[Code of Federal Regulations]
[Title 18, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 18CFR154.306]

[Page 449]
 
           TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES
 
  CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY
 
PART 154--RATE SCHEDULES AND TARIFFS--Table of Contents
 
              Subpart D--Material To Be Filed With Changes
 
Sec. 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.