06 LC 22
5786
Senate
Bill 209
By:
Senators Stoner of the 6th, Butler of the 55th, Pearson of the 51st and Hill of
the 32nd
AS
PASSED
AN
ACT
To
amend Chapter 2 of Title 46 of the Official Code of Georgia Annotated, relating
to the Public Service Commission, so as to change the time period for issuance
of a commission order after a hearing regarding a gas supply plan and adjustment
factors filed by a gas utility; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
2 of Title 46 of the Official Code of Georgia Annotated, relating to the Public
Service Commission, is amended in Code Section 46-2-26.5, relating to gas supply
plans and adjustment factors, by striking subsection (e) and inserting in lieu
thereof the following:
"(e)
Following such a hearing, the commission shall issue an order approving the gas
supply plan filed by the gas utility or adopting a gas supply plan for the gas
utility that the commission deems appropriate. In addition, the commission in
its order shall approve the adjustment factors proposed by the gas utility or
adopt adjustment factors that the commission deems appropriate. The adjustment
factors approved or adopted by the commission, or otherwise made effective under
this Code section, shall be applied uniformly to all firm customers upon the
effective date of such factors. The adjustment factors to be effective during
the recovery year commencing October 1, 1994, shall be set at levels appropriate
to account for underrecoveries or overrecoveries, if any, under the purchased
gas adjustment rate of the gas utility in effect prior to October 1, 1994. The
adjustment factors to be applicable during each recovery year commencing October
1, 1995, and thereafter, shall be set at levels appropriate to account for
underrecoveries or overrecoveries during the preceding recovery year. Should the
commission fail or refuse to issue an order by the ninetieth day after the gas
utilitýs
filing which either approves the gas supply plan filed by the gas utility or
adopts a different gas supply plan for the gas utility, the gas supply plan
proposed by the gas utility shall thereupon be deemed approved by operation of
law. Similarly, should the commission fail or refuse to issue an order by such
date which either approves the adjustment factors proposed by the gas utility or
adopts different adjustment factors for the gas utility, the adjustment factors
proposed by the gas utility shall thereupon be deemed approved by operation of
law."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.