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Two states have decided to review the high cost of gas this past winter and the effect the price hike has had on the states' gas utilities.
Florida. While granting requested rate relief on an "expedited basis" to Florida Public Utilities Co., the Florida Public Service Commission said it would conduct a prudence review of the purchased gas costs during its next scheduled PGA audit proceeding.
The PSC has authorized the LDC to increase its purchased gas adjustment charge, acknowledging that futures forecasts had pushed natural gas prices up to the highest levels seen since the exchange began trading natural gas in 1990.
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