Amendment #55 to H5151

Gas System Enhancement Program

Mr. Hong of Lowell moves to amend the bill by inserting after SECTION 53 the following text:-

"SECTION 53A. Section 145 of said chapter 164 is hereby amended by striking out subsection (f) and

inserting in its place the following subsection:-

(f) On or before May 1 of each year, a gas company shall file final project documentation for

projects completed in the prior year to demonstrate substantial compliance with the plan approved

pursuant to subsection (e) and that project costs were reasonably and prudently incurred. The

department shall investigate project costs within 6 months of submission and shall approve and

reconcile the authorized rate factor, if necessary, upon a determination that the costs were reasonable

and prudent. Annual changes in the revenue requirement eligible for recovery shall not exceed 1.5 per

cent of the gas company's most recent calendar year total firm revenues, including gas revenues

attributable to sales and transportation customers. Any revenue requirement approved by the

department in excess of such cap may be deferred for recovery in the following year.”.

Additional co-sponsor(s) added to Amendment #55 to H5151

Gas System Enhancement Program