across the country. Most recently, North Carolina and New Mexico have approved changes in adjustment clause and billing rules to temper the effect on consumers.

North Carolina. The North Carolina Utilities Commission opened a generic proceeding to consider shortening the notice period required for changes to benchmark natural gas commodity rates by local distribution companies. The commission noted that the volatility of gas prices had become a "very real concern" during the past winter heating season.

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