Current through Register Vol. 54, No. 45, November 9, 2024
Section 53.69 - Fixed rate option(a) Components of the fixed rate option shall include all gas costs as defined in 66 Pa.C.S. 1307(f) (relating to sliding to scale of rates; adjustments). The natural gas distribution company may offer a fixed rate option to collect these costs over a 12-month period.(b) Natural gas distribution companies adjusting rates for natural gas sales on a regular, less than quarterly but not more frequent than monthly, basis shall submit a separate reconciliation calculation of the fixed rate option service, consis-tent with the company's response to § 53.64(i) (relating to filing requirements for natural gas distributors with gross intrastate annual operating revenues in excess of $40 million). (1) The reconciliation shall present the fixed rate option sales, revenues and costs, separated from the reconciliation of other retail sales.(2) The reconciliation period of fixed rate option sales shall be the same period used to reconcile the company's other retail sales as presented in compliance with 66 Pa.C.S. § 1307(f)(3).(c) Eligible customers may sign up for the fixed rate option during the 3-month period which ends when the annual section 1307(f) rates become effective. Service under the fixed rate option starts on the first day of the customer's billing cycle in which the annual section 1307(f) rates become effective.(d) Chapter 56 (relating to standards and billing practices for residential utility service) is applicable to all fixed rate option sales to residential customers.The provisions of this §53.69 adopted July 7, 2000, effective 7/8/2000, 30 Pa.B. 3441.The provisions of this §53.69 issued under the Public Utility Code, 66 Pa.C.S. § § 501, 1301, 1307 and 1501.