Code of Federal Regulations Title 18. Conservation of Power and Water Resources § 18.154.306 Cash working capital

A natural gas company that files a tariff change under this part may not receive a cash working capital adjustment to its rate base unless the company or other participant in a rate proceeding under this part demonstrates, with a fully developed and reliable lead-lag study, a net revenue receipt lag or a net expense payment lag (revenue lead). Any demonstrated net revenue receipt lag will be credited to rate base;  and, any demonstrated net expense payment lag will be deducted from rate base.