---
kind: "section"
citation: "18 C.F.R. § 154.306"
title: "18"
number: "154.306"
heading: "Cash working capital."
url: "https://uscodex.org/cfr/18/154.306"
---

# §154.306. Cash working capital.


A natural gas company that files a tariff change under this part may not receive a cash working capital adjustment to its rate base unless the company or other participant in a rate proceeding under this part demonstrates, with a fully developed and reliable lead-lag study, a net revenue receipt lag or a net expense payment lag (revenue lead). Any demonstrated net revenue receipt lag will be credited to rate base; and, any demonstrated net expense payment lag will be deducted from rate base.


## Notes

### Authority

Authority: 15 U.S.C. 717-717w; 31 U.S.C. 9701; 42 U.S.C. 7102-7352.

### Source

Source: Order 582, 60 FR 52996, Oct. 11, 1995, unless otherwise noted.