18 C.F.R. § 154.306   Cash working capital.


Title 18 - Conservation of Power and Water Resources


Title 18: Conservation of Power and Water Resources
PART 154—RATE SCHEDULES AND TARIFFS
Subpart D—Material To Be Filed With Changes

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§ 154.306   Cash working capital.

A natural gas company that files a tariff change under this part may not receive a cash working capital adjustment to its rate base unless the company or other participant in a rate proceeding under this part demonstrates, with a fully developed and reliable lead-lag study, a net revenue receipt lag or a net expense payment lag (revenue lead). Any demonstrated net revenue receipt lag will be credited to rate base; and, any demonstrated net expense payment lag will be deducted from rate base.

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