§ 23-15-103 — Gas rates

(a) (1) A gas line or company operating in this state that renders a domestic or general service to the public in the furnishing and sale of gas is required to buy or furnish from the lowest or most advantageous market. (2) Failure to comply with subdivision (a)(1) of this section shall deprive a gas line or company of the difference in price between the market price and the price at which the purchase is made. (3) In determining the lowest or most advantageous market as described in subdivision (a)(1) of this section, the Arkansas Public Service Commission may take into consideration various factors, including without limitation: (A) Price; (B) Methodology of production; (C) Reliability of supply; (D) Impact on customer choice; and (E) Conditions associated with transportation or storage. (b) Notwithstanding subsection (a) of this section, the commission may allow a gas line or company reasonable purchases of natural gas or natural gas alternatives, including without limitation renewable natural gas and hydrogen, as an operating expense if the purchase of natural gas or natural gas alternatives is in the public interest.

Legislative History

Amended by Act 2021, No. 156,§ 1, eff. 7/28/2021. Acts 1921, No. 239, § 1; Pope's Dig., § 5081; A.S.A. 1947, § 73-1901.