{"operation":"document","citation":"4 CCR 723-4 Rule 4608","title":"Gas Purchase and Deferred Balance Reports and Prudence Reviews","source_type":"regulation","agency":"Colorado Public Utilities Commission","status":"current","official":true,"published_on":null,"effective_on":null,"summary":"(a) GPDBR filing requirements. The utility shall file a GPDBR in accordance with paragraph 4602(e) for the review and approval of the calculation of the deferred GCA balance including the implementation of the utility's GPIM, as applicable, for the previous four quarters ending June 30. The GPDBR sh","machine_formats":{"json":"https://regulus.evalyn.ai/document/co-ccr-4-723-4-4608.json","markdown":"https://regulus.evalyn.ai/document/co-ccr-4-723-4-4608.md"},"app_url":"https://regulus.evalyn.ai/document/co-ccr-4-723-4-4608","source_url":"https://www.sos.state.co.us/CCR/DisplayRule.do?action=ruleinfo&ruleId=2260&deptID=18&agencyID=96&deptName=Department%20of%20Regulatory%20Agencies&agencyName=Public%20Utilities%20Commission&seriesNum=4%20CCR%20723-4","body":"(a) GPDBR filing requirements. The utility shall file a GPDBR in accordance with\nparagraph 4602(e) for the review and approval of the calculation of the deferred\nGCA balance including the implementation of the utility’s GPIM, as applicable, for\nthe previous four quarters ending June 30. The GPDBR shall be filed under the\nprevious year’s GPP proceeding number (filed approximately 15 months\npreviously). Specific attachments or other information may be filed under seal;\nhowever, an explanation of the confidential nature of the attachments or\ninformation must be included in the GPDBR filing.\n(b) Prudence review process. Based on the initial evaluation of the GPDBR,\nincluding the results of the GPIM, the Commission may initiate a prudence review\nhearing. The Commission shall initiate this hearing by written order within 120\ndays of the filing of the GDBPR. The prudence review may result in tariff or rate\nchanges that could affect different classifications of customers.\n(c) Prudence review standard. For purposes of GCA recovery, the standard of\nreview to be used in assessing the utility's action (or lack of action) in a specific\ngas purchase year is: whether the action (or lack of action) of a utility was\nreasonable in light of the information known, or which should have been known,\n\nat the time of the action (or lack of action). The Commission may consider, as\nappropriate, whether the utility employed carefulness, precaution, attentiveness,\nand good judgment.\n(d) Burden of proof. If the Commission elects to hold a hearing, the utility shall have\nthe burden of proof and the burden of going forward to establish the\nreasonableness of actual gas commodity and demand costs paid by the utility,\nactual costs incurred in volatility management, and actual upstream service costs\nof any nature incurred during the review period.\n(e) Utility testimony and attachments. If the Commission sets a hearing, the utility\nshall file its testimony supporting gas cost recovery for the gas purchase year at\nissue. The testimony shall be filed in question-and-answer format. The utility shall\nfile its testimony not later than 45 days after the Commission sets the matter for\nhearing.","truncated":false,"body_characters":2188}