While the facts in this appeal are not in dispute, a full recitation is necessary to understand and resolve the controversy. Petitioner National Fuel Gas Distribution Corporation (National Fuel) is a retail distributor of natural gas in western New York and its rates are regulated by the Public Service Commission (PSC). Pursuant to a gas adjustment clause in its tariff, National Fuel, like all gas utilities, is permitted to recover monthly increase costs for gas without a...
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