Statute 55-1412: Credit of gross profits of emergency or spot sales of natural
gas in interstate commerce to customers; duties of commission.
The commission by appropriate action shall prescribe a method by which the
gross profits, including transportation charges, derived from sales of natural
gas produced in this state and sold in interstate commerce pursuant to section
2.68 of the general policy and interpretations of the
federal energy regulatory commission or section 311 of the natural gas policy
act of 1978, or under any similar statutory or regulatory provisions subsequently
adopted, by public utilities including pipelines subject to the jurisdiction
of the commission, or subsidiaries or affiliates of such utilities, are
credited against the bills of such utilities' customers located within this
state. If such a credit is not already being applied by any such utility,
the commission shall require that this be commenced within one hundred twenty
(120) days from the effective date of this act.
History: L. 1979, ch. 171, § 12; May 29.