Title 15 . Revenue

Chapter 21 . (Repealed)

Section 420. Extraordinary operating revenues and losses (gas pipelines)

15 AAC 21.420. Extraordinary operating revenues and losses (gas pipelines)

(a) A retroactive change in the prices or cost of service allowed for a gas pipeline may result in extraordinary operating revenues or extraordinary operating losses for that pipeline, which are fully recognized for purposes of this chapter at the time the retroactive change takes effect. The amount of extraordinary operating revenue or extraordinary operating loss in such a case equals the increase or decrease, respectively, in operating revenues under the retroactive change from its operating revenues under the previous prices and cost of service, for the period to which the change applies.

(b) A catastrophic loss of gas being transported by a pipeline, for which that pipeline is liable, may result in extraordinary operating losses for that pipeline. The amount of those extraordinary operating losses equals the pipeline's costs, unreimbursed by insurance or from one or more third parties and not included in the pipeline's operating expenses under 15 AAC 21.450, for damage to pipeline property, for the lost gas and for other damage or cleanup resulting from the loss of the gas. These extraordinary operating losses are fully recognized for purposes of this chapter in the year when the loss occurs.

(c) The amount authorized or required by FERC to be included in account 182 (Extraordinary Property Losses) for a gas pipeline is an extraordinary operating loss for that pipeline, fully recognized for purposes of this chapter in the year in which it is incurred (account 182 refers to the account of that number in both FERC's Uniform System of Accounts for Class A and B natural gas companies and the one for Class C and D natural gas companies).

History: Eff. 2/22/79, Register 69

Authority: AS 43.05.080

AS 43.19.010 ,

Art. IV, § 18

AS 43.21.030

AS 43.21.090