In determining and regulating the rates and charges of a natural gas utility company, the Arkansas Public Service Commission shall allow as an operating expense of the natural gas utility company, for natural gas produced by it, the fair value or reasonable market price of the natural gas at the point at which the gas is delivered into the transmission system of the natural gas utility company in or within the vicinity of the field or fields where produced.
Ark. Code Ann. § 23-15-104
Rates and charges of natural gas utilities — Determination
Applied in 1 court decision — leading case Cullum v. Seagull Mid-South, Inc. (1995)
Most recently applied in Cullum v. Seagull Mid-South, Inc. (October 1995)
Acts 1957, No. 175, § 1; A.S.A. 1947, § 73-1903.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.