Report on results of audit related to charges for wholesale electric service by Carolina Power and Light Company under the Fuel-Adjustment Clause filed with the Federal Power Commission

Technical Report · Sat Nov 01 04:00:00 EST 1975

OSTI ID:6513872

During the 6-month period beginning in January 1975 and ending in June 1975, Carolina, through monthly fuel-adjustment clause (FAC) billings, charged its wholesale customers a total of about $16.6 million. The audit disclosed that in computing FAC charges applicable to its wholesale customers, Carolina included certain costs not eligible for inclusion in FAC billings under the Commission's regulations. As a result, for the 6-month period wholesale customers were overbilled, through the FAC, a total of about $15,000. The fact that certain costs were not eligible for inclusion under the FAC were not construed as meaning that the costs may not be proper for consideration in establishing Carolina's cost of service for rate purposes, apart from the FAC. The staff concluded that in all other respects Carolina had properly billed its customers for changes in the cost of fossil-fuel generation in accordance with its filed fuel-adjustment clause. The staff also concluded that procurement policies and procedures underlying fossil-fuel costs were adequate to insure that fuel costs were prudently incurred.

• Research Organization: Federal Power Commission, Washington, DC (USA)
• OSTI ID: 6513872
• Report Number(s): NP-23166
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
296000* -- Energy Planning & Policy-- Electric Power
ACCOUNTING
CHARGES
ELECTRIC POWER
ELECTRIC UTILITIES
FEDERAL POWER COMMISSION
MANAGEMENT
NATIONAL ORGANIZATIONS
POWER
PUBLIC UTILITIES
REGULATIONS
US ORGANIZATIONS