Nev. Admin. Code § 704.536 - Allowable charges; refund of overcharge
1. An operator
shall not charge a price for liquefied petroleum gas which exceeds its average
inventory price for the billing period.
2. In addition to the price charged for
liquefied petroleum gas and except as otherwise provided in this subsection, an
operator may assess just and reasonable margin rates. Except as otherwise
provided by subsection 3, the margin rates which an operator is authorized to
charge must be established in a general rate application proceeding before the
Commission pursuant to
NRS
704.110.
3. With the consent of the Commission, an
operator may adopt and use an alternative method to determine its margin rates
in lieu of filing a general rate application pursuant to
NRS
704.110. An operator who elects to use an
alternative method shall submit an application pursuant to section 3 for
determination by the Commission as to whether the margin rates charged by the
operator during the immediately preceding fiscal year were just and
reasonable.
4. A customer is
entitled to a refund of any overcharge. The operator shall refund the amount of
the overcharge plus interest as established by the Commission pursuant to
NRS
704.655 from the date the overcharge was paid
by the customer. The refund must, at the election of the operator, be made by
cash payment or by a reduction in the next billing after the overcharge is
discovered.
5. As used in this
section, "average inventory price" means the total cost of liquefied petroleum
gas available for sale, divided by the amount of liquefied petroleum gas
available for sale as calculated for each billing period. For the purpose of
this section, the liquefied petroleum gas available for sale is the amount on
hand at the beginning of the operator's billing period, plus the amount of
liquefied petroleum gas purchased by the operator during that period.
Notes
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