Section 505.1642  Account 164.2

In Paragraph D of Account 164.2, Liquefied natural gas stored, the term "Dth" is replaced with "Mcf" to be stated as follows:

            "Withdrawals of gas may be priced according to the first-in-first-out, last-in-first-out, or weighted average cost method provided the method adopted by the utility is used consistently from year to year and inventory records are maintained in accordance therewith. Commission approval must be obtained for any other pricing method or for any change in the pricing method adopted by the utility. Separate records shall be maintained for each storage project of the Mcf of gas delivered to storage and remaining in storage."

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)