Statutes, codes, and regulations
Colorado Administrative Code
Department 700 - Department of Regulatory AgenciesDivision 723 - Public Utilities CommissionRule 4 CCR 723-4 - RULES REGULATING GAS UTILITIES
GAS COST ADJUSTMENT AND PRUDENCE REVIEW
Section 4 CCR 723-4-4603 - Gas Cost Adjustments

4 Colo. Code Regs. § 723-4-4603

Download
PDF
Current through Register Vol. 47, No. 20, October 25, 2024
Section 4 CCR 723-4-4603 - Gas Cost Adjustments
(a) A utility shall file an application to adjust its GCA. The GCA application shall be filed pursuant to the schedule provided in rule 4602. A utility shall file a GCA application not less than two weeks in advance of the proposed effective date.
(b) A GCA application shall include, in the following order and specifically identified, the following information, either in the application or in appropriately identified attachments:
(I) the information required by paragraphs 4002(b) and 4002(c); and
(II) the information required by rule 4604. Attachments 2, 3, 5 and 6 listed in rule 4604 shall be provided in written form and shall be provided electronically, in executable format with all cell formulas intact, using spreadsheet software that is compatible with software used by the Commission staff.
(c) If the projected gas costs have changed from those used to calculate the currently effective gas cost or if a utility's deferred gas cost balance increases or decreases sufficiently, the utility may file an application to revise its currently effective GCA to reflect such changes, provided that the resulting change to the GCA equates to at least one cent ($0.01) per Mcf or Dth.
(d) Applicability of the GCA. The GCA shall be applied to all utility sales gas rate schedules. A utility engaged in the provision of gas transportation service may calculate a GCA that may be applied to transportation gas rate schedules in order to reflect appropriate costs. Absent a Commission decision, a utility engaged in the provision of gas transportation service shall not be required to calculate a transportation GCA factor.
(e) Interest on under- or over-recovery. The amount of net interest accrued on the average monthly balance in Account No. 191 (whether positive or negative), is determined by multiplying the monthly balance by an interest rate equal to the Commission-authorized customer deposit rate for gas utilities. If net interest is positive, it will be excluded from the calculation of the deferred gas cost.
(f) Price volatility risk management costs (hedging). Costs related to gas price volatility risk management for jurisdictional gas supply may be included for recovery through the GCA, if allowed by tariffs or by Commission decision. Such costs are subject to the prudence review and standard provided in rule 4607.
(g) Calculation of the GCA. The GCA shall be calculated to at least the accuracy of one mil per Mcf or Dth pursuant to the following formula, subject to individual GCA rule variances granted by the Commission:

GCA = (current gas cost + deferred gas cost)- (base gas cost).

4 CCR 723-4-4603

38 CR 17, September 10, 2015, effective 9/30/2015
40 CR 01, January 10, 2017, effective 1/30/2017
41 CR 11, June 10, 2018, effective 6/30/2018
42 CR 07, April 10, 2019, effective 4/30/2019
43 CR 08, April 25, 2020, effective 5/15/2020
44 CR 04, February 25, 2021, effective 3/17/2021
44 CR 24, December 25, 2021, effective 1/14/2022
45 CR 18, September 25, 2022, effective 10/15/2022
46 CR 06, March 25, 2023, effective 1/25/2023
46 CR 08, April 25, 2023, effective 5/15/2023