Temporary Shrinkage Credit Ends in March
Thursday, Febuary 13, 2003
The temporary shrinkage credit mechanism now in effect on Pacific Gas and Electric Company's pipeline system will expire at the end of this month. On March 1, 2003, shrinkage rates will revert to their previous values, as detailed on Pipe Ranger's Shrinkage Factors page.
The temporary shrinkage credit mechanism was put in place last year to eliminate a natural gas shrinkage overcollection on Pacific Gas and Electric Company's gas pipeline system. The Company forecasts the surplus will be eliminated on March 1, 2003. With this in mind, Pacific Gas and Electric Company filed an Advice Letter asking the California Public Utilities Commission (CPUC) to eliminate the credit effective March 1. The Advice Letter is expected to be approved prior to the end of the month.
Please contact your CGT Account Services Representative if you have any questions.
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