Section 704.536 - Allowable charges; refund of overcharge1. An operator shall not charge a price for liquefied petroleum gas which exceeds its average inventory price for the billing period.2. In addition to the price charged for liquefied petroleum gas and except as otherwise provided in this subsection, an operator may assess just and reasonable margin rates. Except as otherwise provided by subsection 3, the margin rates which an operator is authorized to charge must be established in a general rate application proceeding before the Commission pursuant to NRS 704.110.3. With the consent of the Commission, an operator may adopt and use an alternative method to determine its margin rates in lieu of filing a general rate application pursuant to NRS 704.110. An operator who elects to use an alternative method shall submit an application pursuant to section 3 for determination by the Commission as to whether the margin rates charged by the operator during the immediately preceding fiscal year were just and reasonable.4. A customer is entitled to a refund of any overcharge. The operator shall refund the amount of the overcharge plus interest as established by the Commission pursuant to NRS 704.655 from the date the overcharge was paid by the customer. The refund must, at the election of the operator, be made by cash payment or by a reduction in the next billing after the overcharge is discovered.5. As used in this section, "average inventory price" means the total cost of liquefied petroleum gas available for sale, divided by the amount of liquefied petroleum gas available for sale as calculated for each billing period. For the purpose of this section, the liquefied petroleum gas available for sale is the amount on hand at the beginning of the operator's billing period, plus the amount of liquefied petroleum gas purchased by the operator during that period.Nev. Admin. Code § 704.536
Added to NAC by Pub. Service Comm'n, eff. 1-31-91; A by Pub. Utilities Comm'n by R047-02, 10-24-2002; A by R031-19A, eff. 10/30/2019NRS 703.025, 704.097, 704.210