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This document outlines the final decision of the Public Service Commission of Wisconsin regarding the applications of Wisconsin Electric Power Company and Wisconsin Gas Company for modifications to

How to fill out gas cost recovery mechanism

How to fill out Gas Cost Recovery Mechanism Applications

1. Gather all necessary documents, including invoices and contracts related to gas purchases.
2. Calculate the total gas costs for the specified recovery period.
3. Prepare a detailed breakdown of the gas cost elements, such as transportation and storage costs.
4. Fill out the Gas Cost Recovery Mechanism Application form, ensuring all sections are completed accurately.
5. Attach all supporting documentation to the application form.
6. Submit the application form to the appropriate regulatory authority by the due date.

Who needs Gas Cost Recovery Mechanism Applications?

1. Gas utility companies seeking to recover costs associated with gas purchases.
2. Regulated entities that provide gas service to customers and need to align costs with revenue.
3. Businesses involved in the distribution and sale of gas that experience fluctuating gas prices.

People Also Ask about

What is an example of a cost recovery mechanism?

Practical Example Shiny Clothes Ltd. is a retail store that recently purchased inventory costing $100,000. The retail store sells its inventory to multiple customers for a total sale price of $130,000 – implying a $30,000 profit. The sales were made on credit, and Shiny Clothes Ltd.

What is cost recovery in oil and gas?

Cost Recovery – Petroleum-Related Activities For petroleum-related activities, cost recovery is the method used to recover the costs our organization spends to regulate an operator's offshore activities, manage licence owners' rights and to implement other aspects of our mandate.

What are the three types of cost recovery?

The cost recovery types are as follow: Depreciation: It is the cost recovery technique used for tangible non-current assets. Amortization: This method recovers the acquisition cost of the intangible assets. Depletion: This technique reduces the natural resources' cost per their use.

What are the methods of gas recovery?

Gas recovery is defined as the process of extracting natural gas from geological formations, which may include tight gas sands, shales, and coal seams, often requiring techniques such as hydraulic fracturing to enhance production.

For pdfFiller’s FAQs

What is Gas Cost Recovery Mechanism Applications?

Gas Cost Recovery Mechanism Applications are requests made by utility companies to the regulatory authorities to recover costs associated with the procurement and delivery of natural gas to consumers.

Who is required to file Gas Cost Recovery Mechanism Applications?

Typically, utility providers that supply natural gas to consumers are required to file Gas Cost Recovery Mechanism Applications with the appropriate regulatory agency.

How to fill out Gas Cost Recovery Mechanism Applications?

To fill out Gas Cost Recovery Mechanism Applications, one must provide detailed information including cost estimates, historical data, forecasts, and supporting documentation. Each regulatory agency may provide specific forms and guidelines to follow.

What is the purpose of Gas Cost Recovery Mechanism Applications?

The purpose of Gas Cost Recovery Mechanism Applications is to ensure that utility companies can recover their costs of natural gas supply while maintaining transparency and fairness for consumers.

What information must be reported on Gas Cost Recovery Mechanism Applications?

The information that must be reported includes the cost of purchased gas, sales forecasts, customer data, historical gas costs, and any adjustments or surcharges necessary to align with revenue requirements.