Fla. Admin. Code R. 25-7.040

Current through Reg. 50, No. 235-239, December 10, 2024

Section 25-7.040 - Interim Rate Relief

(1) Each natural gas utility petitioning for interim rate relief pursuant to Section 366.071, F.S., shall file the data required in paragraph 25-7.039(1)(a), F.A.C.

(2)

(a) Interim rates shall apply across the board based on base rate revenues for the test period less base gas revenue by rate schedule. The resulting dollar amount shall be divided by base rate revenues per rate schedule to determine the percent increase applied to each rate schedule.

(b) In determining the interim increase, the following data shall be provided by rate schedule: Therm sales; base rate revenue less base gas cost; base gas revenue; total base rate revenue; purchased gas adjustment revenue; total revenue. The interim increase shall be shown by dollar amount and percentage by rate schedule calculated in the following manner:

I.	Required Interim Revenue Relief Base rate revenue less base gas cost		=		Across the board percentage constant
II.	Percentage Constant	×	Base rate Revenue less base gas cost	=	Dollar increase to rate schedule
III.	Dollar Increase Total base rate Revenue				Percent increase applied to rate schedule

(3) Interim rate relief collected is subject to refund pending final order in the permanent rate relief request. Such increase shall be subject to a corporate undertaking or under bond as authorized by the Commission and any refund shall be made with an interest factor determined by using the 30-day commercial paper rate for highgrade, unsecured notes, sold through dealers by major corporations in multiples of $1,000, as regularly published in the Wall Street Journal. The annual rate as published on the first day of the current business month would be added to the rate as published on the first day of the subsequent business month and halved to obtain the simple average rate to be applied in that month. This rate of interest would be applied to the refund amount for that month. The amount of interest calculated would be added to the beginning balance of the following month so as to accomplish the compounding of the interest feature of the refund provision.

Fla. Admin. Code Ann. R. 25-7.040

Rulemaking Authority 366.05(1), 366.071 FS. Law Implemented 366.06(3), 366.071 FS.

New 5-27-81, Formerly 25-7.40.

New 5-27-81, Formerly 25-7.40.