Title 46, Chapter 4, Section 25
( 46-4-25)
(a) In determining whether a certificate of public convenience and
necessity shall be granted, the commission must consider the
following: (1) Whether existing gas pipelines or distribution systems are
adequate to meet the reasonable public needs; (2) The volume of demand for such gas, and whether such demand and
that reasonably to be anticipated in the future can support
already existing gas pipeline and distribution systems, if any,
and also the pipeline or distribution system proposed by the
applicant; (3) The financial ability of the applicant to furnish adequate
continuous service and to meet the financial obligations of the
service which the applicant proposes to perform; (4) The adequacy of the supply of gas to serve the public; (5) The economic feasibility of the pipeline or distribution
system and the propriety of the engineering and contracting fees,
the expenses, and the financing charges and costs connected with
the pipeline or distribution system; and (6) The effect on existing revenues and service of other pipelines
or distribution systems, and particularly whether the granting of
the certificate will or may seriously impair existing public
service. (b) This Code section shall not be construed as exhaustively
describing all factors which the commission may consider in its
decision to grant or deny a certificate. (c) If the applicant seeks a certificate of public convenience and
necessity authorizing the applicant to acquire a gas pipeline or
distribution system of a municipal corporation, the commission shall
also consider whether the purchase price is reasonable in light of
the present value of the system to be acquired. Issuance by the
commission of a certificate of public convenience and necessity
authorizing such acquisition is a determination by the commission,
among other things, that the purchase price is the measure of the
value of the system to be included in the applicant's rate base for
rate-making purposes, subject to the depreciation thereafter allowed
upon such system. |