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, ยง 12; May 29.
Structure Kansas Statutes
Article 14 - Pricing Of Natural Gas
55-1403 Applicability of act to natural gas purchase contracts.
55-1405 Same; limited effect of indefinite escalator clauses; price calculated monthly; exceptions.
55-1407 Recovery of production and conservation fees and taxes.
55-1408 Voluntary renegotiation of price provisions.
55-1409 Enforcement of act by commission; rules and regulations.
55-1410 Judicial review of commission's actions.
55-1414 Profits of pipelines from certain natural gas sales apportioned to customers.
55-1424 Natural gas purchase contracts; definitions.
55-1425 Same; provision preventing certain taxes from inclusion in purchase price prohibited.
55-1427 Same; act not applicable to direct purchases for irrigation purposes.