KRS 278.272: Consideration of natural gas purchasing transactions in determining just

and reasonable rates -- Limitation of authorized rate of return for natural gas

operations.

In determining just and reasonable rates, the commission shall investigate and review

natural gas purchasing transactions of a utility, whose rates for retail sales of natural gas

are regulated by the commission, from an affiliate. The commission shall limit the

authorized rate of return of the utility for its natural gas operations to a l evel which, when

considered with the level of profit or return the affiliate earns on natural gas transactions

to such utility, is just and reasonable.